Investors Asset Management of Georgia Inc. GA ADV Sells 166 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Investors Asset Management of Georgia Inc. GA ADV reduced its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 3.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,780 shares of the credit services provider’s stock after selling 166 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Federal Agricultural Mortgage were worth $914,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AGM. Bank of New York Mellon Corp boosted its holdings in shares of Federal Agricultural Mortgage by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 92,040 shares of the credit services provider’s stock valued at $9,984,000 after buying an additional 1,079 shares in the last quarter. US Bancorp DE raised its position in shares of Federal Agricultural Mortgage by 53.9% in the 1st quarter. US Bancorp DE now owns 1,153 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 404 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Federal Agricultural Mortgage by 1.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,024 shares of the credit services provider’s stock valued at $870,000 after purchasing an additional 118 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Federal Agricultural Mortgage by 58.6% in the 1st quarter. MetLife Investment Management LLC now owns 4,946 shares of the credit services provider’s stock valued at $537,000 after purchasing an additional 1,828 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Federal Agricultural Mortgage by 32.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 978 shares of the credit services provider’s stock valued at $111,000 after purchasing an additional 237 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors.

Federal Agricultural Mortgage Stock Performance

Shares of Federal Agricultural Mortgage stock traded up $0.48 during midday trading on Thursday, hitting $180.39. The company had a trading volume of 16,536 shares, compared to its average volume of 66,147. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 11.45 and a beta of 1.07. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.51. The company has a fifty day simple moving average of $186.30 and a 200 day simple moving average of $175.57. Federal Agricultural Mortgage Co. has a 12-month low of $122.96 and a 12-month high of $199.40.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Friday, February 23rd. The credit services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.70 by $0.40. The firm had revenue of $354.15 million during the quarter, compared to analyst estimates of $86.86 million. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. During the same period last year, the firm posted $3.16 EPS. As a group, analysts predict that Federal Agricultural Mortgage Co. will post 17 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.40 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. This represents a $5.60 dividend on an annualized basis and a yield of 3.10%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 35.42%.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.