ProShare Advisors LLC Sells 36,807 Shares of Federal Agricultural Mortgage Corporation $AGM

ProShare Advisors LLC cut its stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 96.9% in the third quarter, Holdings Channel reports. The fund owned 1,183 shares of the credit services provider’s stock after selling 36,807 shares during the period. ProShare Advisors LLC’s holdings in Federal Agricultural Mortgage were worth $245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter worth about $27,000. Ancora Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter worth about $42,000. Nykredit A S acquired a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter worth about $50,000. Versant Capital Management Inc lifted its holdings in Federal Agricultural Mortgage by 3,862.5% during the 2nd quarter. Versant Capital Management Inc now owns 317 shares of the credit services provider’s stock valued at $63,000 after purchasing an additional 309 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Federal Agricultural Mortgage by 80.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 337 shares of the credit services provider’s stock valued at $70,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Up 0.4%

NYSE AGM opened at $174.87 on Friday. The stock has a market capitalization of $1.90 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.71 and a beta of 1.02. Federal Agricultural Mortgage Corporation has a 52 week low of $136.57 and a 52 week high of $248.29. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.56 and a current ratio of 0.57. The stock has a fifty day moving average of $208.02 and a 200-day moving average of $189.64.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Thursday, November 5th. The credit services provider reported $4.82 EPS for the quarter, missing the consensus estimate of $5.20 by ($0.38). The business had revenue of $125.25 million for the quarter, compared to analyst estimates of $121.29 million. Federal Agricultural Mortgage had a return on equity of 19.16% and a net margin of 28.88%. On average, equities research analysts forecast that Federal Agricultural Mortgage Corporation will post 20.45 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $1.60 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $6.40 dividend on an annualized basis and a yield of 3.7%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 33.86%.

Analysts Set New Price Targets

A number of research firms have commented on AGM. Weiss Ratings restated a “hold (c)” rating on shares of Federal Agricultural Mortgage in a research report on Friday, September 25th. Keefe, Bruyette & Woods raised their price objective on shares of Federal Agricultural Mortgage from $228.00 to $255.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Zacks Research cut shares of Federal Agricultural Mortgage from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $255.00.

Federal Agricultural Mortgage Profile

Federal Agricultural Mortgage Corporation, known as Farmer Mac, operates a secondary market that helps provide liquidity to lenders serving U.S. agriculture and rural communities. Established by Congress under the Agricultural Credit Act of 1987, the company purchases eligible loans and provides guarantees and other financing solutions to lending institutions. Farmer Mac’s offerings support loans for farms and ranches, rural utilities and infrastructure, and other eligible rural borrowers. Its programs also include financing tied to USDA-guaranteed loans.