Renaissance Technologies LLC Has $9.89 Million Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Renaissance Technologies LLC trimmed its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 36.0% during the 4th quarter, HoldingsChannel reports. The fund owned 50,200 shares of the credit services provider’s stock after selling 28,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Federal Agricultural Mortgage were worth $9,887,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AGM. Global Alpha Capital Management Ltd. increased its position in shares of Federal Agricultural Mortgage by 22.9% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 14,036 shares of the credit services provider’s stock valued at $2,764,000 after purchasing an additional 2,611 shares during the period. Proficio Capital Partners LLC bought a new stake in Federal Agricultural Mortgage in the 4th quarter valued at $2,289,000. Barclays PLC raised its stake in shares of Federal Agricultural Mortgage by 181.7% in the 3rd quarter. Barclays PLC now owns 18,172 shares of the credit services provider’s stock valued at $3,405,000 after buying an additional 11,721 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider’s stock worth $65,777,000 after acquiring an additional 14,274 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Federal Agricultural Mortgage during the 4th quarter valued at about $394,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Insider Transactions at Federal Agricultural Mortgage

In related news, Director Robert G. Sexton purchased 1,000 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $195.62 per share, for a total transaction of $195,620.00. Following the transaction, the director now directly owns 13,517 shares in the company, valued at approximately $2,644,195.54. This represents a 7.99 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mitchell A. Johnson sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total transaction of $513,025.00. Following the completion of the sale, the director now owns 8,644 shares of the company’s stock, valued at $1,773,835.24. The trade was a 22.43 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.58% of the company’s stock.

Federal Agricultural Mortgage Price Performance

Shares of AGM stock opened at $170.88 on Thursday. The stock’s fifty day simple moving average is $190.90 and its 200 day simple moving average is $195.01. Federal Agricultural Mortgage Co. has a one year low of $159.64 and a one year high of $217.60. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 1.69 and a beta of 1.01. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.17 by $0.46. The company had revenue of $101.26 million for the quarter, compared to the consensus estimate of $92.81 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. During the same quarter in the previous year, the company earned $4.10 EPS. On average, analysts expect that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.51%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. The ex-dividend date was Friday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.47%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their price target on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a “market perform” rating in a research report on Monday, February 24th.

Federal Agricultural Mortgage 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.