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New York State Common Retirement Fund Has $2.49 Million Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

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New York State Common Retirement Fund cut its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 5.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,974 shares of the credit services provider’s stock after selling 1,301 shares during the period. New York State Common Retirement Fund owned approximately 0.21% of Federal Agricultural Mortgage worth $2,493,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its stake in shares of Federal Agricultural Mortgage by 2.8% in the third quarter. Victory Capital Management Inc. now owns 65,953 shares of the credit services provider’s stock valued at $7,157,000 after acquiring an additional 1,766 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Federal Agricultural Mortgage during the third quarter worth about $620,000. Schnieders Capital Management LLC acquired a new stake in Federal Agricultural Mortgage during the third quarter worth about $219,000. M&T Bank Corp grew its stake in Federal Agricultural Mortgage by 8.2% during the third quarter. M&T Bank Corp now owns 4,600 shares of the credit services provider’s stock worth $500,000 after buying an additional 350 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Federal Agricultural Mortgage during the third quarter worth about $326,000. Institutional investors and hedge funds own 65.00% of the company’s stock.

Separately, TheStreet upgraded shares of Federal Agricultural Mortgage from a “c” rating to a “b-” rating in a research note on Wednesday, November 3rd.

AGM stock opened at $127.67 on Monday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 12.90 and a beta of 1.00. The company has a current ratio of 0.45, a quick ratio of 0.44 and a debt-to-equity ratio of 1.44. Federal Agricultural Mortgage Co. has a 12 month low of $74.50 and a 12 month high of $137.01. The firm has a 50-day moving average price of $125.43 and a 200-day moving average price of $111.07.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, November 8th. The credit services provider reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.07). The company had revenue of $56.80 million during the quarter. Federal Agricultural Mortgage had a return on equity of 18.58% and a net margin of 28.63%.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Investors of record on Wednesday, December 15th were issued a $0.88 dividend. The ex-dividend date of this dividend was Tuesday, December 14th. This represents a $3.52 dividend on an annualized basis and a yield of 2.76%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 35.56%.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corp. is a stockholder-owned, federally chartered corporation, which engages in the provision of a secondary market for agricultural real estate and rural housing mortgage loans, rural utilities loans, and loans guaranteed by the United States Department of Agriculture. It combines private capital and public sponsorship to serve a public purpose.

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