Robeco Institutional Asset Management B.V. Has $215,000 Stake in Federal Agricultural Mortgage Corp. (AGM)

Robeco Institutional Asset Management B.V. grew its stake in Federal Agricultural Mortgage Corp. (NYSE:AGM) by 100.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,654 shares of the credit services provider’s stock after purchasing an additional 1,327 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Federal Agricultural Mortgage were worth $215,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AGM. Boston Advisors LLC bought a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter valued at approximately $3,771,000. Renaissance Technologies LLC lifted its stake in shares of Federal Agricultural Mortgage by 11.8% in the 2nd quarter. Renaissance Technologies LLC now owns 253,300 shares of the credit services provider’s stock valued at $22,665,000 after purchasing an additional 26,800 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Federal Agricultural Mortgage by 3.0% in the 2nd quarter. BlackRock Inc. now owns 889,665 shares of the credit services provider’s stock valued at $79,608,000 after purchasing an additional 26,107 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in shares of Federal Agricultural Mortgage by 621.0% in the 2nd quarter. Rice Hall James & Associates LLC now owns 25,292 shares of the credit services provider’s stock valued at $2,263,000 after purchasing an additional 21,784 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Federal Agricultural Mortgage by 20.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 84,277 shares of the credit services provider’s stock valued at $7,542,000 after purchasing an additional 14,499 shares during the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

NYSE:AGM opened at $75.16 on Friday. Federal Agricultural Mortgage Corp. has a 1 year low of $64.69 and a 1 year high of $99.11. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $775.17 million, a PE ratio of 10.31 and a beta of 1.14.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Thursday, November 8th. The credit services provider reported $2.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.05. Federal Agricultural Mortgage had a return on equity of 15.02% and a net margin of 20.06%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Thursday, December 13th.

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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: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans.

Further Reading: Calculate Your Return on Investment (ROI)

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Institutional Ownership by Quarter for Federal Agricultural Mortgage (NYSE:AGM)

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