Empowered Funds LLC has announced that it has expanded its holdings in Federal Agricultural Mortgage Co. by 9.3%, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund added 914 shares over the last quarter, bringing their total to 10,693 shares. Empowered Funds LLC now owns 0.10% of Federal Agricultural Mortgage with an estimated worth of $1,424,000 reported in their most recent SEC filing.
On May 11th Director Everett M. Dobrinski acquired 582 shares of AGM stock for a total value of $74,641.50 at an average price of $128.25 per share in a legal transaction disclosed to the SEC. Following this acquisition, Dobrinski now directly holds approximately $821,697 worth of shares or 6,407 shares in total for AGM.
On June 15th Executive Vice President Zachary Carpenter sold off a total of 486 shares at an average price of $149.10 per share for a total value of $72,462.60 and currently retains 8,716 shares valued at approximately $1,299,555.
Corporate insiders have sold off a total amount of 3,214 shares over the last quarter valued at $473,815 with corporate insiders retaining only 2.58% stake in the company.
The market cap for AGM currently stands at $1.61 billion with shares opening on Monday at $148.50 per share maintaining its high market value due to increased investments from investment figures like Empowered Funds LLC.
Investors are encouraged by these reports and analysts predict bullish returns as buying activity increases amongst directors and executives.
[bs_slider_forecast ticker=”AGM”]
Federal Agricultural Mortgage Attracts Institutional Investors with Strong Financial Performance and Upgraded Ratings
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”AGM” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Federal Agricultural Mortgage (NYSE:AGM) has caught the attention of institutional investors, with JPMorgan Chase & Co. increasing its position by 213.5%. The credit services provider saw several hedge funds and other institutional investors purchasing and selling shares, including Fortis Capital Advisors LLC, Copeland Capital Management LLC, Eagle Asset Management Inc., and Charles Schwab Investment Management Inc. holding stakes in the company, indicating confidence in Federal Agricultural Mortgage’s financial performance. The strong investor interest is reflected in the company’s recent earnings report that showed an EPS of $3.56 for Q1 2017, exceeding analysts’ expectations by $0.60.The company’s net margin of 18.83% indicates efficient management of operations amid potentially adverse market conditions. Furthermore, the firm declared a dividend payout ratio (DPR) of 31.81%, allowing shareholders to earn a dividend yield of 2.96%. Also noteworthy is director Everett M Dobrinski’s purchase of 582 shares at $128.25 per share for a total transaction of $74,641 on May 11th this year as well as executive vice president Zachary Carpenter selling off some of his holdings mid-June, which raises eyebrows regarding his faith in long-term sustaining momentum though rates remain overwhelmingly positive over both acquisitions and sales reported so far this year.
Sidoti also upgraded Federal Agricultural Mortgage from “neutral” to “buy” status while StockNews.com had previously issued a “hold” rating on the stock. These ratings may reflect differing opinions on the predictability of Federal Agricultural Mortgage’s performance given current market scenarios and indicate that further industry-specific analysis is necessary before arriving at a final decision on investment.
Established in 1987 as part of Congress’ objective to provide sound and viable credit opportunities for farmers and rural communities across America through banks sponsoring or making loans for those purposes.Investors should take all factors into account (especially possible fluctuations in commodity prices) before committing to investment in this unique market player.
