Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 333,975 shares of the credit services provider’s stock after purchasing an additional 14,274 shares during the quarter. Principal Financial Group Inc. owned about 3.07% of Federal Agricultural Mortgage worth $65,777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Copeland Capital Management LLC increased its position in Federal Agricultural Mortgage by 2.5% in the 4th quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider’s stock valued at $58,654,000 after acquiring an additional 7,283 shares during the period. Captrust Financial Advisors grew its stake in shares of Federal Agricultural Mortgage by 10.0% in the third quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider’s stock worth $42,539,000 after purchasing an additional 20,603 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Federal Agricultural Mortgage by 5.9% during the third quarter. Wellington Management Group LLP now owns 182,569 shares of the credit services provider’s stock valued at $34,215,000 after purchasing an additional 10,194 shares during the period. Rice Hall James & Associates LLC raised its stake in shares of Federal Agricultural Mortgage by 10.6% during the third quarter. Rice Hall James & Associates LLC now owns 172,129 shares of the credit services provider’s stock valued at $32,259,000 after purchasing an additional 16,487 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Federal Agricultural Mortgage by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider’s stock worth $20,145,000 after purchasing an additional 6,444 shares during the period. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Down 0.8 %

Federal Agricultural Mortgage stock opened at $197.78 on Thursday. The company’s 50-day moving average price is $197.14 and its two-hundred day moving average price is $194.15. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.62 and a beta of 1.08. Federal Agricultural Mortgage Co. has a 52 week low of $169.17 and a 52 week high of $217.60. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the completion of the transaction, the chief executive officer now directly owns 41,104 shares of the company’s stock, valued at approximately $8,770,360.48. This trade represents a 10.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.58% of the company’s stock.

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: 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.