Sanctuary Advisors LLC Buys 441 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Sanctuary Advisors LLC increased its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,132 shares of the credit services provider’s stock after acquiring an additional 441 shares during the quarter. Sanctuary Advisors LLC’s holdings in Federal Agricultural Mortgage were worth $2,619,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of AGM. Blue Trust Inc. bought a new stake in shares of Federal Agricultural Mortgage during the 4th quarter worth about $25,000. Point72 DIFC Ltd boosted its holdings in shares of Federal Agricultural Mortgage by 180.0% during the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock worth $68,000 after buying an additional 234 shares during the period. US Bancorp DE boosted its holdings in shares of Federal Agricultural Mortgage by 7.3% during the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock worth $207,000 after buying an additional 75 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of Federal Agricultural Mortgage during the 4th quarter worth about $209,000. Finally, Moors & Cabot Inc. boosted its holdings in shares of Federal Agricultural Mortgage by 7.8% during the 3rd quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider’s stock worth $237,000 after buying an additional 92 shares during the period. Institutional investors own 68.03% of the company’s stock.

Insiders Place Their Bets

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of Federal Agricultural Mortgage stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $213.37, for a total value of $1,082,426.01. Following the completion of the sale, the chief executive officer now owns 41,104 shares in the company, valued at $8,770,360.48. The trade was a 10.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.58% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of AGM stock opened at $208.22 on Friday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.59 and a beta of 1.08. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The company has a 50-day simple moving average of $196.77 and a 200 day simple moving average of $194.42. Federal Agricultural Mortgage Co. has a 52 week low of $169.17 and a 52 week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.46. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. The business had revenue of $101.26 million during the quarter, compared to analysts’ expectations of $92.81 million. During the same quarter in the previous year, the company earned $4.10 EPS. On average, sell-side analysts predict that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.50 dividend. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. This represents a $6.00 annualized dividend and a yield of 2.88%. Federal Agricultural Mortgage’s payout ratio is 36.01%.

About Federal Agricultural Mortgage

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.