Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by Barnett & Company Inc.

Barnett & Company Inc. lowered its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 0.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,289 shares of the credit services provider’s stock after selling 75 shares during the quarter. Federal Agricultural Mortgage accounts for about 5.8% of Barnett & Company Inc.’s investment portfolio, making the stock its 2nd largest position. Barnett & Company Inc.’s holdings in Federal Agricultural Mortgage were worth $8,920,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AGM. Boston Partners increased its position in shares of Federal Agricultural Mortgage by 3.8% during the fourth quarter. Boston Partners now owns 415,716 shares of the credit services provider’s stock valued at $81,813,000 after purchasing an additional 15,140 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Federal Agricultural Mortgage by 1,589.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider’s stock worth $70,114,000 after acquiring an additional 334,928 shares during the period. Principal Financial Group Inc. boosted its position in shares of Federal Agricultural Mortgage by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider’s stock valued at $65,777,000 after acquiring an additional 14,274 shares in the last quarter. Copeland Capital Management LLC raised its position in Federal Agricultural Mortgage by 2.5% in the fourth quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider’s stock worth $58,654,000 after purchasing an additional 7,283 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Federal Agricultural Mortgage by 10.0% during 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 during the period. 68.03% of the stock is owned by institutional investors.

Federal Agricultural Mortgage Stock Down 0.7 %

AGM opened at $191.19 on Monday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.69 and a beta of 1.11. 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 firm’s 50-day simple moving average is $197.67 and its 200-day simple moving average is $196.03. Federal Agricultural Mortgage Co. has a twelve month low of $169.17 and a twelve month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last posted 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. The company had revenue of $101.26 million during the quarter, compared to analyst estimates of $92.81 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. During the same quarter last year, the business posted $4.10 earnings per share. Equities research analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.14%. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Friday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio is presently 36.47%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their target price on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a “market perform” rating in a report on Monday, February 24th.

Insider Activity at Federal Agricultural Mortgage

In other news, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total transaction of $513,025.00. Following the completion of the sale, the director now owns 8,644 shares in the company, valued at $1,773,835.24. The trade was a 22.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Aparna Ramesh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total transaction of $201,860.00. Following the completion of the transaction, the chief financial officer now owns 9,242 shares in the company, valued at $1,865,590.12. This represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by company insiders.

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.