KLP Kapitalforvaltning AS Takes $394,000 Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

KLP Kapitalforvaltning AS bought a new position in Federal Agricultural Mortgage Co. (NYSE:AGM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,000 shares of the credit services provider’s stock, valued at approximately $394,000.

A number of other large investors have also added to or reduced their stakes in AGM. Parkside Financial Bank & Trust grew its position in shares of Federal Agricultural Mortgage by 7.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider’s stock valued at $198,000 after acquiring an additional 66 shares during the period. Westover Capital Advisors LLC lifted its position in Federal Agricultural Mortgage by 1.2% during the fourth quarter. Westover Capital Advisors LLC now owns 6,507 shares of the credit services provider’s stock valued at $1,282,000 after purchasing an additional 75 shares in the last quarter. Blue Trust Inc. bought a new stake in Federal Agricultural Mortgage during the fourth quarter valued at about $25,000. Valmark Advisers Inc. grew its holdings in Federal Agricultural Mortgage by 1.6% during the fourth quarter. Valmark Advisers Inc. now owns 8,626 shares of the credit services provider’s stock valued at $1,699,000 after purchasing an additional 136 shares during the period. Finally, Avantax Advisory Services Inc. raised its stake in shares of Federal Agricultural Mortgage by 4.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,475 shares of the credit services provider’s stock worth $684,000 after buying an additional 150 shares during the period. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Trading Down 1.9 %

AGM stock opened at $175.18 on Friday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. Federal Agricultural Mortgage Co. has a twelve month low of $169.17 and a twelve month high of $217.60. The firm’s fifty day simple moving average is $196.62 and its two-hundred day simple moving average is $196.11. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.46. The firm 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 period in the previous year, the firm earned $4.10 earnings per share. As a group, analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.43%. The ex-dividend date was Friday, March 14th. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.47%.

Insider Transactions at Federal Agricultural Mortgage

In related news, Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total value of $513,025.00. Following the completion of the transaction, the director now directly owns 8,644 shares of the company’s stock, valued at $1,773,835.24. This trade represents a 22.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert G. Sexton acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $195.62 per share, for a total transaction of $195,620.00. Following the completion of the acquisition, the director now directly owns 13,517 shares of the company’s stock, valued at approximately $2,644,195.54. The trade was a 7.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.