Sei Investments Co. Has $2.60 Million Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Sei Investments Co. decreased its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,174 shares of the credit services provider’s stock after selling 72 shares during the quarter. Sei Investments Co. owned about 0.12% of Federal Agricultural Mortgage worth $2,595,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in shares of Federal Agricultural Mortgage by 7.0% in the fourth 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 raised its stake in Federal Agricultural Mortgage by 1.2% in the 4th quarter. Westover Capital Advisors LLC now owns 6,507 shares of the credit services provider’s stock worth $1,282,000 after purchasing an additional 75 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth approximately $25,000. Valmark Advisers Inc. grew its position in shares of Federal Agricultural Mortgage by 1.6% during the 4th quarter. Valmark Advisers Inc. now owns 8,626 shares of the credit services provider’s stock worth $1,699,000 after purchasing an additional 136 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Federal Agricultural Mortgage by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,475 shares of the credit services provider’s stock worth $684,000 after purchasing an additional 150 shares during the period. Institutional investors own 68.03% of the company’s stock.

Insider Activity at Federal Agricultural Mortgage

In related news, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total value of $513,025.00. Following the transaction, the director now directly owns 8,644 shares of the company’s stock, valued at $1,773,835.24. The trade was a 22.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aparna Ramesh sold 1,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $201.86, for a total transaction of $201,860.00. Following the sale, the chief financial officer now owns 9,242 shares of the company’s stock, valued at approximately $1,865,590.12. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Federal Agricultural Mortgage Price Performance

AGM stock opened at $175.18 on Friday. The company’s 50-day moving average price is $196.62 and its two-hundred day moving average price is $196.11. The firm has a market cap of $1.91 billion, a P/E ratio of 10.65, a P/E/G ratio of 1.69 and a beta of 1.11. 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 Co. has a 12 month low of $169.17 and a 12 month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.46. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. The business had revenue of $101.26 million for the quarter, compared to analyst estimates of $92.81 million. During the same quarter last year, the business posted $4.10 EPS. On average, analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

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

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.