Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,725 shares of the credit services provider’s stock after acquiring an additional 668 shares during the quarter. Rhumbline Advisers owned about 0.14% of Federal Agricultural Mortgage worth $2,900,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AGM. Atria Investments Inc lifted its position in Federal Agricultural Mortgage by 0.7% in the 3rd quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider’s stock valued at $1,637,000 after purchasing an additional 57 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Federal Agricultural Mortgage by 1.8% in the third quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock valued at $724,000 after purchasing an additional 70 shares during the period. US Bancorp DE raised its holdings in shares of Federal Agricultural Mortgage by 7.3% during the third quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock valued at $207,000 after buying an additional 75 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of Federal Agricultural Mortgage by 7.8% during the third 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. Finally, Blue Trust Inc. bought a new position in Federal Agricultural Mortgage in the 4th quarter worth approximately $25,000. Institutional investors own 68.03% of the company’s stock.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage 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 value of $513,025.00. Following the completion of the sale, the director now directly owns 8,644 shares in the company, 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, CEO Bradford T. Nordholm sold 5,073 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $213.37, for a total value of $1,082,426.01. Following the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

Wall Street Analyst Weigh In

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 Stock Performance

AGM stock opened at $209.13 on Friday. The company has a 50-day simple moving average of $196.94 and a 200 day simple moving average of $195.39. The company has a market capitalization of $2.28 billion, a P/E ratio of 12.71, a PEG ratio of 1.69 and a beta of 1.08. 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 fifty-two week low of $169.17 and a fifty-two week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $4.10 EPS. Sell-side analysts predict 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 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. The ex-dividend date is Friday, March 14th. This is a positive change 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 2.87%. Federal Agricultural Mortgage’s payout ratio is 36.47%.

Federal Agricultural Mortgage 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.