Algert Global LLC purchased a new position in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,786 shares of the credit services provider's stock, valued at approximately $352,000.
Several other institutional investors have also added to or reduced their stakes in AGM. Blue Trust Inc. acquired a new stake in Federal Agricultural Mortgage in the fourth quarter worth about $25,000. Venturi Wealth Management LLC acquired a new position in shares of Federal Agricultural Mortgage in the 4th quarter valued at $100,000. Parkside Financial Bank & Trust increased its position in shares of Federal Agricultural Mortgage by 7.0% in 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. Pictet Asset Management Holding SA acquired a new position in shares of Federal Agricultural Mortgage in the 4th quarter valued at $208,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Federal Agricultural Mortgage in the 4th quarter valued at $209,000. Institutional investors and hedge funds own 68.03% of the company's stock.
Federal Agricultural Mortgage Stock Performance
Shares of NYSE AGM traded down $2.46 during mid-day trading on Friday, hitting $194.06. The stock had a trading volume of 53,294 shares, compared to its average volume of 44,129. 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 moving average of $181.76 and a two-hundred day moving average of $194.41. Federal Agricultural Mortgage Co. has a twelve month low of $159.64 and a twelve month high of $217.60. The firm has a market cap of $2.12 billion, a PE ratio of 11.80, a PEG ratio of 1.69 and a beta of 0.97.
Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The credit services provider reported $4.19 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.19. The company had revenue of $96.79 million for the quarter, compared to the consensus estimate of $94.33 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. Research analysts predict that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.
Federal Agricultural Mortgage Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Monday, June 16th. Federal Agricultural Mortgage's payout ratio is currently 37.08%.
Insider Transactions at Federal Agricultural Mortgage
In related news, CFO Aparna Ramesh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total value of $201,860.00. Following the transaction, the chief financial officer now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sara Louise Faivre-Davis sold 350 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $192.26, for a total transaction of $67,291.00. Following the completion of the transaction, the director now directly owns 1,751 shares in the company, valued at $336,647.26. This represents a 16.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,850 shares of company stock valued at $782,176 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $215.00 target price (down from $230.00) on shares of Federal Agricultural Mortgage in a research report on Monday, May 12th.
Check Out Our Latest Stock Analysis on AGM
Federal Agricultural Mortgage Company Profile
(
Free Report)
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.
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