Bridgeway Capital Management LLC Has $13.92 Million Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Bridgeway Capital Management LLC boosted its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,678 shares of the credit services provider's stock after acquiring an additional 1,620 shares during the quarter. Bridgeway Capital Management LLC owned about 0.65% of Federal Agricultural Mortgage worth $13,920,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AGM. Thrivent Financial for Lutherans increased its holdings in Federal Agricultural Mortgage by 1,589.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider's stock valued at $70,114,000 after buying an additional 334,928 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at approximately $28,914,000. Principal Financial Group Inc. boosted its position in shares of Federal Agricultural Mortgage by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider's stock worth $59,911,000 after purchasing an additional 29,917 shares in the last quarter. Captrust Financial Advisors increased its holdings in Federal Agricultural Mortgage by 12.4% in the fourth quarter. Captrust Financial Advisors now owns 255,198 shares of the credit services provider's stock valued at $50,261,000 after buying an additional 28,215 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Federal Agricultural Mortgage by 10.9% during the fourth quarter. American Century Companies Inc. now owns 220,261 shares of the credit services provider's stock worth $43,380,000 after purchasing an additional 21,670 shares during the last quarter. Institutional investors and hedge funds own 68.03% of the company's stock.

Insider Transactions at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Robert G. Sexton acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $195.62 per share, with a total value of $195,620.00. Following the transaction, the director now directly owns 13,517 shares in the company, valued at approximately $2,644,195.54. This represents a 7.99 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mitchell A. Johnson sold 2,500 shares of the firm's 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 completion of the sale, the director now directly owns 8,644 shares in the company, valued at approximately $1,773,835.24. This trade represents a 22.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.21% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised 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 Trading Up 4.8 %

Shares of NYSE AGM traded up $8.46 on Friday, reaching $185.74. 54,565 shares of the company traded hands, compared to its average volume of 43,843. The stock has a market capitalization of $2.02 billion, a PE ratio of 11.29, a P/E/G ratio of 1.69 and a beta of 0.97. The company has a 50 day moving average of $182.16 and a 200 day moving average of $194.03. Federal Agricultural Mortgage Co. has a fifty-two week low of $159.64 and a fifty-two week high of $217.60. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The credit services provider reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.19. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. The company had revenue of $96.79 million during the quarter, compared to analyst estimates of $94.33 million. On average, equities research analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.23%. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. The ex-dividend date was Friday, March 14th. Federal Agricultural Mortgage's payout ratio is presently 36.47%.

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.