Captrust Financial Advisors Acquires 28,215 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Captrust Financial Advisors increased its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 255,198 shares of the credit services provider's stock after acquiring an additional 28,215 shares during the quarter. Captrust Financial Advisors owned about 2.35% of Federal Agricultural Mortgage worth $50,261,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Barclays PLC raised its position in shares of Federal Agricultural Mortgage by 181.7% during the third quarter. Barclays PLC now owns 18,172 shares of the credit services provider's stock valued at $3,405,000 after buying an additional 11,721 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Federal Agricultural Mortgage by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider's stock worth $59,911,000 after acquiring an additional 29,917 shares during the period. Ellsworth Advisors LLC grew its holdings in shares of Federal Agricultural Mortgage by 6.8% during the 4th quarter. Ellsworth Advisors LLC now owns 3,817 shares of the credit services provider's stock worth $752,000 after purchasing an additional 243 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Federal Agricultural Mortgage during the fourth quarter valued at approximately $209,000. Finally, Copeland Capital Management LLC raised its stake in shares of Federal Agricultural Mortgage by 2.5% in the fourth quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider's stock valued at $58,654,000 after purchasing an additional 7,283 shares in the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Mitchell A. Johnson sold 2,500 shares of the business's stock in a transaction dated 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 approximately $1,773,835.24. The trade was a 22.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert G. Sexton bought 1,000 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $195.62 per share, for a total transaction of $195,620.00. Following the completion of the transaction, the director now directly owns 13,517 shares of the company's stock, valued at $2,644,195.54. This represents a 7.99 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.21% of the company's stock.

Federal Agricultural Mortgage Price Performance

Shares of Federal Agricultural Mortgage stock traded up $8.46 during midday trading on Friday, hitting $185.74. 54,565 shares of the company were exchanged, compared to its average volume of 43,843. The firm has a 50 day simple moving average of $182.16 and a 200-day simple moving average of $194.03. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market cap of $2.02 billion, a P/E ratio of 11.29, a PEG ratio of 1.69 and a beta of 0.97. Federal Agricultural Mortgage Co. has a 52 week low of $159.64 and a 52 week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its earnings results on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $94.33 million. Research analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was 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 yield of 3.23%. Federal Agricultural Mortgage's dividend payout ratio is 36.47%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their price objective on shares of 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.

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.