Envestnet Asset Management Inc. Grows Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Envestnet Asset Management Inc. increased its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,816 shares of the credit services provider's stock after acquiring an additional 3,933 shares during the period. Envestnet Asset Management Inc. owned about 0.66% of Federal Agricultural Mortgage worth $14,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AGM. Wells Fargo & Company MN grew its stake in Federal Agricultural Mortgage by 11.1% in the 4th quarter. Wells Fargo & Company MN now owns 63,206 shares of the credit services provider's stock valued at $12,448,000 after purchasing an additional 6,317 shares during the period. Riverwater Partners LLC boosted its holdings in shares of Federal Agricultural Mortgage by 2.0% in the 4th quarter. Riverwater Partners LLC now owns 11,760 shares of the credit services provider's stock worth $2,316,000 after buying an additional 230 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in Federal Agricultural Mortgage during the fourth quarter valued at about $242,000. Pictet Asset Management Holding SA purchased a new stake in Federal Agricultural Mortgage during the fourth quarter worth about $208,000. Finally, JPMorgan Chase & Co. raised its position in Federal Agricultural Mortgage by 20.8% in the fourth quarter. JPMorgan Chase & Co. now owns 54,998 shares of the credit services provider's stock worth $10,832,000 after acquiring an additional 9,485 shares during the period. 68.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity 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 dated Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total transaction of $513,025.00. Following the completion of the transaction, the director now owns 8,644 shares of the company's stock, valued at $1,773,835.24. The trade was a 22.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert G. Sexton acquired 1,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $195.62 per share, with a total value 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 trade represents a 7.99 % increase in their position. The disclosure for this purchase can be found here. 2.58% of the stock is owned by company insiders.

Federal Agricultural Mortgage Stock Performance

Shares of AGM traded up $4.60 during mid-day trading on Tuesday, hitting $176.60. The stock had a trading volume of 40,659 shares, compared to its average volume of 44,465. Federal Agricultural Mortgage Co. has a 52 week low of $159.64 and a 52 week high of $217.60. 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 business has a fifty day moving average price of $188.85 and a 200-day moving average price of $194.82. The firm has a market cap of $1.92 billion, a P/E ratio of 10.74, a PEG ratio of 1.69 and a beta of 1.01.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.17 by $0.46. The business had revenue of $101.26 million for the quarter, compared to the consensus estimate 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 firm earned $4.10 earnings per share. On average, equities research analysts expect that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $1.50 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 3.40%. Federal Agricultural Mortgage's dividend payout ratio (DPR) 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.