BNP Paribas Financial Markets Has $242,000 Stock Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

BNP Paribas Financial Markets lowered its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 79.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,230 shares of the credit services provider's stock after selling 4,820 shares during the period. BNP Paribas Financial Markets' holdings in Federal Agricultural Mortgage were worth $242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AGM. Thrivent Financial for Lutherans raised its stake in Federal Agricultural Mortgage by 1,589.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider's stock valued at $70,114,000 after acquiring an additional 334,928 shares during the period. Raymond James Financial Inc. bought a new stake in Federal Agricultural Mortgage in the 4th quarter valued at $28,914,000. American Century Companies Inc. raised its stake in Federal Agricultural Mortgage by 10.9% in the 4th quarter. American Century Companies Inc. now owns 220,261 shares of the credit services provider's stock valued at $43,380,000 after acquiring an additional 21,670 shares during the period. Boston Partners raised its stake in Federal Agricultural Mortgage by 3.8% in the 4th quarter. Boston Partners now owns 415,716 shares of the credit services provider's stock valued at $81,813,000 after acquiring an additional 15,140 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Federal Agricultural Mortgage by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider's stock valued at $65,777,000 after acquiring an additional 14,274 shares during the period. Institutional investors own 68.03% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $215.00 price target (down previously from $230.00) on shares of Federal Agricultural Mortgage in a research note on Monday, May 12th.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, CFO Aparna Ramesh sold 1,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was 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 $1,865,590.12. This represents a 9.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sara Louise Faivre-Davis sold 350 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $192.26, for a total value of $67,291.00. Following the completion of the transaction, the director now directly owns 1,751 shares in the company, valued at approximately $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 own 2.20% of the company's stock.

Federal Agricultural Mortgage Stock Performance

AGM traded down $0.39 during trading hours on Monday, reaching $186.03. The company's stock had a trading volume of 148,665 shares, compared to its average volume of 44,578. Federal Agricultural Mortgage Co. has a 52 week low of $159.64 and a 52 week high of $217.60. The company's 50-day moving average is $180.28 and its 200-day moving average is $193.08. 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 firm has a market cap of $2.03 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.69 and a beta of 0.97.

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

Federal Agricultural Mortgage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Monday, June 16th. Federal Agricultural Mortgage's dividend payout ratio is 37.08%.

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.