BNP Paribas Financial Markets Sells 4,820 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

BNP Paribas Financial Markets reduced its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 79.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,230 shares of the credit services provider's stock after selling 4,820 shares during the quarter. BNP Paribas Financial Markets' holdings in Federal Agricultural Mortgage were worth $242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. acquired a new position in Federal Agricultural Mortgage during the 4th quarter valued at about $25,000. Venturi Wealth Management LLC bought a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at approximately $100,000. Parkside Financial Bank & Trust boosted its position in shares of Federal Agricultural Mortgage by 7.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider's stock valued at $198,000 after buying an additional 66 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at approximately $208,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Federal Agricultural Mortgage during the fourth quarter worth $209,000. 68.03% of the stock is owned by institutional investors.

Federal Agricultural Mortgage Stock Down 0.7%

Shares of AGM traded down $1.27 during trading hours on Friday, reaching $187.51. 52,134 shares of the stock traded hands, compared to its average volume of 44,161. Federal Agricultural Mortgage Co. has a 52 week low of $159.64 and a 52 week high of $217.60. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.69 and a beta of 0.97. The stock has a fifty day simple moving average of $180.42 and a 200 day simple moving average of $193.32. 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 posted its earnings results on Friday, May 9th. The credit services provider reported $4.19 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 firm had revenue of $96.79 million for the quarter, compared to analysts' expectations 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.00 dividend on an annualized basis and a yield of 3.20%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is currently 37.08%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 350 shares of Federal Agricultural Mortgage stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $192.26, for a total value of $67,291.00. Following the sale, the director now owns 1,751 shares of the company's stock, valued at approximately $336,647.26. The trade was a 16.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert G. Sexton bought 1,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $195.62 per share, for a total transaction of $195,620.00. Following the completion of the purchase, the director now owns 13,517 shares of the company's stock, valued at approximately $2,644,195.54. The trade was a 7.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.21% of the company's stock.

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.