Millennium Management LLC Boosts Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Millennium Management LLC lifted its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 38.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,630 shares of the credit services provider's stock after acquiring an additional 8,791 shares during the quarter. Millennium Management LLC owned 0.29% of Federal Agricultural Mortgage worth $6,230,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 350 shares of the stock in a transaction that occurred 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 sale, the director now owns 1,751 shares of the company's stock, valued at $336,647.26. This represents a 16.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert G. Sexton purchased 1,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $195.62 per share, with a total value of $195,620.00. Following the purchase, the director now owns 13,517 shares in the company, valued at approximately $2,644,195.54. This trade represents a 7.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is owned by insiders.

Federal Agricultural Mortgage Price Performance

Shares of AGM traded down $1.27 during mid-day trading on Friday, hitting $187.51. 52,134 shares of the company were exchanged, compared to its average volume of 44,161. Federal Agricultural Mortgage Co. has a 1-year low of $159.64 and a 1-year high of $217.60. 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 company has a 50 day moving average of $180.42 and a 200-day moving average of $193.22. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 1.69 and a beta of 0.97.

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 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.19. The company had revenue of $96.79 million during the quarter, compared to the consensus estimate of $94.33 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. Analysts expect that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm 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. 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 payout ratio is 37.08%.

Wall Street Analysts Forecast Growth

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

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.