NBC Securities Inc. Raises Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

NBC Securities Inc. lifted its stake in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 151,400.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,515 shares of the credit services provider's stock after purchasing an additional 1,514 shares during the period. NBC Securities Inc.'s holdings in Federal Agricultural Mortgage were worth $284,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. purchased a new stake in Federal Agricultural Mortgage in the fourth quarter worth about $25,000. Versant Capital Management Inc bought a new stake in shares of Federal Agricultural Mortgage during the 1st quarter valued at $54,000. Venturi Wealth Management LLC purchased a new position in shares of Federal Agricultural Mortgage during the 4th quarter valued at $100,000. Parkside Financial Bank & Trust boosted its holdings in Federal Agricultural Mortgage by 7.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider's stock worth $198,000 after buying an additional 66 shares during the period. Finally, Pictet Asset Management Holding SA bought a new position in Federal Agricultural Mortgage in the 4th quarter worth $208,000. 68.03% of the stock is owned by institutional investors.

Federal Agricultural Mortgage Price Performance

NYSE AGM traded up $7.68 during trading hours on Friday, reaching $191.96. The company's stock had a trading volume of 428,634 shares, compared to its average volume of 50,036. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a 1 year low of $159.64 and a 1 year high of $217.60. The firm's 50-day moving average price is $180.21 and its 200-day moving average price is $192.70. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.69 and a beta of 0.99.

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

Federal Agricultural Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, June 16th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.13%. Federal Agricultural Mortgage's payout ratio is 37.08%.

Analyst Ratings Changes

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

Insider Transactions at Federal Agricultural Mortgage

In related news, Director Sara Louise Faivre-Davis sold 350 shares of the business'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 sale, the director now owns 1,751 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert G. Sexton purchased 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $195.62 per share, for a total transaction of $195,620.00. Following the purchase, the director now owns 13,517 shares of the company's stock, valued at $2,644,195.54. This represents a 7.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.20% of the company's stock.

Federal Agricultural Mortgage Company 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.