Pullen Investment Management LLC Has $3.15 Million Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Pullen Investment Management LLC increased its stake in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 29.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,013 shares of the credit services provider's stock after acquiring an additional 3,597 shares during the period. Federal Agricultural Mortgage makes up approximately 2.1% of Pullen Investment Management LLC's investment portfolio, making the stock its 9th biggest position. Pullen Investment Management LLC owned approximately 0.15% of Federal Agricultural Mortgage worth $3,154,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. acquired a new stake in Federal Agricultural Mortgage in the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC acquired a new stake in shares of Federal Agricultural Mortgage in the fourth quarter valued at $100,000. Parkside Financial Bank & Trust lifted its holdings in shares of Federal Agricultural Mortgage by 7.0% in 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 period. Pictet Asset Management Holding SA acquired a new position in Federal Agricultural Mortgage during the fourth quarter worth about $208,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Federal Agricultural Mortgage in the fourth quarter worth about $209,000. 68.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Sara Louise Faivre-Davis sold 350 shares of Federal Agricultural Mortgage stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $192.26, for a total transaction of $67,291.00. Following the completion of the sale, the director now owns 1,751 shares of the company's stock, valued at approximately $336,647.26. This trade represents a 16.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $201,860.00. Following the completion of the sale, the chief financial officer now owns 9,242 shares of the company's stock, valued at $1,865,590.12. This represents a 9.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.21% of the company's stock.

Federal Agricultural Mortgage Price Performance

Shares of NYSE AGM traded down $1.19 during mid-day trading on Friday, reaching $187.59. The company had a trading volume of 23,664 shares, compared to its average volume of 44,188. The company has a 50-day moving average price of $180.55 and a two-hundred day moving average price of $193.61. The stock has a market cap of $2.05 billion, a PE ratio of 11.41, a P/E/G ratio of 1.69 and a beta of 0.97. 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 Co. has a 1-year low of $159.64 and a 1-year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, beating the consensus estimate of $4.00 by $0.19. The business 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%. On average, equities analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

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

Analyst Ratings Changes

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

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.