Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,751 shares of the credit services provider's stock, valued at approximately $3,102,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Federal Agricultural Mortgage at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Boston Partners grew its holdings in Federal Agricultural Mortgage by 3.8% during the 4th quarter. Boston Partners now owns 415,716 shares of the credit services provider's stock worth $81,813,000 after acquiring an additional 15,140 shares during the period. Thrivent Financial for Lutherans grew its holdings in Federal Agricultural Mortgage by 1,589.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider's stock worth $70,114,000 after acquiring an additional 334,928 shares during the period. Principal Financial Group Inc. grew its holdings in Federal Agricultural Mortgage by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider's stock worth $65,777,000 after acquiring an additional 14,274 shares during the period. Captrust Financial Advisors grew its holdings in Federal Agricultural Mortgage by 12.4% during the 4th quarter. Captrust Financial Advisors now owns 255,198 shares of the credit services provider's stock worth $50,261,000 after acquiring an additional 28,215 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of 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 buying an additional 21,670 shares during the period. Institutional investors and hedge funds own 68.03% of the company's stock.

Insiders Place Their Bets

In other news, Director Sara Louise Faivre-Davis sold 350 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $192.26, for a total transaction of $67,291.00. Following the transaction, the director now directly owns 1,751 shares in the company, valued at $336,647.26. The trade was a 16.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert G. Sexton purchased 1,000 shares of the firm's stock in a transaction that occurred 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 purchase, the director now owns 13,517 shares in the company, valued at $2,644,195.54. The trade was a 7.99% increase in their position. The disclosure for this purchase can be found here. Insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

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

Federal Agricultural Mortgage Stock Up 4.2%

AGM traded up $7.68 during trading on Friday, hitting $191.96. The company had a trading volume of 428,634 shares, compared to its average volume of 50,006. The company has a market capitalization of $2.10 billion, a PE ratio of 11.67, a PEG ratio of 1.69 and a beta of 0.99. Federal Agricultural Mortgage Co. has a one year low of $159.64 and a one year high of $217.60. The firm's 50-day moving average price is $180.21 and its 200 day moving average price is $192.77. 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 (NYSE:AGM - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $94.33 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. As a group, equities analysts expect 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 annualized dividend and a yield of 3.13%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is presently 37.08%.

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.