Invesco Ltd. Lowers Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Invesco Ltd. cut its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,607 shares of the credit services provider's stock after selling 1,651 shares during the period. Invesco Ltd. owned 0.32% of Federal Agricultural Mortgage worth $6,816,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Boston Partners grew its stake in Federal Agricultural Mortgage by 3.8% in the 4th quarter. Boston Partners now owns 415,716 shares of the credit services provider's stock valued at $81,813,000 after buying an additional 15,140 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Federal Agricultural Mortgage by 1,589.4% during the fourth 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 in the last quarter. Principal Financial Group Inc. lifted its stake in Federal Agricultural Mortgage by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider's stock valued at $65,777,000 after purchasing an additional 14,274 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in shares of Federal Agricultural Mortgage by 2.5% during the 4th quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider's stock valued at $58,654,000 after acquiring an additional 7,283 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Federal Agricultural Mortgage by 10.9% during the fourth quarter. American Century Companies Inc. now owns 220,261 shares of the credit services provider's stock worth $43,380,000 after purchasing an additional 21,670 shares during the last quarter. Institutional investors own 68.03% of the company's stock.

Insiders Place Their Bets

In other news, Director Robert G. Sexton bought 1,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $195.62 per share, with a total value of $195,620.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total transaction of $513,025.00. Following the transaction, the director now owns 8,644 shares in the company, valued at $1,773,835.24. This represents a 22.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.58% of the company's stock.

Federal Agricultural Mortgage Stock Down 0.9 %

Federal Agricultural Mortgage stock traded down $1.55 during midday trading on Wednesday, hitting $174.82. 51,091 shares of the stock were exchanged, compared to its average volume of 44,453. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. The business's 50-day moving average price is $185.97 and its 200-day moving average price is $194.43. Federal Agricultural Mortgage Co. has a 52-week low of $159.64 and a 52-week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.17 by $0.46. The business had revenue of $101.26 million for the quarter, compared to analysts' expectations of $92.81 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. During the same quarter in the prior year, the firm earned $4.10 earnings per share. On average, research analysts expect that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.43%. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is presently 36.47%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their price target on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a "market perform" rating in a report on Monday, February 24th.

About Federal Agricultural Mortgage

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.