Northern Trust Corp Has $25.58 Million Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Northern Trust Corp raised its stake in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,874 shares of the credit services provider's stock after acquiring an additional 7,593 shares during the quarter. Northern Trust Corp owned about 1.19% of Federal Agricultural Mortgage worth $25,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the stock. Boston Partners lifted its stake in shares of 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 purchasing an additional 15,140 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Federal Agricultural Mortgage by 1,589.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider's stock valued at $70,114,000 after buying an additional 334,928 shares during the period. Principal Financial Group Inc. increased 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 purchasing an additional 14,274 shares in the last quarter. Copeland Capital Management LLC grew its holdings in shares of Federal Agricultural Mortgage by 2.5% during the fourth quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider's stock worth $58,654,000 after buying an additional 7,283 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Federal Agricultural Mortgage by 10.9% in the fourth quarter. American Century Companies Inc. now owns 220,261 shares of the credit services provider's stock valued at $43,380,000 after purchasing an additional 21,670 shares during the last quarter. Institutional investors own 68.03% of the company's stock.

Insider Activity

In related news, CFO Aparna Ramesh sold 1,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $201.86, for a total value of $201,860.00. Following the completion of the sale, the chief financial officer now directly owns 9,242 shares in the company, valued at $1,865,590.12. This represents a 9.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total value of $513,025.00. Following the completion of the sale, the director now directly owns 8,644 shares of the company's stock, valued at approximately $1,773,835.24. The trade was a 22.43% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company's stock.

Federal Agricultural Mortgage Stock Performance

Shares of AGM traded up $0.68 during trading hours on Thursday, hitting $196.33. The company had a trading volume of 28,947 shares, compared to its average volume of 43,868. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.69 and a beta of 0.97. 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 has a fifty day moving average of $181.61 and a 200-day moving average of $194.15. Federal Agricultural Mortgage Co. has a 12 month low of $159.64 and a 12 month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The credit services provider reported $4.19 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.19. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. The business had revenue of $96.79 million during the quarter, compared to analysts' expectations of $94.33 million. Equities analysts anticipate 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. Shareholders of record on Friday, March 14th were paid a dividend of $1.50 per share. The ex-dividend date was Friday, March 14th. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 3.06%. Federal Agricultural Mortgage's dividend payout ratio is presently 37.08%.

Wall Street Analysts Forecast Growth

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 research report on Monday.

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.