Federal Agricultural Mortgage Co. (NYSE:AGM) Stock Holdings Cut by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 30.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,252 shares of the credit services provider’s stock after selling 977 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Federal Agricultural Mortgage were worth $444,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of AGM. Blue Trust Inc. acquired a new position in Federal Agricultural Mortgage during the fourth quarter worth about $25,000. Point72 DIFC Ltd boosted its position in shares of Federal Agricultural Mortgage by 180.0% during the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock valued at $68,000 after purchasing an additional 234 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Federal Agricultural Mortgage in the 4th quarter worth approximately $100,000. Parkside Financial Bank & Trust raised its holdings in shares of 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 purchasing an additional 66 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Federal Agricultural Mortgage during the fourth quarter valued at approximately $209,000. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Down 1.9 %

Shares of Federal Agricultural Mortgage stock opened at $175.18 on Friday. 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 12-month low of $169.17 and a 12-month high of $217.60. The firm has a market capitalization of $1.91 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. The stock’s fifty day moving average is $196.62 and its 200-day moving average is $196.18.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data 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. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. The company had revenue of $101.26 million during the quarter, compared to analyst estimates of $92.81 million. During the same period in the prior year, the firm earned $4.10 earnings per share. Equities analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.50 dividend. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. The ex-dividend date was Friday, March 14th. This represents a $6.00 dividend on an annualized basis and a yield of 3.43%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 36.47%.

Insiders Place Their Bets

In other news, Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction that occurred on 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 $1,773,835.24. This represents a 22.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aparna Ramesh sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total transaction of $201,860.00. Following the transaction, the chief financial officer now directly owns 9,242 shares in the company, valued at $1,865,590.12. The trade was 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.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price target on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company 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.