Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Bought by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC raised its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,293 shares of the credit services provider’s stock after buying an additional 282 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Federal Agricultural Mortgage were worth $649,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Blue Trust Inc. acquired a new stake in shares of Federal Agricultural Mortgage during the fourth quarter worth about $25,000. Venturi Wealth Management LLC acquired a new stake in shares of Federal Agricultural Mortgage during the fourth quarter worth about $100,000. Parkside Financial Bank & Trust lifted its position in shares of Federal Agricultural Mortgage by 7.0% during the fourth 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. Pictet Asset Management Holding SA acquired a new stake in shares of Federal Agricultural Mortgage during the fourth quarter worth about $208,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage during the fourth quarter worth about $209,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, CFO Aparna Ramesh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total value 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. This represents a 9.76% decrease in their ownership of the stock. The sale 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 that occurred on Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total transaction of $513,025.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,850 shares of company stock valued at $782,176 over the last 90 days. 2.20% of the stock is owned by corporate insiders.

Federal Agricultural Mortgage Stock Down 0.5%

Shares of AGM opened at $191.31 on Wednesday. The stock has a market capitalization of $2.09 billion, a PE ratio of 11.63, a P/E/G ratio of 1.69 and a beta of 0.97. Federal Agricultural Mortgage Co. has a 1 year low of $159.64 and a 1 year high of $217.60. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The company’s 50-day simple moving average is $181.79 and its 200-day simple moving average is $194.45.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Friday, May 9th. The credit services provider reported $4.19 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.19. The firm 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%. Analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.00 annualized dividend and a yield of 3.14%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 37.08%.

Federal Agricultural Mortgage 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.