Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC cut its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,575 shares of the credit services provider’s stock after selling 54 shares during the period. Personal CFO Solutions LLC’s holdings in Federal Agricultural Mortgage were worth $310,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of AGM. US Bancorp DE boosted its holdings in shares of Federal Agricultural Mortgage by 7.3% in the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock valued at $207,000 after buying an additional 75 shares during the period. Atria Investments Inc boosted its stake in Federal Agricultural Mortgage by 0.7% during the 3rd quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider’s stock valued at $1,637,000 after purchasing an additional 57 shares during the period. Barnett & Company Inc. boosted its stake in Federal Agricultural Mortgage by 1.5% during the 3rd quarter. Barnett & Company Inc. now owns 45,364 shares of the credit services provider’s stock valued at $8,502,000 after purchasing an additional 650 shares during the period. Victory Capital Management Inc. boosted its stake in Federal Agricultural Mortgage by 1.8% during the 3rd quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock valued at $724,000 after purchasing an additional 70 shares during the period. Finally, Empowered Funds LLC boosted its stake in Federal Agricultural Mortgage by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 42,982 shares of the credit services provider’s stock valued at $8,055,000 after purchasing an additional 1,962 shares during the period. 68.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Federal Agricultural Mortgage

In other news, CFO Aparna Ramesh sold 1,000 shares of the company’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 value of $201,860.00. Following the completion of the sale, the chief financial officer now directly owns 9,242 shares of the company’s stock, valued at approximately $1,865,590.12. This represents a 9.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mitchell A. Johnson sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 8,644 shares of the company’s stock, valued at approximately $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. Company insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a “market perform” rating in a research note on Monday, February 24th.

Federal Agricultural Mortgage Trading Down 4.2 %

Federal Agricultural Mortgage stock opened at $192.35 on Tuesday. 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 firm has a 50-day moving average price of $197.43 and a two-hundred day moving average price of $196.10. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.69 and a beta of 1.11. Federal Agricultural Mortgage Co. has a 52-week low of $169.17 and a 52-week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.17 by $0.46. The company had revenue of $101.26 million during the quarter, compared to analyst estimates of $92.81 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. During the same period in the prior year, the business posted $4.10 EPS. Sell-side analysts expect that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.50 dividend. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.47%.

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.