1,685 Shares in Federal Agricultural Mortgage Co. (NYSE:AGM) Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP bought a new position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,685 shares of the credit services provider’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in Federal Agricultural Mortgage by 12.4% in the fourth quarter. Captrust Financial Advisors now owns 255,198 shares of the credit services provider’s stock worth $50,261,000 after purchasing an additional 28,215 shares during the period. Cary Street Partners Financial LLC purchased a new stake in shares of Federal Agricultural Mortgage in the 4th quarter worth about $2,215,000. Balyasny Asset Management L.P. increased its stake in shares of Federal Agricultural Mortgage by 240.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 10,964 shares of the credit services provider’s stock worth $2,159,000 after acquiring an additional 7,739 shares in the last quarter. Baird Financial Group Inc. lifted its position in Federal Agricultural Mortgage by 0.8% during the 4th quarter. Baird Financial Group Inc. now owns 17,872 shares of the credit services provider’s stock valued at $3,520,000 after acquiring an additional 135 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in Federal Agricultural Mortgage during the fourth quarter worth about $357,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted 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 report on Monday, February 24th.

Federal Agricultural Mortgage Trading Up 4.8 %

NYSE AGM opened at $185.74 on Friday. The stock’s fifty day moving average price is $182.16 and its 200-day moving average price is $194.03. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The stock has a market cap of $2.02 billion, a P/E ratio of 11.29, a P/E/G ratio of 1.69 and a beta of 0.97. 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) last released its quarterly earnings data on Friday, May 9th. The credit services provider reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $4.00 by $0.19. The business had revenue of $96.79 million during the quarter, compared to analyst estimates of $94.33 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. As a group, equities analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $1.50 dividend. The ex-dividend date of this dividend 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 3.23%. Federal Agricultural Mortgage’s dividend payout ratio is 36.47%.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage 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 in the company, valued at $1,773,835.24. The trade was a 22.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert G. Sexton acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $195.62 per share, for a total transaction of $195,620.00. Following the transaction, the director now owns 13,517 shares of the company’s stock, valued at $2,644,195.54. This trade represents a 7.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.21% of the company’s stock.

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.