Venturi Wealth Management LLC Purchases New Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Venturi Wealth Management LLC acquired a new position in Federal Agricultural Mortgage Co. (NYSE:AGM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 510 shares of the credit services provider’s stock, valued at approximately $100,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Federal Agricultural Mortgage by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock worth $59,911,000 after purchasing an additional 29,917 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Federal Agricultural Mortgage during the third quarter valued at $3,949,000. Captrust Financial Advisors boosted its holdings in Federal Agricultural Mortgage by 10.0% in the third quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider’s stock worth $42,539,000 after acquiring an additional 20,603 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in shares of Federal Agricultural Mortgage by 10.6% in the third quarter. Rice Hall James & Associates LLC now owns 172,129 shares of the credit services provider’s stock worth $32,259,000 after acquiring an additional 16,487 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Federal Agricultural Mortgage by 181.7% during the third quarter. Barclays PLC now owns 18,172 shares of the credit services provider’s stock valued at $3,405,000 after acquiring an additional 11,721 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of Federal Agricultural Mortgage stock opened at $208.22 on Monday. Federal Agricultural Mortgage Co. has a 1 year low of $169.17 and a 1 year high of $217.60. The firm’s 50-day moving average is $196.77 and its 200 day moving average is $194.55. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.59 and a beta of 1.08. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.46. The business had revenue of $101.26 million during the quarter, compared to analysts’ expectations of $92.81 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. During the same period in the previous year, the company earned $4.10 earnings per share. Sell-side analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $1.50 dividend. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.88%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.47%.

Insider Transactions at Federal Agricultural Mortgage

In related news, CEO Bradford T. Nordholm sold 5,073 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the transaction, the chief executive officer now owns 41,104 shares in the company, valued at $8,770,360.48. This represents a 10.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.58% of the company’s stock.

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.