Balboa Wealth Partners Decreases Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Balboa Wealth Partners trimmed its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,675 shares of the credit services provider’s stock after selling 200 shares during the period. Balboa Wealth Partners’ holdings in Federal Agricultural Mortgage were worth $724,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans purchased a new position in Federal Agricultural Mortgage during the 3rd quarter valued at $3,949,000. Quest Partners LLC boosted its stake in shares of Federal Agricultural Mortgage by 141.8% during the 3rd quarter. Quest Partners LLC now owns 5,022 shares of the credit services provider’s stock valued at $941,000 after purchasing an additional 2,945 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Federal Agricultural Mortgage by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider’s stock valued at $20,145,000 after buying an additional 6,444 shares during the period. Barclays PLC increased its position 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 buying an additional 11,721 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Federal Agricultural Mortgage by 10.3% in the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock worth $59,911,000 after buying an additional 29,917 shares in the last quarter. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

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 stock a “market perform” rating in a research note on Monday, February 24th.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Mitchell A. Johnson sold 2,500 shares of the business’s stock in a transaction dated 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 owns 8,644 shares of the company’s stock, valued at approximately $1,773,835.24. The trade was a 22.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Aparna Ramesh sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $201.86, for a total value of $201,860.00. Following the completion of the transaction, the chief financial officer now directly owns 9,242 shares in the company, valued at $1,865,590.12. This trade represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by company insiders.

Federal Agricultural Mortgage Price Performance

Shares of NYSE:AGM opened at $191.30 on Thursday. 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 firm has a market cap of $2.08 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. The business has a 50-day simple moving average of $197.23 and a two-hundred day simple moving average of $196.09. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, topping the consensus estimate 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 return on equity of 19.43% and a net margin of 12.75%. During the same quarter in the previous year, the company posted $4.10 earnings per share. On average, analysts expect that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $1.50 dividend. This is an increase 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 3.14%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.47%.

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.