Federal Agricultural Mortgage Co. (NYSE:AGM) is Barnett & Company Inc.’s 2nd Largest Position

Barnett & Company Inc. trimmed its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,289 shares of the credit services provider’s stock after selling 75 shares during the quarter. Federal Agricultural Mortgage accounts for about 5.8% of Barnett & Company Inc.’s investment portfolio, making the stock its 2nd biggest position. Barnett & Company Inc. owned approximately 0.42% of Federal Agricultural Mortgage worth $8,920,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of Federal Agricultural Mortgage by 1.8% during the third quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock valued at $724,000 after buying an additional 70 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter worth approximately $3,949,000. Moors & Cabot Inc. increased its stake in shares of Federal Agricultural Mortgage by 7.8% during the third quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider’s stock valued at $237,000 after acquiring an additional 92 shares during the period. Intech Investment Management LLC acquired a new position in shares of Federal Agricultural Mortgage during the third quarter valued at approximately $300,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in 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 worth $20,145,000 after purchasing an additional 6,444 shares in the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a “market perform” rating in a report on Monday, February 24th.

Insider Activity at Federal Agricultural Mortgage

In related news, CFO Aparna Ramesh sold 1,000 shares of the firm’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 transaction of $201,860.00. Following the completion of the sale, the chief financial officer now directly owns 9,242 shares in the company, valued at approximately $1,865,590.12. This trade represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mitchell A. Johnson sold 2,500 shares of the company’s 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 approximately $1,773,835.24. This represents a 22.43 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is owned by insiders.

Federal Agricultural Mortgage Trading Down 0.7 %

Shares of NYSE:AGM opened at $191.19 on Monday. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.69 and a beta of 1.11. Federal Agricultural Mortgage Co. has a 1-year low of $169.17 and a 1-year high of $217.60. The company has a 50 day moving average price of $197.67 and a 200 day moving average price of $196.03. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last announced its earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.17 by $0.46. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. The company had revenue of $101.26 million for the quarter, compared to analyst estimates of $92.81 million. During the same period in the previous year, the firm earned $4.10 earnings per share. On average, research analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $1.50 per share. 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%. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. Federal Agricultural Mortgage’s payout ratio is currently 36.47%.

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.