11,300 Shares in Federal Agricultural Mortgage Co. (NYSE:AGM) Purchased by Denali Advisors LLC

Denali Advisors LLC purchased a new position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,300 shares of the credit services provider's stock, valued at approximately $2,226,000. Denali Advisors LLC owned about 0.10% of Federal Agricultural Mortgage at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. purchased a new position in Federal Agricultural Mortgage in the fourth quarter valued at about $25,000. Point72 DIFC Ltd raised its holdings in shares of Federal Agricultural Mortgage by 180.0% during the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider's stock valued at $68,000 after buying an additional 234 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Federal Agricultural Mortgage during the fourth quarter valued at approximately $100,000. US Bancorp DE lifted its position in shares of Federal Agricultural Mortgage by 7.3% during the third quarter. US Bancorp DE now owns 1,106 shares of the credit services provider's stock worth $207,000 after purchasing an additional 75 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at $209,000. 68.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a "market perform" rating in a report on Monday, February 24th.

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Federal Agricultural Mortgage Stock Up 3.6 %

Shares of AGM traded up $7.32 during trading on Friday, reaching $209.13. The company's stock had a trading volume of 41,830 shares, compared to its average volume of 34,516. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 1.69 and a beta of 1.08. 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 company has a fifty day moving average of $196.94 and a two-hundred day moving average of $195.39. Federal Agricultural Mortgage Co. has a twelve month low of $169.17 and a twelve month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 earnings per share 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 net margin of 12.75% and a return on equity of 19.43%. During the same period last year, the business earned $4.10 EPS. On average, sell-side analysts predict 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. Investors of record on Friday, March 14th will be given a dividend of $1.50 per share. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, March 14th. Federal Agricultural Mortgage's dividend payout ratio is currently 36.47%.

Insider Buying and Selling

In other news, Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total value of $513,025.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Bradford T. Nordholm sold 5,073 shares of Federal Agricultural Mortgage stock in a transaction dated 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 sale, the chief executive officer now owns 41,104 shares in the company, valued at approximately $8,770,360.48. This represents a 10.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by company insiders.

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.