AlphaQuest LLC Lowers Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

AlphaQuest LLC reduced its position in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 92.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 364 shares of the credit services provider's stock after selling 4,658 shares during the period. AlphaQuest LLC's holdings in Federal Agricultural Mortgage were worth $72,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in Federal Agricultural Mortgage by 1.8% during the 3rd quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider's stock valued at $724,000 after acquiring an additional 70 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter worth $3,949,000. Quest Partners LLC grew its stake in shares of Federal Agricultural Mortgage by 141.8% in the 3rd quarter. Quest Partners LLC now owns 5,022 shares of the credit services provider's stock worth $941,000 after acquiring an additional 2,945 shares in the last quarter. Global Alpha Capital Management Ltd. grew its stake in shares of Federal Agricultural Mortgage by 10.3% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 11,425 shares of the credit services provider's stock worth $2,141,000 after acquiring an additional 1,065 shares in the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of Federal Agricultural Mortgage by 7.8% in the 3rd quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider's stock worth $237,000 after acquiring an additional 92 shares in the last quarter. 68.03% of the stock is currently owned by institutional investors.

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Federal Agricultural Mortgage Stock Down 0.7 %

Shares of NYSE AGM traded down $1.36 during trading on Friday, hitting $191.19. The stock had a trading volume of 64,492 shares, compared to its average volume of 42,998. Federal Agricultural Mortgage Co. has a 12 month low of $169.17 and a 12 month high of $217.60. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $2.08 billion, a PE ratio of 11.62, a PEG ratio of 1.69 and a beta of 1.11. The firm has a fifty day moving average of $197.67 and a two-hundred day moving average of $195.98.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, beating 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 quarter in the prior year, the business earned $4.10 earnings per share. As a group, equities research analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.00 annualized dividend and a yield of 3.14%. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. Federal Agricultural Mortgage's dividend payout ratio is presently 36.47%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their target price on shares of 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 Robert G. Sexton bought 1,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $195.62 per share, for a total transaction of $195,620.00. Following the completion of the transaction, the director now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mitchell A. Johnson sold 2,500 shares of the 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 transaction, the director now owns 8,644 shares of the company's stock, valued at $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 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.