American Century Companies Inc. Has $43.38 Million Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

American Century Companies Inc. grew its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 220,261 shares of the credit services provider's stock after purchasing an additional 21,670 shares during the quarter. American Century Companies Inc. owned 2.02% of Federal Agricultural Mortgage worth $43,380,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of AGM. Victory Capital Management Inc. grew its holdings in 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 worth $724,000 after acquiring an additional 70 shares during the period. Intech Investment Management LLC bought a new position in shares of Federal Agricultural Mortgage during the 3rd quarter valued at about $300,000. Charles Schwab Investment Management Inc. grew its stake in shares of Federal Agricultural Mortgage by 6.4% in the 3rd 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 during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Federal Agricultural Mortgage by 34.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,050 shares of the credit services provider's stock worth $1,134,000 after purchasing an additional 1,541 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Federal Agricultural Mortgage by 10.0% during the third quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider's stock valued at $42,539,000 after purchasing an additional 20,603 shares during the last quarter. Institutional investors own 68.03% of the company's stock.

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Federal Agricultural Mortgage Trading Down 0.3 %

Shares of Federal Agricultural Mortgage stock traded down $0.63 on Tuesday, reaching $186.88. 36,669 shares of the company were exchanged, compared to its average volume of 44,061. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. The stock has a fifty day moving average price of $197.50 and a 200-day moving average price of $196.35.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, beating analysts' consensus estimates 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 in the prior year, the firm earned $4.10 earnings per share. On average, analysts expect that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.21%. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. The ex-dividend date was Friday, March 14th. Federal Agricultural Mortgage's payout ratio is presently 36.47%.

Insider Buying and Selling 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. Company insiders own 2.58% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.