Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Purchased by Boston Partners

Boston Partners lifted its position in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 415,716 shares of the credit services provider's stock after purchasing an additional 15,140 shares during the quarter. Boston Partners owned about 3.82% of Federal Agricultural Mortgage worth $81,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in Federal Agricultural Mortgage by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider's stock valued at $724,000 after purchasing an additional 70 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in Federal Agricultural Mortgage during the 3rd quarter worth approximately $3,949,000. Quest Partners LLC lifted its holdings in 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 worth $941,000 after buying an additional 2,945 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its stake in Federal Agricultural Mortgage by 10.3% in the third 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 during the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Federal Agricultural Mortgage by 7.8% during the 3rd quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider's stock worth $237,000 after purchasing an additional 92 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

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Federal Agricultural Mortgage Stock Up 1.7 %

Federal Agricultural Mortgage stock traded up $3.31 during mid-day trading on Monday, hitting $194.82. The company had a trading volume of 25,884 shares, compared to its average volume of 42,929. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a 1 year low of $169.17 and a 1 year high of $217.60. The business has a fifty day moving average of $197.67 and a 200 day moving average of $196.03. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.69 and a beta of 1.11.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its 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 business had revenue of $101.26 million during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $4.10 EPS. On average, sell-side analysts expect that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, March 14th. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.08%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is 36.47%.

Insider Activity

In other Federal Agricultural Mortgage news, Director Robert G. Sexton bought 1,000 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $195.62 per share, with a total value of $195,620.00. Following the completion of the acquisition, the director now owns 13,517 shares of the company's stock, valued at approximately $2,644,195.54. This represents a 7.99 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, 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 sale, the director now owns 8,644 shares of the company's stock, valued at $1,773,835.24. This trade represents a 22.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.58% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price target 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.

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.