Charles Schwab Investment Management Inc. Has $19.95 Million Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Charles Schwab Investment Management Inc. cut its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,290 shares of the credit services provider's stock after selling 6,204 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.93% of Federal Agricultural Mortgage worth $19,949,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans acquired a new stake in Federal Agricultural Mortgage during the third quarter worth about $3,949,000. Quest Partners LLC grew its position in Federal Agricultural Mortgage by 141.8% during the third 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. Barclays PLC lifted its stake in Federal Agricultural Mortgage by 181.7% during the third quarter. Barclays PLC now owns 18,172 shares of the credit services provider's stock worth $3,405,000 after purchasing an additional 11,721 shares during the period. Principal Financial Group Inc. lifted its stake in Federal Agricultural Mortgage by 10.3% during the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider's stock worth $59,911,000 after purchasing an additional 29,917 shares during the period. Finally, Intech Investment Management LLC bought a new position in Federal Agricultural Mortgage during the third quarter worth about $300,000. 68.03% of the stock is owned by institutional investors and hedge funds.

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Federal Agricultural Mortgage Price Performance

AGM traded down $1.36 during midday trading on Friday, reaching $191.19. 64,492 shares of the company's stock were exchanged, compared to its average volume of 42,998. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. 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 one year low of $169.17 and a one year high of $217.60. The business has a 50-day simple moving average of $197.67 and a two-hundred day simple moving average of $195.98.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, topping analysts' consensus estimates of $4.17 by $0.46. The firm had revenue of $101.26 million during the quarter, compared to analysts' expectations 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 last year, the company earned $4.10 earnings per share. As a group, research analysts predict that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.14%. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. Federal Agricultural Mortgage's payout ratio is 36.47%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised 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 note on Monday, February 24th.

Insider Activity

In other news, Director Robert G. Sexton bought 1,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $195.62 per share, for a total transaction of $195,620.00. Following the completion of the purchase, the director now owns 13,517 shares of the company's stock, valued at approximately $2,644,195.54. The trade was a 7.99 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage 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 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. 2.58% of the stock is currently owned by corporate 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.