FIL Ltd Has $5.69 Million Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

FIL Ltd increased its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,873 shares of the credit services provider's stock after acquiring an additional 5,052 shares during the quarter. FIL Ltd owned about 0.27% of Federal Agricultural Mortgage worth $5,687,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of AGM. Thrivent Financial for Lutherans increased its holdings in shares of Federal Agricultural Mortgage by 1,589.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider's stock worth $70,114,000 after purchasing an additional 334,928 shares during the period. Raymond James Financial Inc. acquired a new stake in Federal Agricultural Mortgage during the fourth quarter worth approximately $28,914,000. Principal Financial Group Inc. increased its stake in Federal Agricultural Mortgage by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider's stock worth $59,911,000 after acquiring an additional 29,917 shares during the period. American Century Companies Inc. raised its holdings in Federal Agricultural Mortgage by 10.9% in the 4th quarter. American Century Companies Inc. now owns 220,261 shares of the credit services provider's stock valued at $43,380,000 after acquiring an additional 21,670 shares in the last quarter. Finally, Boston Partners raised its holdings in Federal Agricultural Mortgage by 3.8% in the 4th quarter. Boston Partners now owns 415,716 shares of the credit services provider's stock valued at $81,813,000 after acquiring an additional 15,140 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company's stock.

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Insider Buying and Selling at Federal Agricultural Mortgage

In related news, Director Robert G. Sexton bought 1,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were 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 approximately $2,644,195.54. This represents a 7.99 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction on Tuesday, February 25th. The shares were 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 $1,773,835.24. The trade was a 22.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.58% of the company's stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price target on 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 Price Performance

Shares of NYSE:AGM traded down $1.08 during midday trading on Tuesday, hitting $170.38. The stock had a trading volume of 25,728 shares, compared to its average volume of 44,391. The company's 50-day moving average price is $191.43 and its 200-day moving average price is $195.18. Federal Agricultural Mortgage Co. has a fifty-two week low of $159.64 and a fifty-two week high of $217.60. 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 market capitalization of $1.86 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01.

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 EPS 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 net margin of 12.75% and a return on equity of 19.43%. During the same period in the previous year, the business earned $4.10 earnings per share. As a group, equities research analysts predict that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.50 dividend. The ex-dividend date was Friday, March 14th. 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 yield of 3.52%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is 36.47%.

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.