Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its position in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,607 shares of the credit services provider's stock after selling 1,651 shares during the quarter. Invesco Ltd. owned about 0.32% of Federal Agricultural Mortgage worth $6,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its position 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 valued at $3,405,000 after purchasing an additional 11,721 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Federal Agricultural Mortgage by 10.3% in the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider's stock valued at $59,911,000 after buying an additional 29,917 shares during the period. Ellsworth Advisors LLC lifted its position in shares of Federal Agricultural Mortgage by 6.8% during the 4th quarter. Ellsworth Advisors LLC now owns 3,817 shares of the credit services provider's stock valued at $752,000 after acquiring an additional 243 shares during the period. Kingswood Wealth Advisors LLC bought a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at $209,000. Finally, Copeland Capital Management LLC lifted its position in shares of Federal Agricultural Mortgage by 2.5% during the fourth quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider's stock valued at $58,654,000 after purchasing an additional 7,283 shares in the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price objective on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a "market perform" rating in a research note on Monday, February 24th.

Federal Agricultural Mortgage Price Performance

Shares of NYSE AGM traded up $1.55 during midday trading on Monday, hitting $176.17. 25,786 shares of the company's stock were exchanged, compared to its average volume of 44,466. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.69 and a beta of 1.01. The business's fifty day moving average price is $187.43 and its two-hundred day moving average price is $194.75. 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 12-month low of $159.64 and a 12-month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, topping the consensus estimate of $4.17 by $0.46. The business had revenue of $101.26 million for 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 company posted $4.10 earnings per share. As a group, research analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.41%. This is an increase from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is presently 36.47%.

Insider Buying and Selling

In other Federal Agricultural Mortgage news, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage 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 transaction, the director now directly owns 8,644 shares of the company's stock, valued at approximately $1,773,835.24. The trade was a 22.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert G. Sexton acquired 1,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $195.62 per share, with a total value of $195,620.00. Following the completion of the purchase, the director now directly owns 13,517 shares of the company's stock, valued at approximately $2,644,195.54. This trade represents a 7.99 % increase in their position. The disclosure for this purchase can be found here. 2.58% of the stock is owned by company insiders.

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.