KLP Kapitalforvaltning AS Takes $394,000 Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

KLP Kapitalforvaltning AS bought a new position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,000 shares of the credit services provider's stock, valued at approximately $394,000.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. purchased a new position in Federal Agricultural Mortgage during the 4th quarter worth $25,000. Point72 DIFC Ltd raised its holdings in shares of Federal Agricultural Mortgage by 180.0% in the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider's stock valued at $68,000 after purchasing an additional 234 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Federal Agricultural Mortgage in the 4th quarter worth approximately $100,000. Parkside Financial Bank & Trust boosted its stake in shares of Federal Agricultural Mortgage by 7.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider's stock valued at $198,000 after purchasing an additional 66 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in Federal Agricultural Mortgage in the fourth quarter worth approximately $209,000. 68.03% of the stock is owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Stock Up 5.8 %

Shares of AGM traded up $9.67 during midday trading on Wednesday, hitting $175.12. 79,484 shares of the company's stock traded hands, compared to its average volume of 44,443. Federal Agricultural Mortgage Co. has a 1 year low of $160.22 and a 1 year high of $217.60. The firm's fifty day moving average is $193.74 and its 200-day moving average is $195.57. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01.

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Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its quarterly earnings results 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. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. The company had revenue of $101.26 million during the quarter, compared to analysts' expectations of $92.81 million. During the same period last year, the business posted $4.10 earnings per share. As a group, sell-side analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $1.50 dividend. The ex-dividend date was Friday, March 14th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. Federal Agricultural Mortgage's dividend payout ratio (DPR) is currently 36.47%.

Insider Transactions at Federal Agricultural Mortgage

In other news, CFO Aparna Ramesh sold 1,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total value of $201,860.00. Following the sale, the chief financial officer now owns 9,242 shares in the company, valued at $1,865,590.12. This represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction dated 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 owns 8,644 shares of the company's stock, valued at $1,773,835.24. The trade was a 22.43 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.58% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their price target on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a "market perform" rating in a 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.