Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 49.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,553 shares of the credit services provider's stock after selling 10,147 shares during the period. LSV Asset Management owned approximately 0.10% of Federal Agricultural Mortgage worth $2,078,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its position in Federal Agricultural Mortgage by 7.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider's stock worth $198,000 after acquiring an additional 66 shares during the period. Westover Capital Advisors LLC raised its stake in shares of Federal Agricultural Mortgage by 1.2% during the fourth quarter. Westover Capital Advisors LLC now owns 6,507 shares of the credit services provider's stock worth $1,282,000 after purchasing an additional 75 shares during the last quarter. Napatree Capital LLC lifted its holdings in shares of Federal Agricultural Mortgage by 6.8% during the fourth quarter. Napatree Capital LLC now owns 1,423 shares of the credit services provider's stock worth $280,000 after purchasing an additional 91 shares during the period. Blue Trust Inc. purchased a new position in Federal Agricultural Mortgage in the 4th quarter valued at $25,000. Finally, Valmark Advisers Inc. increased its stake in Federal Agricultural Mortgage by 1.6% in the 4th quarter. Valmark Advisers Inc. now owns 8,626 shares of the credit services provider's stock valued at $1,699,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 68.03% of the company's stock.

Federal Agricultural Mortgage Stock Performance

NYSE AGM traded up $3.53 on Friday, hitting $174.42. 49,802 shares of the company's stock were exchanged, compared to its average volume of 44,444. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 1.69 and a beta of 1.01. The firm's 50-day moving average price is $189.88 and its two-hundred day moving average price is $195.04. 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 debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49.

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 earnings per share for the quarter, topping 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 firm had revenue of $101.26 million for the quarter, compared to analyst estimates of $92.81 million. During the same quarter in the prior year, the company posted $4.10 earnings per share. On average, research analysts expect that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The business 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. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. The ex-dividend date was Friday, March 14th. This represents a $6.00 annualized dividend and a dividend yield of 3.44%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is 36.47%.

Insider Buying and Selling

In related news, CFO Aparna Ramesh sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $201.86, for a total transaction of $201,860.00. Following the completion of the transaction, the chief financial officer now directly owns 9,242 shares of the company's stock, valued at approximately $1,865,590.12. The trade was a 9.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mitchell A. Johnson sold 2,500 shares of the company's 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 sale, the director now directly owns 8,644 shares in the company, 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 owned by insiders.

Analyst Ratings Changes

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

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.