Proficio Capital Partners LLC Purchases New Shares in Federal Agricultural Mortgage Co. (NYSE:AGM)

Proficio Capital Partners LLC purchased a new stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,620 shares of the credit services provider's stock, valued at approximately $2,289,000. Proficio Capital Partners LLC owned about 0.11% of Federal Agricultural Mortgage at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AGM. Principal Financial Group Inc. boosted its position in shares of 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 valued at $59,911,000 after acquiring an additional 29,917 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Federal Agricultural Mortgage during the 3rd quarter valued at about $3,949,000. Captrust Financial Advisors raised its holdings in shares of Federal Agricultural Mortgage by 10.0% during the 3rd quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider's stock valued at $42,539,000 after buying an additional 20,603 shares in the last quarter. Barclays PLC raised its holdings in shares of Federal Agricultural Mortgage by 181.7% during the 3rd quarter. Barclays PLC now owns 18,172 shares of the credit services provider's stock valued at $3,405,000 after buying an additional 11,721 shares in the last quarter. Finally, Denali Advisors LLC purchased a new position in shares of Federal Agricultural Mortgage during the 4th quarter valued at about $2,226,000. Institutional investors own 68.03% of the company's stock.

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Federal Agricultural Mortgage Trading Down 0.7 %

Federal Agricultural Mortgage stock traded down $1.36 during trading hours on Friday, reaching $191.19. The company had a trading volume of 64,492 shares, compared to its average volume of 42,969. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The company has a 50-day moving average price of $197.67 and a 200 day moving average price of $195.94. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 1.69 and a beta of 1.11. Federal Agricultural Mortgage Co. has a 12-month low of $169.17 and a 12-month high of $217.60.

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 business had revenue of $101.26 million for the quarter, compared to analysts' expectations 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 firm earned $4.10 EPS. Equities analysts forecast 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 will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.50 dividend. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Friday, March 14th. Federal Agricultural Mortgage's payout ratio is 36.47%.

Insiders Place Their Bets

In other news, CFO Aparna Ramesh sold 1,000 shares of the business's stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mitchell A. Johnson sold 2,500 shares of the business's stock in a transaction that occurred 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 in the company, valued at $1,773,835.24. This trade represents a 22.43 % decrease in their ownership of the stock. 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 raised their price objective 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 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.