Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,206 shares of the credit services provider's stock after purchasing an additional 6,317 shares during the period. Wells Fargo & Company MN owned approximately 0.58% of Federal Agricultural Mortgage worth $12,448,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Riverwater Partners LLC boosted its holdings in Federal Agricultural Mortgage by 2.0% in the fourth quarter. Riverwater Partners LLC now owns 11,760 shares of the credit services provider's stock valued at $2,316,000 after acquiring an additional 230 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Federal Agricultural Mortgage during the 4th quarter worth about $242,000. Pictet Asset Management Holding SA acquired a new stake in Federal Agricultural Mortgage during the 4th quarter worth approximately $208,000. JPMorgan Chase & Co. raised its holdings in Federal Agricultural Mortgage by 20.8% in the fourth quarter. JPMorgan Chase & Co. now owns 54,998 shares of the credit services provider's stock valued at $10,832,000 after buying an additional 9,485 shares during the period. Finally, EntryPoint Capital LLC lifted its position in Federal Agricultural Mortgage by 106.5% during the fourth quarter. EntryPoint Capital LLC now owns 2,755 shares of the credit services provider's stock valued at $543,000 after buying an additional 1,421 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company's stock.

Federal Agricultural Mortgage Stock Up 2.1 %

Shares of NYSE AGM traded up $3.53 on Friday, hitting $174.42. The company had a trading volume of 49,802 shares, compared to its average volume of 44,444. The firm has a market capitalization of $1.90 billion, a P/E ratio of 10.60, a PEG ratio of 1.69 and a beta of 1.01. The company has a quick ratio of 0.49, a current 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. The business has a 50 day moving average of $189.88 and a two-hundred day moving average of $195.04.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.17 by $0.46. The company had revenue of $101.26 million for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $4.10 earnings per share. As a group, equities research analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 earnings per share 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. Shareholders of record on Friday, March 14th were given 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 3.44%. The ex-dividend date was Friday, March 14th. Federal Agricultural Mortgage's dividend payout ratio is presently 36.47%.

Insider Activity

In related news, Director Robert G. Sexton purchased 1,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $195.62 per share, for a total transaction of $195,620.00. Following the completion of the purchase, the director now owns 13,517 shares in the company, valued at approximately $2,644,195.54. This represents a 7.99 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $513,025.00. Following the transaction, the director now 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.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their target price on shares of 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 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.