Intech Investment Management LLC Purchases 3,384 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Intech Investment Management LLC grew its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 211.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,984 shares of the credit services provider’s stock after acquiring an additional 3,384 shares during the period. Intech Investment Management LLC’s holdings in Federal Agricultural Mortgage were worth $982,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGM. Blue Trust Inc. bought a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at about $25,000. Point72 DIFC Ltd increased its position in shares of Federal Agricultural Mortgage by 180.0% during the third quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock valued at $68,000 after buying an additional 234 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at about $100,000. Parkside Financial Bank & Trust increased its position 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 buying an additional 66 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at about $209,000. 68.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Federal Agricultural Mortgage Price Performance

Shares of NYSE AGM opened at $191.19 on Friday. Federal Agricultural Mortgage Co. has a 1 year low of $169.17 and a 1 year 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. The company’s 50-day moving average is $197.67 and its 200 day moving average is $195.98. The stock has a market capitalization of $2.08 billion, a P/E ratio of 11.62, a P/E/G ratio of 1.69 and a beta of 1.11.

Federal Agricultural Mortgage (NYSE:AGM) 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. The business had revenue of $101.26 million for the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $4.10 earnings per share. On average, sell-side analysts expect that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $1.50 dividend. 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. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. Federal Agricultural Mortgage’s dividend payout ratio is 36.47%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a “market perform” rating in a research 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.