Raymond James Financial Inc. Acquires New Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Raymond James Financial Inc. acquired a new stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGMFree Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 146,810 shares of the credit services provider’s stock, valued at approximately $28,914,000.

Several other hedge funds also recently bought and sold shares of AGM. Blue Trust Inc. purchased a new position in Federal Agricultural Mortgage during the fourth quarter valued at approximately $25,000. Point72 DIFC Ltd grew its stake in 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 acquiring an additional 234 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Federal Agricultural Mortgage during the fourth quarter valued at approximately $100,000. Parkside Financial Bank & Trust grew its stake in 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 acquiring an additional 66 shares in the last quarter. Finally, US Bancorp DE grew its stake in Federal Agricultural Mortgage by 7.3% during the third quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock valued at $207,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Price Performance

AGM stock opened at $195.02 on Friday. 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 Co. has a one year low of $169.17 and a one year high of $217.60. The stock has a market cap of $2.12 billion, a PE ratio of 11.86, a P/E/G ratio of 1.69 and a beta of 1.11. The firm has a 50 day simple moving average of $197.09 and a two-hundred day simple moving average of $196.02.

Federal Agricultural Mortgage (NYSE:AGMGet Free Report) last released 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. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. The business had revenue of $101.26 million during the quarter, compared to analysts’ expectations of $92.81 million. During the same quarter in the previous year, the company earned $4.10 EPS. On average, analysts predict that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.50 per share. This is a positive change 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 3.08%. The ex-dividend date of this dividend is Friday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.47%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price objective 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.

Check Out Our Latest Research Report on Federal Agricultural Mortgage

Insiders Place Their Bets

In other Federal Agricultural Mortgage news, 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 transaction, the director now directly owns 8,644 shares in the company, valued at approximately $1,773,835.24. This represents a 22.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aparna Ramesh sold 1,000 shares of the company’s 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 owns 9,242 shares of the company’s stock, valued at $1,865,590.12. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.58% of the company’s stock.

Federal Agricultural Mortgage Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Agricultural Mortgage Co. (NYSE:AGMFree Report).

Institutional Ownership by Quarter for Federal Agricultural Mortgage (NYSE:AGM)

Receive News & Ratings for Federal Agricultural Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Agricultural Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.