Brevan Howard Capital Management LP Takes Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Brevan Howard Capital Management LP bought a new position in Federal Agricultural Mortgage Co. (NYSE:AGM) during the fourth quarter, HoldingsChannel reports. The fund bought 1,685 shares of the credit services provider’s stock, valued at approximately $332,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. bought a new stake in shares of Federal Agricultural Mortgage during the 4th quarter valued at $25,000. Venturi Wealth Management LLC bought a new stake in Federal Agricultural Mortgage during the fourth quarter valued at about $100,000. Parkside Financial Bank & Trust boosted its stake in shares of Federal Agricultural Mortgage by 7.0% in the fourth 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. Pictet Asset Management Holding SA purchased a new stake in shares of Federal Agricultural Mortgage during the fourth quarter worth about $208,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Federal Agricultural Mortgage during the 4th quarter valued at approximately $209,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price target on 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.

Insider Buying and Selling

In other news, CFO Aparna Ramesh sold 1,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total value of $201,860.00. Following the sale, the chief financial officer now directly owns 9,242 shares in the company, valued at $1,865,590.12. The trade was a 9.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total transaction of $513,025.00. Following the completion of the transaction, the director now directly owns 8,644 shares of the company’s stock, valued at approximately $1,773,835.24. The trade was a 22.43 % decrease in their position. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by company insiders.

Federal Agricultural Mortgage Stock Performance

Shares of NYSE AGM opened at $185.74 on Friday. The firm’s fifty day moving average is $182.16 and its two-hundred day moving average is $194.03. Federal Agricultural Mortgage Co. has a 52-week low of $159.64 and a 52-week high of $217.60. The company has a market cap of $2.02 billion, a P/E ratio of 11.29, a P/E/G ratio of 1.69 and a beta of 0.97. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $4.00 by $0.19. The company had revenue of $96.79 million for the quarter, compared to the consensus estimate of $94.33 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. As a group, analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $1.50 dividend. The ex-dividend date was Friday, March 14th. 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 dividend yield of 3.23%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.47%.

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.