Snowden Capital Advisors LLC Increases Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Snowden Capital Advisors LLC raised its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,293 shares of the credit services provider’s stock after acquiring an additional 282 shares during the period. Snowden Capital Advisors LLC’s holdings in Federal Agricultural Mortgage were worth $649,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in Federal Agricultural Mortgage in the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC purchased a new position in Federal Agricultural Mortgage in the fourth quarter valued at approximately $100,000. Parkside Financial Bank & Trust increased its stake in 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 valued at $198,000 after purchasing an additional 66 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in Federal Agricultural Mortgage in the fourth quarter valued at approximately $208,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Federal Agricultural Mortgage during the fourth quarter worth approximately $209,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Federal Agricultural Mortgage

In other news, Director Robert G. Sexton acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $195.62 per share, for a total transaction of $195,620.00. Following the transaction, the director now directly owns 13,517 shares in the company, valued at approximately $2,644,195.54. This represents a 7.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sara Louise Faivre-Davis sold 350 shares of Federal Agricultural Mortgage stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $192.26, for a total transaction of $67,291.00. Following the completion of the transaction, the director now owns 1,751 shares in the company, valued at approximately $336,647.26. This trade represents a 16.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,850 shares of company stock worth $782,176. Insiders own 2.20% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of AGM opened at $191.31 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The firm has a market cap of $2.09 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 1.69 and a beta of 0.97. The company’s 50 day simple moving average is $181.79 and its 200-day simple moving average is $194.45. Federal Agricultural Mortgage Co. has a 12-month low of $159.64 and a 12-month high of $217.60.

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

Federal Agricultural Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, June 16th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.14%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 37.08%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $215.00 target price (down from $230.00) on shares of Federal Agricultural Mortgage in a research report on Monday, May 12th.

About Federal Agricultural Mortgage

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.