Parkside Financial Bank & Trust Buys 66 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Parkside Financial Bank & Trust increased its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 7.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,004 shares of the credit services provider’s stock after purchasing an additional 66 shares during the period. Parkside Financial Bank & Trust’s holdings in Federal Agricultural Mortgage were worth $198,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its position in Federal Agricultural Mortgage by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider’s stock worth $65,777,000 after purchasing an additional 14,274 shares during the last quarter. Copeland Capital Management LLC raised its position in Federal Agricultural Mortgage by 2.5% in the 4th quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider’s stock worth $58,654,000 after purchasing an additional 7,283 shares during the last quarter. Captrust Financial Advisors raised its position in Federal Agricultural Mortgage by 10.0% in the 3rd quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider’s stock worth $42,539,000 after purchasing an additional 20,603 shares during the last quarter. Wellington Management Group LLP raised its position in Federal Agricultural Mortgage by 5.9% in the 3rd quarter. Wellington Management Group LLP now owns 182,569 shares of the credit services provider’s stock worth $34,215,000 after purchasing an additional 10,194 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Federal Agricultural Mortgage by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider’s stock worth $20,145,000 after purchasing an additional 6,444 shares during the last quarter. Institutional investors own 68.03% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a “market perform” rating in a report on Monday, February 24th.

Federal Agricultural Mortgage Price Performance

AGM opened at $209.13 on Friday. The company has a fifty day moving average price of $196.94 and a two-hundred day moving average price of $195.39. 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 Co. has a 52 week low of $169.17 and a 52 week high of $217.60. The firm has a market capitalization of $2.28 billion, a PE ratio of 12.71, a P/E/G ratio of 1.69 and a beta of 1.08.

Federal Agricultural Mortgage (NYSE:AGM) last released its 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 firm had revenue of $101.26 million during the quarter, compared to analyst estimates of $92.81 million. During the same quarter in the previous year, the business earned $4.10 EPS. As a group, analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. Federal Agricultural Mortgage’s payout ratio is currently 36.47%.

Insider Activity

In other news, Director Mitchell A. Johnson sold 2,500 shares of the business’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 owns 8,644 shares of the company’s stock, valued at $1,773,835.24. The trade was a 22.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradford T. Nordholm sold 5,073 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the completion of the transaction, the chief executive officer now directly owns 41,104 shares of the company’s stock, valued at $8,770,360.48. This trade represents a 10.99 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is owned by company insiders.

Federal Agricultural Mortgage 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.