Westover Capital Advisors LLC Purchases 75 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Westover Capital Advisors LLC raised its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,507 shares of the credit services provider’s stock after acquiring an additional 75 shares during the period. Westover Capital Advisors LLC owned approximately 0.06% of Federal Agricultural Mortgage worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans purchased a new position in shares of Federal Agricultural Mortgage in the third quarter valued at $3,949,000. Quest Partners LLC lifted its position in Federal Agricultural Mortgage by 141.8% in the third quarter. Quest Partners LLC now owns 5,022 shares of the credit services provider’s stock worth $941,000 after buying an additional 2,945 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Federal Agricultural Mortgage by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider’s stock worth $20,145,000 after buying an additional 6,444 shares during the last quarter. Barclays PLC lifted its position in Federal Agricultural Mortgage by 181.7% in the third quarter. Barclays PLC now owns 18,172 shares of the credit services provider’s stock worth $3,405,000 after buying an additional 11,721 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Federal Agricultural Mortgage by 10.3% in the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock worth $59,911,000 after buying an additional 29,917 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Federal Agricultural Mortgage

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

Analyst Upgrades and Downgrades

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

Federal Agricultural Mortgage Stock Down 2.7 %

NYSE:AGM opened at $203.52 on Tuesday. Federal Agricultural Mortgage Co. has a twelve month low of $169.17 and a twelve month high of $217.60. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. The stock has a fifty day simple moving average of $196.94 and a 200-day simple moving average of $195.50. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.46. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. The business had revenue of $101.26 million during the quarter, compared to the consensus estimate of $92.81 million. During the same period last year, the company earned $4.10 earnings per share. Analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 EPS 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. Investors of record on Friday, March 14th will be paid a $1.50 dividend. The ex-dividend date is 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 yield of 2.95%. Federal Agricultural Mortgage’s dividend payout ratio 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.