Orion Portfolio Solutions LLC Sells 165 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Orion Portfolio Solutions LLC cut its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,823 shares of the credit services provider’s stock after selling 165 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Federal Agricultural Mortgage were worth $359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGM. Boston Partners boosted its holdings in shares of Federal Agricultural Mortgage by 3.8% in the 4th quarter. Boston Partners now owns 415,716 shares of the credit services provider’s stock worth $81,813,000 after buying an additional 15,140 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Federal Agricultural Mortgage by 1,589.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider’s stock worth $70,114,000 after purchasing an additional 334,928 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Federal Agricultural Mortgage by 4.5% during the fourth quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider’s stock valued at $65,777,000 after buying an additional 14,274 shares during the period. Copeland Capital Management LLC boosted its position in shares of Federal Agricultural Mortgage by 2.5% during the 4th quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider’s stock valued at $58,654,000 after acquiring an additional 7,283 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Federal Agricultural Mortgage by 10.9% during the fourth quarter. American Century Companies Inc. now owns 220,261 shares of the credit services provider’s stock valued at $43,380,000 after purchasing an additional 21,670 shares during the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted 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 Activity

In other Federal Agricultural Mortgage news, Director Mitchell A. Johnson sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total value of $513,025.00. Following the sale, the director now owns 8,644 shares in the company, valued at approximately $1,773,835.24. This represents a 22.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert G. Sexton acquired 1,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $195.62 per share, with a total value of $195,620.00. Following the purchase, the director now directly owns 13,517 shares of the company’s stock, valued at $2,644,195.54. The trade was a 7.99 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.58% of the company’s stock.

Federal Agricultural Mortgage Trading Down 1.3 %

NYSE AGM opened at $165.78 on Wednesday. The stock has a 50-day moving average of $194.67 and a 200-day moving average of $195.77. 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 Co. has a 1-year low of $164.22 and a 1-year high of $217.60. The firm has a market cap of $1.81 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.46. The business had revenue of $101.26 million during the quarter, compared to analysts’ expectations of $92.81 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. During the same quarter in the prior year, the company posted $4.10 EPS. As a group, sell-side analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The business also recently declared 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 represents a $6.00 annualized dividend and a yield of 3.62%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. Federal Agricultural Mortgage’s payout ratio is 36.47%.

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.