Cambridge Investment Research Advisors Inc. Purchases 105 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Cambridge Investment Research Advisors Inc. raised its position in Federal Agricultural Mortgage Co. (NYSE:AGM – Get Rating) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,225 shares of the credit services provider’s stock after buying an additional 105 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 0.10% of Federal Agricultural Mortgage worth $1,265,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AGM. Legal & General Group Plc grew its holdings in shares of Federal Agricultural Mortgage by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 4,101 shares of the credit services provider’s stock valued at $400,000 after purchasing an additional 91 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Federal Agricultural Mortgage by 3.9% during the 4th quarter. Arizona State Retirement System now owns 2,614 shares of the credit services provider’s stock valued at $295,000 after purchasing an additional 97 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Federal Agricultural Mortgage by 2.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,749 shares of the credit services provider’s stock valued at $422,000 after purchasing an additional 99 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Federal Agricultural Mortgage by 0.7% during the 3rd quarter. Royal Bank of Canada now owns 19,007 shares of the credit services provider’s stock valued at $1,885,000 after purchasing an additional 134 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Federal Agricultural Mortgage by 1.6% during the 3rd quarter. Baird Financial Group Inc. now owns 9,255 shares of the credit services provider’s stock valued at $917,000 after purchasing an additional 145 shares during the last quarter. 66.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AGM shares. Seaport Res Ptn reaffirmed a “buy” rating on shares of Federal Agricultural Mortgage in a report on Monday, January 23rd. Sidoti raised shares of Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating in a report on Wednesday, March 29th. Finally, StockNews.com assumed coverage on shares of Federal Agricultural Mortgage in a report on Thursday. They set a “hold” rating on the stock.

Federal Agricultural Mortgage Trading Up 2.8 %

AGM opened at $140.41 on Friday. Federal Agricultural Mortgage Co. has a fifty-two week low of $90.38 and a fifty-two week high of $149.37. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 10.15 and a beta of 1.04. The company’s 50 day moving average price is $130.92 and its two-hundred day moving average price is $127.63.

Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last issued its quarterly earnings results on Friday, February 24th. The credit services provider reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.27. The firm had revenue of $79.05 million for the quarter. Federal Agricultural Mortgage had a net margin of 18.83% and a return on equity of 21.45%. As a group, research analysts predict that Federal Agricultural Mortgage Co. will post 13 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a dividend of $1.10 per share. The ex-dividend date is Thursday, June 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.13%. Federal Agricultural Mortgage’s payout ratio is presently 31.81%.

Insider Activity at Federal Agricultural Mortgage

In related news, Director Charles A. Stones sold 344 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $145.54, for a total transaction of $50,065.76. Following the transaction, the director now owns 824 shares in the company, valued at approximately $119,924.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Federal Agricultural Mortgage news, Director Everett M. Dobrinski acquired 582 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were purchased at an average cost of $128.25 per share, with a total value of $74,641.50. Following the completion of the purchase, the director now owns 6,407 shares of the company’s stock, valued at $821,697.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles A. Stones sold 344 shares of the firm’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $145.54, for a total transaction of $50,065.76. Following the completion of the transaction, the director now directly owns 824 shares in the company, valued at $119,924.96. The disclosure for this sale can be found here. 2.21% of the stock is owned by corporate insiders.

About Federal Agricultural Mortgage

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Federal Agricultural Mortgage Corp. is a stockholder-owned, federally chartered corporation. engages in the provision of a secondary market for agricultural real estate and rural housing mortgage loans, rural utilities loans, and loans guaranteed by the United States Department of Agriculture. It combines private capital and public sponsorship to serve a public purpose.