Alliancebernstein L.P. Has $1.75 Million Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Alliancebernstein L.P. lowered its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,862 shares of the credit services provider’s stock after selling 1,397 shares during the quarter. Alliancebernstein L.P. owned 0.08% of Federal Agricultural Mortgage worth $1,745,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in shares of Federal Agricultural Mortgage in the 4th quarter valued at $25,000. Venturi Wealth Management LLC acquired a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at approximately $100,000. Parkside Financial Bank & Trust increased its position in shares of Federal Agricultural Mortgage by 7.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider’s stock worth $198,000 after acquiring an additional 66 shares in the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Federal Agricultural Mortgage during the fourth quarter worth $208,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Federal Agricultural Mortgage in the 4th quarter valued at $209,000. Institutional investors own 68.03% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $513,025.00. Following the transaction, the director now directly owns 8,644 shares in the company, valued at approximately $1,773,835.24. The trade was a 22.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert G. Sexton purchased 1,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $195.62 per share, with a total value of $195,620.00. Following the purchase, the director now owns 13,517 shares of the company’s stock, valued at approximately $2,644,195.54. The trade was a 7.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their target price on 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 Stock Up 2.1 %

Shares of Federal Agricultural Mortgage stock opened at $174.42 on Friday. Federal Agricultural Mortgage Co. has a 52-week low of $159.64 and a 52-week high of $217.60. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The business’s 50 day simple moving average is $190.43 and its 200 day simple moving average is $194.92. The firm has a market cap of $1.90 billion, a PE ratio of 10.60, a P/E/G ratio of 1.69 and a beta of 1.01.

Federal Agricultural Mortgage (NYSE:AGM) last announced its earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, topping the consensus estimate 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 business had revenue of $101.26 million during the quarter, compared to analysts’ expectations of $92.81 million. During the same quarter in the prior year, the company posted $4.10 earnings per share. On average, analysts predict that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $1.50 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.44%. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. Federal Agricultural Mortgage’s payout ratio is currently 36.47%.

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.