Riverwater Partners LLC Grows Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

Riverwater Partners LLC boosted its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,760 shares of the credit services provider’s stock after purchasing an additional 230 shares during the quarter. Federal Agricultural Mortgage makes up 1.1% of Riverwater Partners LLC’s portfolio, making the stock its 19th biggest holding. Riverwater Partners LLC owned 0.11% of Federal Agricultural Mortgage worth $2,316,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of 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 buying an additional 6,444 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Federal Agricultural Mortgage by 34.2% in the third quarter. BNP Paribas Financial Markets now owns 6,050 shares of the credit services provider’s stock valued at $1,134,000 after purchasing an additional 1,541 shares during the last quarter. Point72 DIFC Ltd increased its stake in shares of Federal Agricultural Mortgage by 180.0% during the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock worth $68,000 after purchasing an additional 234 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Federal Agricultural Mortgage during the 3rd quarter worth approximately $536,000. Finally, Wellington Management Group LLP lifted its stake 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 valued at $34,215,000 after buying an additional 10,194 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Price Performance

NYSE:AGM opened at $175.18 on Friday. Federal Agricultural Mortgage Co. has a 12-month low of $169.17 and a 12-month high of $217.60. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. The company’s 50-day moving average is $196.62 and its two-hundred day moving average is $196.11. 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 announced its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.46. The business had revenue of $101.26 million for the quarter, compared to the consensus estimate 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 firm posted $4.10 earnings per share. Research analysts expect 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 was paid on Monday, March 31st. Stockholders 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 3.43%. 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%.

Wall Street Analyst Weigh In

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.

Insider Activity at Federal Agricultural Mortgage

In related news, Director Robert G. Sexton purchased 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 13,517 shares of the company’s stock, valued at approximately $2,644,195.54. This trade represents a 7.99 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was 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. This represents a 22.43 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.21% of the company’s stock.

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.