Cynosure Group LLC Sells 466 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Cynosure Group LLC decreased its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 23.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,508 shares of the credit services provider’s stock after selling 466 shares during the period. Cynosure Group LLC’s holdings in Federal Agricultural Mortgage were worth $297,000 at the end of the most recent quarter.

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

Insider Transactions at Federal Agricultural Mortgage

In other news, Director Robert G. Sexton purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $195.62 per share, for a total transaction of $195,620.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 value of $513,025.00. Following the completion of the transaction, the director now directly owns 8,644 shares in the company, valued at approximately $1,773,835.24. This trade represents a 22.43 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.21% of the company’s stock.

Analyst Ratings Changes

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

Federal Agricultural Mortgage Stock Down 6.1 %

Shares of NYSE AGM opened at $178.74 on Friday. Federal Agricultural Mortgage Co. has a 1 year low of $169.17 and a 1 year high of $217.60. The firm has a 50-day simple moving average of $197.05 and a two-hundred day simple moving average of $196.19. The company has a market cap of $1.95 billion, a P/E ratio of 10.87, a PEG ratio of 1.69 and a beta of 1.11. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly 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 firm had revenue of $101.26 million for the quarter, compared to the consensus estimate of $92.81 million. During the same period in the prior year, the business posted $4.10 earnings per share. Research analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $1.50 per share. 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 dividend yield of 3.36%. The ex-dividend date of this dividend was Friday, March 14th. Federal Agricultural Mortgage’s payout ratio is currently 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.