Coldstream Capital Management Inc. Reduces Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Coldstream Capital Management Inc. trimmed its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,133 shares of the credit services provider’s stock after selling 195 shares during the period. Coldstream Capital Management Inc.’s holdings in Federal Agricultural Mortgage were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of AGM. Blue Trust Inc. acquired a new position in shares of Federal Agricultural Mortgage in the 4th quarter valued at about $25,000. Venturi Wealth Management LLC acquired a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth about $100,000. Parkside Financial Bank & Trust boosted its stake in shares of Federal Agricultural Mortgage by 7.0% in 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 during the last quarter. Pictet Asset Management Holding SA acquired a new stake in Federal Agricultural Mortgage during the 4th quarter worth $208,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Federal Agricultural Mortgage during the 4th quarter valued at about $209,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Federal Agricultural Mortgage

In related news, CFO Aparna Ramesh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $201.86, for a total value of $201,860.00. Following the completion of the sale, the chief financial officer now directly owns 9,242 shares of the company’s stock, valued at $1,865,590.12. This represents a 9.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage 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 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. 2.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Federal Agricultural Mortgage Price Performance

Shares of AGM opened at $178.84 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market cap of $1.95 billion, a PE ratio of 10.87, a P/E/G ratio of 1.69 and a beta of 0.97. The firm has a 50-day simple moving average of $184.84 and a two-hundred day simple moving average of $194.31. Federal Agricultural Mortgage Co. has a 1-year low of $159.64 and a 1-year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last released its 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 company had revenue of $101.26 million during the quarter, compared to the consensus estimate of $92.81 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. During the same period in the previous year, the company posted $4.10 EPS. As a group, 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. Shareholders of record on Friday, March 14th were given a $1.50 dividend. The ex-dividend date was Friday, March 14th. This represents a $6.00 dividend on an annualized basis and a yield of 3.35%. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. Federal Agricultural Mortgage’s dividend payout ratio (DPR) 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.