XTX Topco Ltd Invests $606,000 in Federal Agricultural Mortgage Co. (NYSE:AGM)

XTX Topco Ltd acquired a new stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,077 shares of the credit services provider’s stock, valued at approximately $606,000.

A number of other hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Federal Agricultural Mortgage in the fourth quarter valued at approximately $28,914,000. FIL Ltd increased its stake in shares of Federal Agricultural Mortgage by 21.2% in the 4th quarter. FIL Ltd now owns 28,873 shares of the credit services provider’s stock worth $5,687,000 after acquiring an additional 5,052 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Federal Agricultural Mortgage by 5.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 71,816 shares of the credit services provider’s stock worth $14,144,000 after acquiring an additional 3,933 shares during the period. Wells Fargo & Company MN boosted its position in shares of Federal Agricultural Mortgage by 11.1% during the 4th quarter. Wells Fargo & Company MN now owns 63,206 shares of the credit services provider’s stock valued at $12,448,000 after acquiring an additional 6,317 shares during the last quarter. Finally, Riverwater Partners LLC grew its holdings in shares of Federal Agricultural Mortgage by 2.0% in the fourth quarter. Riverwater Partners LLC now owns 11,760 shares of the credit services provider’s stock valued at $2,316,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 68.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Federal Agricultural Mortgage Price Performance

AGM 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 business has a fifty day moving average of $189.88 and a two-hundred day moving average of $194.86. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58.

Federal Agricultural Mortgage (NYSE:AGM) last issued 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. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. The firm had revenue of $101.26 million for the quarter, compared to analyst estimates of $92.81 million. During the same period in the previous year, the firm earned $4.10 EPS. As a group, 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 company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $1.50 dividend. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. The ex-dividend date was Friday, March 14th. This represents a $6.00 dividend on an annualized basis and a yield of 3.44%. Federal Agricultural Mortgage’s payout ratio is presently 36.47%.

Insiders Place Their Bets

In other news, Director Robert G. Sexton bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 in the company, valued at approximately $2,644,195.54. The trade was a 7.99 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, February 25th. The shares were 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 of the company’s stock, valued at approximately $1,773,835.24. This represents a 22.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is owned by insiders.

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.