Parkside Financial Bank & Trust Has $198,000 Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Parkside Financial Bank & Trust grew its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,004 shares of the credit services provider’s stock after purchasing an additional 66 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Federal Agricultural Mortgage were worth $198,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. US Bancorp DE grew its position in Federal Agricultural Mortgage by 7.3% during the third quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock worth $207,000 after buying an additional 75 shares in the last quarter. Principal Financial Group Inc. grew its position in Federal Agricultural Mortgage by 10.3% during the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock worth $59,911,000 after buying an additional 29,917 shares in the last quarter. Atria Investments Inc grew its position in Federal Agricultural Mortgage by 0.7% during the third quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider’s stock worth $1,637,000 after buying an additional 57 shares in the last quarter. Barnett & Company Inc. grew its position in Federal Agricultural Mortgage by 1.5% during the third quarter. Barnett & Company Inc. now owns 45,364 shares of the credit services provider’s stock worth $8,502,000 after buying an additional 650 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Federal Agricultural Mortgage by 1.8% during the third quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock worth $724,000 after buying an additional 70 shares in the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction that occurred on 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bradford T. Nordholm sold 5,073 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the completion of the transaction, the chief executive officer now owns 41,104 shares of the company’s stock, valued at $8,770,360.48. This trade represents a 10.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.58% of the company’s stock.

Federal Agricultural Mortgage Stock Up 3.6 %

NYSE AGM opened at $209.13 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The stock’s 50 day moving average is $196.94 and its two-hundred day moving average is $195.39. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 1.69 and a beta of 1.08. Federal Agricultural Mortgage Co. has a 1-year low of $169.17 and a 1-year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.17 by $0.46. The company had revenue of $101.26 million for 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 business earned $4.10 earnings per share. Equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.87%. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Friday, March 14th. Federal Agricultural Mortgage’s payout ratio is presently 36.47%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their target price 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.

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.