Price T Rowe Associates Inc. MD raised its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM – Free Report) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,653 shares of the credit services provider’s stock after purchasing an additional 414 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.12% of Federal Agricultural Mortgage worth $2,492,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth $34,000. Sunbelt Securities Inc. grew its position in Federal Agricultural Mortgage by 194.2% during the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock worth $40,000 after buying an additional 134 shares during the period. SRS Capital Advisors Inc. increased its holdings in Federal Agricultural Mortgage by 304.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 263 shares of the credit services provider’s stock valued at $50,000 after buying an additional 198 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Federal Agricultural Mortgage by 9.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 702 shares of the credit services provider’s stock valued at $134,000 after acquiring an additional 61 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Federal Agricultural Mortgage during the 1st quarter worth approximately $208,000. Institutional investors and hedge funds own 68.03% of the company’s stock.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $215.00 price objective on shares of Federal Agricultural Mortgage in a research note on Tuesday.
Federal Agricultural Mortgage Price Performance
Shares of NYSE AGM opened at $175.78 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.38. The company’s 50-day moving average price is $187.29 and its 200 day moving average price is $185.96. Federal Agricultural Mortgage Co. has a 52 week low of $140.44 and a 52 week high of $217.60. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.70 and a beta of 1.03.
Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 22.01% and a net margin of 13.79%. The business had revenue of $406.23 million for the quarter, compared to analysts’ expectations of $91.77 million. During the same period last year, the business earned $3.86 earnings per share. As a group, research analysts forecast that Federal Agricultural Mortgage Co. will post 16.67 earnings per share for the current fiscal year.
Federal Agricultural Mortgage Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $1.40 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $5.60 annualized dividend and a dividend yield of 3.19%. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.15%.
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.
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