3,654 Shares in Federal Agricultural Mortgage Co. (NYSE:AGM) Bought by Applied Capital LLC FL

Applied Capital LLC FL acquired a new position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) during the first quarter, HoldingsChannel reports. The firm acquired 3,654 shares of the credit services provider’s stock, valued at approximately $719,000.

Other hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in shares of Federal Agricultural Mortgage in the 4th quarter valued at about $34,000. Sunbelt Securities Inc. boosted its holdings in shares of Federal Agricultural Mortgage by 194.2% during the 1st 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. Federated Hermes Inc. boosted its holdings in shares of Federal Agricultural Mortgage by 464.7% during the 3rd quarter. Federated Hermes Inc. now owns 288 shares of the credit services provider’s stock worth $44,000 after buying an additional 237 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of Federal Agricultural Mortgage by 304.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 263 shares of the credit services provider’s stock worth $50,000 after buying an additional 198 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings 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 worth $134,000 after buying an additional 61 shares during the period. Institutional investors own 68.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $212.00 target price (down previously from $225.00) on shares of Federal Agricultural Mortgage in a report on Wednesday, May 8th.

Federal Agricultural Mortgage Stock Performance

Federal Agricultural Mortgage stock traded up $1.14 during midday trading on Tuesday, hitting $182.48. The company’s stock had a trading volume of 23,783 shares, compared to its average volume of 59,505. Federal Agricultural Mortgage Co. has a 1-year low of $137.16 and a 1-year high of $199.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.46 and a quick ratio of 0.46. The company has a 50-day moving average price of $179.02 and a two-hundred day moving average price of $183.59. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.55 and a beta of 1.03.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Monday, May 6th. The credit services provider reported $3.96 earnings per share for the quarter, topping the consensus estimate of $3.94 by $0.02. Federal Agricultural Mortgage had a net margin of 13.79% and a return on equity of 22.01%. The business had revenue of $403.63 million during the quarter, compared to analysts’ expectations of $92.22 million. During the same quarter in the previous year, the company earned $3.56 EPS. As a group, sell-side analysts predict that Federal Agricultural Mortgage Co. will post 16.67 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Friday, June 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 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.