Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust boosted its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 9.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 702 shares of the credit services provider’s stock after purchasing an additional 61 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Federal Agricultural Mortgage were worth $134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AGM. Quantbot Technologies LP purchased a new stake in Federal Agricultural Mortgage during the 3rd quarter worth approximately $31,000. Federated Hermes Inc. increased its holdings in 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 purchasing an additional 237 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Federal Agricultural Mortgage during the 3rd quarter worth approximately $147,000. Raymond James Trust N.A. purchased a new stake in Federal Agricultural Mortgage during the 4th quarter worth approximately $217,000. Finally, Pathstone Family Office LLC purchased a new stake in Federal Agricultural Mortgage during the 3rd quarter worth approximately $219,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Price Performance

AGM stock opened at $190.24 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.51. Federal Agricultural Mortgage Co. has a 52-week low of $122.96 and a 52-week high of $199.40. The stock’s 50 day moving average is $186.44 and its two-hundred day moving average is $176.72. The company has a market capitalization of $2.06 billion, a PE ratio of 12.03 and a beta of 1.07.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Friday, February 23rd. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.40. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. The company had revenue of $354.15 million for the quarter, compared to the consensus estimate of $86.86 million. During the same period in the previous year, the business earned $3.16 EPS. Analysts predict that Federal Agricultural Mortgage Co. will post 17 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.94%. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. The ex-dividend date was Thursday, March 14th. Federal Agricultural Mortgage’s payout ratio is 35.42%.

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.