Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Purchased by Boston Partners

Boston Partners boosted its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 486,964 shares of the credit services provider’s stock after buying an additional 36,560 shares during the period. Boston Partners owned approximately 4.48% of Federal Agricultural Mortgage worth $95,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in Federal Agricultural Mortgage during the fourth quarter worth about $34,000. Sunbelt Securities Inc. grew its stake 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 purchasing an additional 134 shares during the period. SRS Capital Advisors Inc. increased 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 valued at $50,000 after purchasing an additional 198 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Federal Agricultural Mortgage by 9.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 702 shares of the credit services provider’s stock valued at $134,000 after purchasing an additional 61 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in Federal Agricultural Mortgage during the first quarter worth $205,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut shares of Federal Agricultural Mortgage from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $212.00 to $215.00 in a report on Monday, July 29th.

Federal Agricultural Mortgage Price Performance

NYSE AGM traded down $3.63 during trading hours on Friday, reaching $194.79. The company’s stock had a trading volume of 35,170 shares, compared to its average volume of 53,179. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.46 and a quick ratio of 0.46. Federal Agricultural Mortgage Co. has a 1-year low of $140.44 and a 1-year high of $217.60. The company’s 50-day moving average is $186.92 and its two-hundred day moving average is $186.02. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 1.70 and a beta of 1.03.

Federal Agricultural Mortgage (NYSE:AGM) last announced its earnings results on Monday, May 6th. The credit services provider reported $3.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.94 by $0.02. The firm had revenue of $403.63 million for the quarter, compared to analyst estimates of $92.22 million. Federal Agricultural Mortgage had a return on equity of 22.01% and a net margin of 13.79%. During the same quarter last year, the firm posted $3.56 EPS. On average, equities analysts predict that Federal Agricultural Mortgage Co. will post 16.67 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.87%. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.15%.

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.