Northwestern Mutual Wealth Management Co. Raises Stock Holdings in Federal Agricultural Mortgage Corporation $AGM

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 261,128.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,002 shares of the credit services provider’s stock after acquiring an additional 127,953 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 1.17% of Federal Agricultural Mortgage worth $22,473,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital World Investors bought a new position in Federal Agricultural Mortgage during the third quarter valued at $46,324,000. Man Group plc grew its holdings in Federal Agricultural Mortgage by 1,262.0% during the third quarter. Man Group plc now owns 47,508 shares of the credit services provider’s stock valued at $7,980,000 after purchasing an additional 44,020 shares during the period. Thrivent Financial for Lutherans grew its holdings in Federal Agricultural Mortgage by 11.4% during the third quarter. Thrivent Financial for Lutherans now owns 420,679 shares of the credit services provider’s stock valued at $70,665,000 after purchasing an additional 43,160 shares during the period. Marshall Wace LLP grew its holdings in Federal Agricultural Mortgage by 309.3% during the third quarter. Marshall Wace LLP now owns 37,601 shares of the credit services provider’s stock valued at $6,316,000 after purchasing an additional 28,414 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Federal Agricultural Mortgage by 18.3% during the third quarter. Raymond James Financial Inc. now owns 182,745 shares of the credit services provider’s stock valued at $30,697,000 after purchasing an additional 28,228 shares during the period. 68.03% of the stock is owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Price Performance

Federal Agricultural Mortgage stock opened at $171.03 on Wednesday. Federal Agricultural Mortgage Corporation has a one year low of $136.57 and a one year high of $210.64. The business has a fifty day moving average price of $161.18 and a 200-day moving average price of $167.41. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $1.86 billion, a P/E ratio of 9.84, a PEG ratio of 0.80 and a beta of 1.02.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $4.74 EPS for the quarter, topping analysts’ consensus estimates of $4.44 by $0.30. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%.The firm had revenue of $109.13 million during the quarter, compared to analyst estimates of $110.76 million. As a group, equities research analysts forecast that Federal Agricultural Mortgage Corporation will post 19.75 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.82%.

Analyst Upgrades and Downgrades

AGM has been the subject of several research reports. Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods increased their price objective on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $228.00.

Federal Agricultural Mortgage Profile

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.