Federal Agricultural Mortgage Corporation $AGM Position Boosted by Empowered Funds LLC

Empowered Funds LLC increased its position in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 55.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,341 shares of the credit services provider’s stock after purchasing an additional 34,375 shares during the period. Empowered Funds LLC’s holdings in Federal Agricultural Mortgage were worth $14,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Federal Agricultural Mortgage by 12.7% in the 1st quarter. Principal Financial Group Inc. now owns 351,330 shares of the credit services provider’s stock worth $52,123,000 after acquiring an additional 39,702 shares in the last quarter. Empirical Finance LLC raised its position in shares of Federal Agricultural Mortgage by 85.9% during the 1st quarter. Empirical Finance LLC now owns 41,592 shares of the credit services provider’s stock valued at $6,170,000 after acquiring an additional 19,217 shares in the last quarter. Militia Capital Management LLC bought a new position in Federal Agricultural Mortgage during the first quarter worth $1,187,000. Riverwater Partners LLC boosted its holdings in Federal Agricultural Mortgage by 48.0% in the fourth quarter. Riverwater Partners LLC now owns 10,160 shares of the credit services provider’s stock worth $1,784,000 after purchasing an additional 3,293 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Federal Agricultural Mortgage by 261,128.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 128,002 shares of the credit services provider’s stock worth $22,473,000 after purchasing an additional 127,953 shares during the period. 68.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Weiss Ratings raised shares of Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Wall Street Zen upgraded shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Federal Agricultural Mortgage from $215.00 to $228.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $228.00.

Federal Agricultural Mortgage Price Performance

Shares of AGM opened at $213.44 on Thursday. Federal Agricultural Mortgage Corporation has a 12 month low of $136.57 and a 12 month high of $216.43. 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 stock has a fifty day moving average price of $192.04 and a 200 day moving average price of $174.41. The company has a market cap of $2.32 billion, a P/E ratio of 12.28, a PEG ratio of 0.98 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $4.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.44 by $0.30. The company had revenue of $109.12 million for the quarter, compared to analysts’ expectations of $110.76 million. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%. On average, research analysts forecast that Federal Agricultural Mortgage Corporation will post 19.75 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, June 15th. Federal Agricultural Mortgage’s payout ratio is presently 36.82%.

Federal Agricultural Mortgage Company 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.