10,262 Shares in Federal Agricultural Mortgage Corporation $AGM Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in Federal Agricultural Mortgage Corporation (NYSE:AGM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,262 shares of the credit services provider’s stock, valued at approximately $1,802,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its holdings in shares of Federal Agricultural Mortgage by 3.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 436,786 shares of the credit services provider’s stock valued at $76,686,000 after acquiring an additional 16,107 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Federal Agricultural Mortgage by 5.9% during the third quarter. Captrust Financial Advisors now owns 312,646 shares of the credit services provider’s stock valued at $52,518,000 after acquiring an additional 17,293 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Federal Agricultural Mortgage by 9.6% during the third quarter. American Century Companies Inc. now owns 288,701 shares of the credit services provider’s stock valued at $48,496,000 after acquiring an additional 25,305 shares in the last quarter. Capital World Investors bought a new position in shares of Federal Agricultural Mortgage during the third quarter valued at $46,324,000. Finally, Raymond James Financial Inc. increased its holdings in shares of 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 acquiring an additional 28,228 shares in the last quarter. 68.03% of the stock is currently owned by institutional investors.

Federal Agricultural Mortgage Stock Performance

AGM opened at $177.73 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.93. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.82 and a beta of 1.02. The company’s 50 day moving average is $163.81 and its 200 day moving average is $168.08. Federal Agricultural Mortgage Corporation has a 12-month low of $136.57 and a 12-month high of $210.64.

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

Federal Agricultural Mortgage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, June 15th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 36.82%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AGM. Wall Street Zen upgraded shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods increased their price target on shares of Federal Agricultural Mortgage from $215.00 to $228.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.