Riverwater Partners LLC Grows Stock Holdings in Federal Agricultural Mortgage Corporation $AGM

Riverwater Partners LLC raised its position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 48.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,160 shares of the credit services provider’s stock after buying an additional 3,293 shares during the quarter. Riverwater Partners LLC owned about 0.09% of Federal Agricultural Mortgage worth $1,784,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Swiss National Bank lifted its position in shares of Federal Agricultural Mortgage by 1.7% during the fourth quarter. Swiss National Bank now owns 18,481 shares of the credit services provider’s stock valued at $3,245,000 after buying an additional 300 shares during the last quarter. First Wilshire Securities Management Inc. lifted its position in shares of Federal Agricultural Mortgage by 0.3% during the fourth quarter. First Wilshire Securities Management Inc. now owns 26,616 shares of the credit services provider’s stock valued at $4,673,000 after buying an additional 72 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Federal Agricultural Mortgage by 13.1% during the fourth quarter. Empowered Funds LLC now owns 61,966 shares of the credit services provider’s stock valued at $10,879,000 after buying an additional 7,163 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Federal Agricultural Mortgage during the fourth quarter valued at about $515,000. Finally, Deutsche Bank AG lifted its position in shares of Federal Agricultural Mortgage by 1.9% during the fourth quarter. Deutsche Bank AG now owns 22,969 shares of the credit services provider’s stock valued at $4,033,000 after buying an additional 428 shares during the last quarter. 68.03% of the stock is owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Stock Performance

AGM opened at $181.23 on Friday. Federal Agricultural Mortgage Corporation has a 52-week low of $136.57 and a 52-week high of $210.64. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.93. The company has a market cap of $1.97 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 0.83 and a beta of 1.00. The firm’s 50-day moving average price is $171.72 and its 200-day moving average price is $169.22.

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

Federal Agricultural Mortgage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.60 per share. The ex-dividend date is Monday, June 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.5%. Federal Agricultural Mortgage’s dividend payout ratio is 36.82%.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research report on Tuesday. Wall Street Zen upgraded shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Keefe, Bruyette & Woods upped their price objective 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 research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Federal Agricultural Mortgage presently has an average rating of “Moderate Buy” and an average price target of $228.00.

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.