Sei Investments Co. Has $6 Million Stake in Federal Agricultural Mortgage Corporation $AGM

Sei Investments Co. raised its position in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 48.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 40,469 shares of the credit services provider’s stock after buying an additional 13,142 shares during the quarter. Sei Investments Co.’s holdings in Federal Agricultural Mortgage were worth $6,004,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in shares of Federal Agricultural Mortgage by 3.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 436,786 shares of the credit services provider’s stock worth $76,686,000 after acquiring an additional 16,107 shares during the period. Captrust Financial Advisors increased its stake in Federal Agricultural Mortgage by 14.8% in the fourth quarter. Captrust Financial Advisors now owns 358,908 shares of the credit services provider’s stock valued at $63,013,000 after acquiring an additional 46,262 shares during the last quarter. Principal Financial Group Inc. raised its position in Federal Agricultural Mortgage by 12.7% during the first quarter. Principal Financial Group Inc. now owns 351,330 shares of the credit services provider’s stock valued at $52,123,000 after purchasing an additional 39,702 shares in the last quarter. Boston Partners raised its position in Federal Agricultural Mortgage by 2.0% during the fourth quarter. Boston Partners now owns 345,551 shares of the credit services provider’s stock valued at $60,191,000 after purchasing an additional 6,800 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Federal Agricultural Mortgage by 44.5% during the fourth quarter. Wellington Management Group LLP now owns 262,931 shares of the credit services provider’s stock worth $46,163,000 after purchasing an additional 80,911 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AGM. 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 upped their price objective on Federal Agricultural Mortgage from $228.00 to $255.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Weiss Ratings raised Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Federal Agricultural Mortgage has an average rating of “Moderate Buy” and an average target price of $255.00.

Federal Agricultural Mortgage Price Performance

AGM stock opened at $237.53 on Tuesday. The company has a 50 day simple moving average of $195.07 and a 200 day simple moving average of $175.60. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.03 and a beta of 0.98. Federal Agricultural Mortgage Corporation has a 1 year low of $136.57 and a 1 year high of $248.29. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.56 and a quick ratio of 0.56.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.40 EPS for the quarter, beating the consensus estimate of $4.87 by $0.53. The business had revenue of $125.01 million during the quarter, compared to the consensus estimate of $113.51 million. Federal Agricultural Mortgage had a net margin of 29.98% and a return on equity of 18.90%. Research analysts anticipate that Federal Agricultural Mortgage Corporation will post 20 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, June 15th. Federal Agricultural Mortgage’s dividend payout ratio is presently 34.95%.

About Federal Agricultural Mortgage

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.