20,517 Shares in Federal Agricultural Mortgage Corporation $AGM Acquired by Kingsview Wealth Management LLC

Key Points

• Kingsview Wealth Management LLC opened a new position in Federal Agricultural Mortgage (AGM) in Q3, buying 20,517 shares worth about $3.45 million and representing roughly 0.19% ownership.
• AGM raised its quarterly dividend to $1.60 per share (annualized $6.40) for a ~4.0% yield, with an ex-dividend/record date of March 16 and payment on March 31.
• In its latest quarter AGM reported EPS of $3.66, missing the $4.50 consensus and posting $101.4M in revenue vs. $107.5M expected; the stock trades at a P/E of 9.59 and carries mixed analyst ratings with a consensus target near $215.

Kingsview Wealth Management LLC acquired a new position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,517 shares of the credit services provider's stock, valued at approximately $3,446,000. Kingsview Wealth Management LLC owned about 0.19% of Federal Agricultural Mortgage as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP increased its position in shares of Federal Agricultural Mortgage by 12,800.0% in the second quarter. Allworth Financial LP now owns 129 shares of the credit services provider's stock valued at $25,000 after buying an additional 128 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Federal Agricultural Mortgage in the 1st quarter valued at about $34,000. Jones Financial Companies Lllp increased its holdings in Federal Agricultural Mortgage by 124.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 271 shares of the credit services provider's stock valued at $47,000 after acquiring an additional 150 shares in the last quarter. CWM LLC increased its holdings in Federal Agricultural Mortgage by 205.8% during the 3rd quarter. CWM LLC now owns 318 shares of the credit services provider's stock valued at $53,000 after acquiring an additional 214 shares in the last quarter. Finally, Byrne Asset Management LLC raised its position in Federal Agricultural Mortgage by 39.0% during the third quarter. Byrne Asset Management LLC now owns 385 shares of the credit services provider's stock worth $65,000 after acquiring an additional 108 shares during the last quarter. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Stock Performance

Shares of AGM opened at $159.66 on Thursday. Federal Agricultural Mortgage Corporation has a 1 year low of $146.69 and a 1 year high of $210.64. The company's 50 day simple moving average is $171.03 and its 200 day simple moving average is $174.69. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.75 and a beta of 0.99. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.57 and a current ratio of 0.57.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The credit services provider reported $3.66 earnings per share for the quarter, missing the consensus estimate of $4.50 by ($0.84). Federal Agricultural Mortgage had a net margin of 15.73% and a return on equity of 17.93%. The business had revenue of $101.39 million during the quarter, compared to analyst estimates of $107.45 million. On average, sell-side analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 4.0%. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.50. The ex-dividend date is Monday, March 16th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is currently 38.46%.

Analyst Ratings Changes

AGM has been the topic of several research reports. Keefe, Bruyette & Woods lowered their price target on shares of Federal Agricultural Mortgage from $219.00 to $215.00 and set an "outperform" rating on the stock in a research report on Monday, February 23rd. Wall Street Zen cut Federal Agricultural Mortgage from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Federal Agricultural Mortgage in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $215.00.

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.

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