Jump Financial LLC Makes New $500,000 Investment in Federal Agricultural Mortgage Corporation $AGM

Key Points

• Jump Financial LLC has acquired 2,664 shares in Federal Agricultural Mortgage Corporation valued at approximately $500,000, according to its recent 13F filing.
• Federal Agricultural Mortgage recently reported earnings of $4.32 per share, exceeding analysts' expectations, while also announcing a quarterly dividend of $1.50 per share to be paid on September 30th.
• Keefe, Bruyette & Woods has upgraded their price target for Federal Agricultural Mortgage from $215.00 to $217.00, rating it as "market perform" based on current market performance.

Jump Financial LLC bought a new stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,664 shares of the credit services provider's stock, valued at approximately $500,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AGM. Price T Rowe Associates Inc. MD lifted its position in shares of Federal Agricultural Mortgage by 8.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,388 shares of the credit services provider's stock valued at $1,456,000 after acquiring an additional 597 shares in the last quarter. Northern Trust Corp lifted its position in shares of Federal Agricultural Mortgage by 6.2% in the fourth quarter. Northern Trust Corp now owns 129,874 shares of the credit services provider's stock valued at $25,579,000 after acquiring an additional 7,593 shares in the last quarter. Algert Global LLC purchased a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at about $352,000. Ameriprise Financial Inc. purchased a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at about $357,000. Finally, Baird Financial Group Inc. lifted its position in shares of Federal Agricultural Mortgage by 0.8% in the fourth quarter. Baird Financial Group Inc. now owns 17,872 shares of the credit services provider's stock valued at $3,520,000 after acquiring an additional 135 shares in the last quarter. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Price Performance

Shares of NYSE:AGM traded down $0.55 during mid-day trading on Friday, reaching $205.25. The stock had a trading volume of 79,987 shares, compared to its average volume of 74,172. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.95. The company has a market cap of $2.24 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. Federal Agricultural Mortgage Corporation has a 1 year low of $159.64 and a 1 year high of $217.14. The business's 50 day moving average price is $188.61 and its 200 day moving average price is $187.64.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its earnings results on Thursday, August 7th. The credit services provider reported $4.32 EPS for the quarter, topping analysts' consensus estimates of $4.29 by $0.03. The company had revenue of $100.51 million for the quarter, compared to the consensus estimate of $96.54 million. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%. Research analysts expect that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, September 15th. Federal Agricultural Mortgage's payout ratio is currently 35.34%.

Insider Buying and Selling

In other Federal Agricultural Mortgage news, EVP Zachary Carpenter sold 293 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $205.09, for a total transaction of $60,091.37. Following the sale, the executive vice president directly owned 10,532 shares of the company's stock, valued at $2,160,007.88. The trade was a 2.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric T. Mckissack sold 728 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $192.37, for a total value of $140,045.36. Following the sale, the director directly owned 2,357 shares in the company, valued at $453,416.09. The trade was a 23.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,745 shares of company stock valued at $1,380,853. Insiders own 2.20% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price objective on Federal Agricultural Mortgage from $215.00 to $217.00 and gave the company a "market perform" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $217.00.

Federal Agricultural Mortgage Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.