Federal Agricultural Mortgage Corporation $AGM Stock Holdings Increased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Federal Agricultural Mortgage Corporation by 11% in Q1, acquiring an additional 24,289 shares and holding approximately 2.25% of the company valued at $45.86 million.
• Federal Agricultural Mortgage reported earnings of $4.32 per share, exceeding expectations, along with a revenue of $100.51 million in its latest quarterly results.
• The company announced a quarterly dividend of $1.50, which will be paid on September 30, representing a yield of 3.1% and an annualized dividend of $6.00.

American Century Companies Inc. boosted its position in Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 11.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 244,550 shares of the credit services provider's stock after acquiring an additional 24,289 shares during the quarter. American Century Companies Inc. owned 2.25% of Federal Agricultural Mortgage worth $45,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGM. KBC Group NV acquired a new position in Federal Agricultural Mortgage in the first quarter valued at $35,000. Byrne Asset Management LLC lifted its stake in shares of Federal Agricultural Mortgage by 116.1% during the first quarter. Byrne Asset Management LLC now owns 242 shares of the credit services provider's stock worth $45,000 after purchasing an additional 130 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Federal Agricultural Mortgage during the first quarter worth about $54,000. Focus Partners Wealth acquired a new position in shares of Federal Agricultural Mortgage during the fourth quarter worth about $237,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Federal Agricultural Mortgage during the first quarter worth about $257,000. Institutional investors and hedge funds own 68.03% of the company's stock.

Federal Agricultural Mortgage Stock Up 0.4%

Shares of NYSE AGM traded up $0.75 during midday trading on Tuesday, reaching $205.85. 78,560 shares of the company's stock were exchanged, compared to its average volume of 70,673. Federal Agricultural Mortgage Corporation has a 52-week low of $159.64 and a 52-week high of $217.14. The stock has a market capitalization of $2.25 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.06 and a beta of 1.02. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.54 and a current ratio of 0.54. The business's fifty day moving average price is $186.25 and its two-hundred day moving average price is $187.19.

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

Federal Agricultural Mortgage Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Eric T. Mckissack sold 728 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $192.37, for a total value of $140,045.36. Following the completion of the sale, the director directly owned 2,357 shares of the company's stock, valued at $453,416.09. The trade was a 23.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.21% of the stock is currently owned by corporate insiders.

Federal Agricultural Mortgage Company 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.