Charles Schwab Investment Management Inc. Has $19.92 Million Stake in Federal Agricultural Mortgage Corporation $AGM

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Federal Agricultural Mortgage Corporation by 4.9%, holding 106,253 shares valued at approximately $19.92 million at the end of the recent quarter.
• Federal Agricultural Mortgage reported an earnings per share (EPS) of $4.32, surpassing analyst expectations of $4.29, with revenues of $100.51 million for the quarter.
• The company announced a quarterly dividend of $1.50 per share, representing an annualized yield of 3.1% and a current payout ratio of 35.34%.

Charles Schwab Investment Management Inc. boosted its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,253 shares of the credit services provider's stock after purchasing an additional 4,963 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.98% of Federal Agricultural Mortgage worth $19,924,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Captrust Financial Advisors lifted its stake in shares of Federal Agricultural Mortgage by 12.4% in the fourth quarter. Captrust Financial Advisors now owns 255,198 shares of the credit services provider's stock valued at $50,261,000 after buying an additional 28,215 shares in the last quarter. Northern Trust Corp increased its position in shares of Federal Agricultural Mortgage by 6.2% during the fourth quarter. Northern Trust Corp now owns 129,874 shares of the credit services provider's stock worth $25,579,000 after acquiring an additional 7,593 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Federal Agricultural Mortgage by 1.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 72,602 shares of the credit services provider's stock worth $13,614,000 after acquiring an additional 786 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Federal Agricultural Mortgage by 2.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 70,678 shares of the credit services provider's stock worth $13,920,000 after acquiring an additional 1,620 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Federal Agricultural Mortgage by 38.5% in the 4th quarter. Millennium Management LLC now owns 31,630 shares of the credit services provider's stock valued at $6,230,000 after acquiring an additional 8,791 shares in the last quarter. Institutional investors own 68.03% of the company's stock.

Federal Agricultural Mortgage Stock Performance

Shares of AGM opened at $194.9850 on Friday. The stock has a 50 day moving average of $185.09 and a 200 day moving average of $187.13. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.01 and a beta of 1.02. Federal Agricultural Mortgage Corporation has a 12 month low of $159.64 and a 12 month high of $217.14. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.95.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released 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 analysts' expectations of $96.54 million. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%. As a group, sell-side analysts forecast that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, September 15th. Federal Agricultural Mortgage's payout ratio is presently 35.34%.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, Director Eric T. Mckissack sold 728 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $192.37, for a total transaction of $140,045.36. Following the completion of the sale, the director owned 2,357 shares in the company, valued at $453,416.09. This trade represents a 23.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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 report on Friday, August 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $217.00.

About Federal Agricultural Mortgage

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.

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