Deutsche Bank AG Grows Position in Federal Agricultural Mortgage Corporation $AGM

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Deutsche Bank AG raised its stake in Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 33.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,632 shares of the credit services provider's stock after purchasing an additional 4,896 shares during the quarter. Deutsche Bank AG owned 0.18% of Federal Agricultural Mortgage worth $3,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AGM. Canada Pension Plan Investment Board bought a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at approximately $1,004,000. MetLife Investment Management LLC raised its holdings in shares of Federal Agricultural Mortgage by 7.2% during the fourth quarter. MetLife Investment Management LLC now owns 5,563 shares of the credit services provider's stock valued at $1,096,000 after acquiring an additional 373 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Federal Agricultural Mortgage by 1.0% during the fourth quarter. Stifel Financial Corp now owns 20,201 shares of the credit services provider's stock valued at $3,979,000 after acquiring an additional 192 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Federal Agricultural Mortgage by 8.8% during 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. Finally, Coppell Advisory Solutions LLC raised its holdings in shares of Federal Agricultural Mortgage by 54.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,802 shares of the credit services provider's stock valued at $355,000 after acquiring an additional 633 shares in the last quarter. Institutional investors own 68.03% of the company's stock.

Insider Activity at Federal Agricultural Mortgage

In other news, Director Eric T. Mckissack sold 728 shares of the stock in a transaction 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 of the company's stock, valued at approximately $453,416.09. This represents a 23.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their target price on Federal Agricultural Mortgage from $215.00 to $217.00 and gave the company 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, Federal Agricultural Mortgage currently has a consensus rating of "Hold" and an average target price of $217.00.

Federal Agricultural Mortgage Stock Up 4.8%

Shares of NYSE AGM traded up $9.3350 during trading on Friday, reaching $204.5850. The company had a trading volume of 109,588 shares, compared to its average volume of 67,041. Federal Agricultural Mortgage Corporation has a 12-month low of $159.64 and a 12-month high of $217.14. The stock has a market cap of $2.24 billion, a PE ratio of 12.05, a P/E/G ratio of 1.05 and a beta of 1.02. The business's 50-day moving average is $185.47 and its 200 day moving average is $187.10. The company has a quick ratio of 0.54, a current 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. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%.The firm had revenue of $100.51 million for the quarter, compared to analysts' expectations of $96.54 million. As a group, equities analysts forecast that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. Federal Agricultural Mortgage's dividend payout ratio is currently 35.34%.

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.