Federal Agricultural Mortgage Corporation $AGM Shares Acquired by Deutsche Bank AG

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Deutsche Bank AG lifted its position in Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 33.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,632 shares of the credit services provider's stock after acquiring an additional 4,896 shares during the period. Deutsche Bank AG owned 0.18% of Federal Agricultural Mortgage worth $3,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Federal Agricultural Mortgage by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 106,253 shares of the credit services provider's stock worth $19,924,000 after buying an additional 4,963 shares in the last quarter. Vestcor Inc lifted its position in Federal Agricultural Mortgage by 10.7% during the first quarter. Vestcor Inc now owns 3,100 shares of the credit services provider's stock worth $581,000 after buying an additional 300 shares in the last quarter. XTX Topco Ltd lifted its position in Federal Agricultural Mortgage by 28.4% during the first quarter. XTX Topco Ltd now owns 3,951 shares of the credit services provider's stock worth $741,000 after buying an additional 874 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Federal Agricultural Mortgage during the first quarter worth approximately $849,000. Finally, Empirical Finance LLC purchased a new position in Federal Agricultural Mortgage during the first quarter worth approximately $1,672,000. 68.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Federal Agricultural Mortgage news, Director Eric T. Mckissack sold 728 shares of the company'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 transaction 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. This represents a 23.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Federal Agricultural Mortgage Stock Up 4.6%

NYSE AGM traded up $8.8850 during trading hours on Friday, hitting $204.1350. 43,968 shares of the company were exchanged, compared to its average volume of 73,083. The company has a 50 day moving average of $185.09 and a two-hundred day moving average of $187.13. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.01 and a beta of 1.02. Federal Agricultural Mortgage Corporation has a 52-week low of $159.64 and a 52-week high of $217.14. 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 quarterly earnings data on Thursday, August 7th. The credit services provider reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.29 by $0.03. The business had revenue of $100.51 million during 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%. Equities research analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

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

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.