International Assets Investment Management LLC bought a new stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 95,610 shares of the credit services provider's stock, valued at approximately $18,283,000. International Assets Investment Management LLC owned 0.88% of Federal Agricultural Mortgage 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. Ameritas Investment Partners Inc. boosted its holdings in shares of Federal Agricultural Mortgage by 9.6% in the second quarter. Ameritas Investment Partners Inc. now owns 754 shares of the credit services provider's stock valued at $108,000 after acquiring an additional 66 shares in the last quarter. Riverwater Partners LLC lifted its position in Federal Agricultural Mortgage by 0.7% in the fourth quarter. Riverwater Partners LLC now owns 11,372 shares of the credit services provider's stock worth $2,175,000 after purchasing an additional 80 shares during the period. Parkside Financial Bank & Trust boosted its stake in Federal Agricultural Mortgage by 14.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 641 shares of the credit services provider's stock valued at $99,000 after purchasing an additional 82 shares in the last quarter. Legal & General Group Plc increased its position in shares of Federal Agricultural Mortgage by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 4,101 shares of the credit services provider's stock valued at $400,000 after purchasing an additional 91 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Federal Agricultural Mortgage by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,556 shares of the credit services provider's stock worth $1,540,000 after buying an additional 112 shares in the last quarter. 68.03% of the stock is currently owned by institutional investors.
Federal Agricultural Mortgage Price Performance
AGM stock traded down $3.46 during trading hours on Friday, hitting $181.91. 35,425 shares of the stock traded hands, compared to its average volume of 67,855. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.51. The stock has a 50-day simple moving average of $186.82 and a 200 day simple moving average of $174.79. Federal Agricultural Mortgage Co. has a one year low of $122.96 and a one year high of $199.40. The company has a market cap of $1.97 billion, a P/E ratio of 11.72 and a beta of 1.07.
Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its earnings results on Friday, February 23rd. The credit services provider reported $4.10 EPS for the quarter, topping analysts' consensus estimates of $3.70 by $0.40. The business had revenue of $354.15 million for the quarter, compared to the consensus estimate of $86.86 million. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. During the same period in the previous year, the firm earned $3.16 EPS. Equities analysts forecast that Federal Agricultural Mortgage Co. will post 17 earnings per share for the current year.
Federal Agricultural Mortgage Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.10. This represents a $5.60 annualized dividend and a dividend yield of 3.08%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is currently 35.42%.
About Federal Agricultural Mortgage
(
Free Report)
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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