International Assets Investment Management LLC Buys New Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

International Assets Investment Management LLC purchased a new stake in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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.

Several other institutional investors have also made changes to their positions in AGM. Ballast Asset Management LP bought a new stake in Federal Agricultural Mortgage during the third quarter worth $3,575,000. Cary Street Partners Investment Advisory LLC lifted its stake in Federal Agricultural Mortgage by 4,095.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 15,271 shares of the credit services provider's stock worth $2,356,000 after purchasing an additional 14,907 shares during the last quarter. EAM Investors LLC bought a new stake in Federal Agricultural Mortgage during the third quarter worth $1,893,000. Envestnet Asset Management Inc. lifted its stake in Federal Agricultural Mortgage by 26.0% during the third quarter. Envestnet Asset Management Inc. now owns 58,409 shares of the credit services provider's stock worth $9,013,000 after purchasing an additional 12,053 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Federal Agricultural Mortgage by 15.0% in the 3rd quarter. American Century Companies Inc. now owns 77,709 shares of the credit services provider's stock valued at $11,990,000 after acquiring an additional 10,133 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors.

Federal Agricultural Mortgage Price Performance

Shares of NYSE AGM traded up $0.87 during mid-day trading on Friday, hitting $194.22. 33,491 shares of the stock traded hands, compared to its average volume of 40,103. The company has a market cap of $2.11 billion, a PE ratio of 12.28 and a beta of 1.08. Federal Agricultural Mortgage Co. has a twelve month low of $122.96 and a twelve month high of $199.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a 50 day simple moving average of $187.34 and a two-hundred day simple moving average of $179.05.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its quarterly earnings results on Friday, February 23rd. The credit services provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.40. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. The company had revenue of $354.15 million for the quarter, compared to analysts' expectations of $86.86 million. During the same period in the previous year, the business posted $3.16 earnings per share. As a group, equities research analysts forecast that Federal Agricultural Mortgage Co. will post 17 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, March 14th. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.10. Federal Agricultural Mortgage's payout ratio is 35.42%.

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.