Boston Partners Has $85.93 Million Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Boston Partners reduced its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 450,404 shares of the credit services provider's stock after selling 25,981 shares during the quarter. Boston Partners owned 4.16% of Federal Agricultural Mortgage worth $85,934,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of AGM. SG Americas Securities LLC purchased a new stake in shares of Federal Agricultural Mortgage during the third quarter valued at approximately $147,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Federal Agricultural Mortgage by 68.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,654 shares of the credit services provider's stock worth $255,000 after buying an additional 673 shares during the period. Strs Ohio boosted its position in Federal Agricultural Mortgage by 65.2% in the 3rd quarter. Strs Ohio now owns 3,800 shares of the credit services provider's stock valued at $586,000 after buying an additional 1,500 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Federal Agricultural Mortgage by 8.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 10,082 shares of the credit services provider's stock valued at $1,556,000 after buying an additional 798 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in shares of Federal Agricultural Mortgage during the third quarter worth about $879,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $212.00 price target (down previously from $225.00) on shares of Federal Agricultural Mortgage in a report on Wednesday, May 8th.

Federal Agricultural Mortgage Stock Up 2.5 %

NYSE AGM traded up $4.34 during trading hours on Tuesday, reaching $180.84. 44,530 shares of the company traded hands, compared to its average volume of 62,481. The stock has a market capitalization of $1.97 billion, a PE ratio of 10.91, a PEG ratio of 1.54 and a beta of 1.08. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.38. Federal Agricultural Mortgage Co. has a 12 month low of $130.10 and a 12 month high of $199.40. The company has a 50 day moving average of $187.02 and a two-hundred day moving average of $180.53.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The credit services provider reported $3.96 EPS for the quarter, topping the consensus estimate of $3.94 by $0.02. Federal Agricultural Mortgage had a net margin of 13.79% and a return on equity of 22.01%. The business had revenue of $403.63 million for the quarter, compared to analysts' expectations of $92.22 million. During the same quarter last year, the company posted $3.56 earnings per share. As a group, equities analysts expect that Federal Agricultural Mortgage Co. will post 16.66 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $1.40 per share. 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 3.10%. The ex-dividend date was Thursday, March 14th. Federal Agricultural Mortgage's dividend payout ratio is currently 34.15%.

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.