Victory Capital Management Inc. Acquires 4,611 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Victory Capital Management Inc. lifted its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 111.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,752 shares of the credit services provider's stock after purchasing an additional 4,611 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of Federal Agricultural Mortgage worth $1,674,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position in Federal Agricultural Mortgage by 9.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 702 shares of the credit services provider's stock worth $134,000 after acquiring an additional 61 shares in the last quarter. Riverwater Partners LLC increased its position in shares of Federal Agricultural Mortgage by 0.7% during the fourth quarter. Riverwater Partners LLC now owns 11,372 shares of the credit services provider's stock worth $2,175,000 after acquiring an additional 80 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Federal Agricultural Mortgage by 3.6% in the third quarter. Deutsche Bank AG now owns 5,422 shares of the credit services provider's stock worth $837,000 after acquiring an additional 187 shares in the last quarter. Quantbot Technologies LP purchased a new position in Federal Agricultural Mortgage in the third quarter valued at about $31,000. Finally, Federated Hermes Inc. grew its stake in Federal Agricultural Mortgage by 464.7% during the 3rd quarter. Federated Hermes Inc. now owns 288 shares of the credit services provider's stock valued at $44,000 after purchasing an additional 237 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company's stock.

Federal Agricultural Mortgage Stock Up 0.2 %

NYSE AGM traded up $0.44 on Friday, hitting $181.84. 27,695 shares of the stock traded hands, compared to its average volume of 45,237. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.38. The stock has a 50-day moving average of $186.61 and a 200 day moving average of $181.26. Federal Agricultural Mortgage Co. has a twelve month low of $132.47 and a twelve month high of $199.40. The company has a market capitalization of $1.98 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The credit services provider reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.94 by $0.02. Federal Agricultural Mortgage had a return on equity of 22.01% and a net margin of 13.79%. The firm had revenue of $403.63 million for the quarter, compared to analysts' expectations of $92.22 million. During the same period last year, the business posted $3.56 earnings per share. As a group, analysts expect that Federal Agricultural Mortgage Co. will post 16.66 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 Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, June 14th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is presently 34.15%.

Analyst Ratings Changes

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

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.