BNP Paribas Financial Markets raised its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM – Free Report) by 39.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,462 shares of the credit services provider’s stock after buying an additional 1,267 shares during the quarter. BNP Paribas Financial Markets’ holdings in Federal Agricultural Mortgage were worth $878,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust grew its holdings in shares of Federal Agricultural Mortgage by 9.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 702 shares of the credit services provider’s stock valued at $134,000 after buying an additional 61 shares during the last quarter. Riverwater Partners LLC grew its stake in Federal Agricultural Mortgage by 0.9% during the 1st quarter. Riverwater Partners LLC now owns 11,476 shares of the credit services provider’s stock valued at $2,259,000 after purchasing an additional 104 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Federal Agricultural Mortgage by 194.2% in the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock valued at $40,000 after purchasing an additional 134 shares during the period. Principal Securities Inc. acquired a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at about $34,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of Federal Agricultural Mortgage by 304.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 263 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 198 shares during the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.
Federal Agricultural Mortgage Trading Down 0.7 %
Shares of Federal Agricultural Mortgage stock opened at $209.87 on Friday. Federal Agricultural Mortgage Co. has a 1 year low of $140.44 and a 1 year high of $215.90. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market cap of $2.28 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.82 and a beta of 1.03. The firm has a fifty day moving average price of $181.30 and a 200 day moving average price of $184.30.
Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) last released its quarterly earnings data on Monday, May 6th. The credit services provider reported $3.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $403.63 million during the quarter, compared to analyst estimates of $92.22 million. During the same quarter last year, the business posted $3.56 EPS. Equities research analysts predict that Federal Agricultural Mortgage Co. will post 16.67 earnings per share for the current year.
Federal Agricultural Mortgage Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $1.40 dividend. The ex-dividend date was Friday, June 14th. This represents a $5.60 annualized dividend and a yield of 2.67%. Federal Agricultural Mortgage’s dividend payout ratio is presently 34.15%.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods reiterated 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.
Get Our Latest Stock Report on AGM
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.
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