AdvisorNet Financial Inc Boosts Stock Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

AdvisorNet Financial Inc raised its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGMGet Rating) by 370.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,130 shares of the credit services provider’s stock after acquiring an additional 890 shares during the period. AdvisorNet Financial Inc’s holdings in Federal Agricultural Mortgage were worth $110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Federal Agricultural Mortgage by 9.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 196,469 shares of the credit services provider’s stock worth $24,349,000 after buying an additional 16,310 shares in the last quarter. Copeland Capital Management LLC raised its stake in shares of Federal Agricultural Mortgage by 1.9% during the 1st quarter. Copeland Capital Management LLC now owns 301,887 shares of the credit services provider’s stock worth $32,749,000 after buying an additional 5,698 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth approximately $1,681,000. Krane Funds Advisors LLC raised its stake in shares of Federal Agricultural Mortgage by 14.2% during the 1st quarter. Krane Funds Advisors LLC now owns 6,771 shares of the credit services provider’s stock worth $735,000 after buying an additional 840 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Federal Agricultural Mortgage by 41.0% during the 1st quarter. American Century Companies Inc. now owns 54,794 shares of the credit services provider’s stock worth $5,944,000 after buying an additional 15,933 shares in the last quarter. 66.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th.

Federal Agricultural Mortgage Stock Performance

NYSE AGM opened at $108.13 on Thursday. Federal Agricultural Mortgage Co. has a 1-year low of $90.38 and a 1-year high of $137.01. The company has a market capitalization of $1.17 billion, a P/E ratio of 8.75 and a beta of 0.93. The business has a 50 day moving average price of $108.08 and a 200 day moving average price of $106.51. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.46 and a quick ratio of 0.46.

Federal Agricultural Mortgage (NYSE:AGMGet Rating) last released its quarterly earnings data on Monday, August 8th. The credit services provider reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. Federal Agricultural Mortgage had a return on equity of 19.71% and a net margin of 31.96%.

Federal Agricultural Mortgage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, September 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 30.74%.

Federal Agricultural Mortgage Company Profile

(Get Rating)

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.

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Institutional Ownership by Quarter for Federal Agricultural Mortgage (NYSE:AGM)

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