Strs Ohio Trims Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Strs Ohio cut its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,200 shares of the credit services provider’s stock after selling 600 shares during the quarter. Strs Ohio’s holdings in Federal Agricultural Mortgage were worth $611,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AGM. International Assets Investment Management LLC purchased a new position in Federal Agricultural Mortgage during the fourth quarter worth about $18,283,000. Allspring Global Investments Holdings LLC grew its position in Federal Agricultural Mortgage by 943.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 28,355 shares of the credit services provider’s stock worth $5,422,000 after buying an additional 25,638 shares in the last quarter. Ballast Asset Management LP purchased a new position in Federal Agricultural Mortgage during the third quarter worth about $3,575,000. Cary Street Partners Investment Advisory LLC grew its position 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 buying an additional 14,907 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in Federal Agricultural Mortgage during the third quarter worth about $1,893,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Price Performance

Federal Agricultural Mortgage stock opened at $191.03 on Friday. Federal Agricultural Mortgage Co. has a 52 week low of $122.96 and a 52 week high of $199.40. The business has a 50-day simple moving average of $186.58 and a 200 day simple moving average of $176.90. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.51. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 12.08 and a beta of 1.07.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Friday, February 23rd. The credit services provider reported $4.10 EPS 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 business had revenue of $354.15 million during the quarter, compared to analysts’ expectations of $86.86 million. During the same period in the previous year, the business earned $3.16 earnings per share. On average, research analysts forecast that Federal Agricultural Mortgage Co. will post 17 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $1.40 dividend. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Thursday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio is presently 35.42%.

Federal Agricultural Mortgage 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.