International Assets Investment Management LLC Acquires New Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

International Assets Investment Management LLC bought a new position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 95,610 shares of the credit services provider’s stock, valued at approximately $18,283,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new stake in Federal Agricultural Mortgage in the 3rd quarter valued at about $1,437,000. Envestnet Asset Management Inc. grew its holdings in shares of Federal Agricultural Mortgage by 26.0% during the third quarter. Envestnet Asset Management Inc. now owns 58,409 shares of the credit services provider’s stock valued at $9,013,000 after buying an additional 12,053 shares during the last quarter. American Century Companies Inc. increased its position in shares of Federal Agricultural Mortgage by 15.0% during the third quarter. American Century Companies Inc. now owns 77,709 shares of the credit services provider’s stock worth $11,990,000 after acquiring an additional 10,133 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Federal Agricultural Mortgage by 14.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 641 shares of the credit services provider’s stock worth $99,000 after acquiring an additional 82 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted 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 acquiring an additional 798 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Price Performance

AGM stock opened at $194.22 on Friday. The company has a market capitalization of $2.11 billion, a P/E ratio of 12.28 and a beta of 1.08. 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 $187.34 and a two-hundred day simple moving average of $178.82. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.46 and a current ratio of 0.46.

Federal Agricultural Mortgage (NYSE:AGM) last announced its earnings results on Friday, February 23rd. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.40. The company had revenue of $354.15 million for the quarter, compared to analysts’ expectations of $86.86 million. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. During the same quarter in the previous year, the firm earned $3.16 earnings per share. Research analysts expect that Federal Agricultural Mortgage Co. will post 17 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $1.40 dividend. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $5.60 annualized dividend and a dividend yield of 2.88%. Federal Agricultural Mortgage’s dividend payout ratio is presently 35.42%.

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.