Atria Wealth Solutions Inc. Makes New $225,000 Investment in Federal Agricultural Mortgage Co. (NYSE:AGM)

Atria Wealth Solutions Inc. purchased a new position in Federal Agricultural Mortgage Co. (NYSE:AGM) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,175 shares of the credit services provider’s stock, valued at approximately $225,000.

A number of other large investors have also bought and sold shares of AGM. Quantbot Technologies LP acquired a new stake in Federal Agricultural Mortgage in the third quarter worth $31,000. Federated Hermes Inc. increased its position in shares of Federal Agricultural Mortgage by 464.7% during the third quarter. Federated Hermes Inc. now owns 288 shares of the credit services provider’s stock worth $44,000 after acquiring an additional 237 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. SG Americas Securities LLC bought a new position in Federal Agricultural Mortgage in the 3rd quarter valued at about $147,000. Finally, Raymond James Trust N.A. acquired a new position in Federal Agricultural Mortgage during the 4th quarter valued at about $217,000. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $212.00 target price (down previously from $225.00) on shares of Federal Agricultural Mortgage in a report on Wednesday.

Federal Agricultural Mortgage Price Performance

AGM opened at $178.31 on Friday. Federal Agricultural Mortgage Co. has a 1 year low of $122.96 and a 1 year high of $199.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 10.87 and a beta of 1.08. The firm’s fifty day moving average price is $187.42 and its two-hundred day moving average price is $179.55.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results 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 net margin of 14.13% and a return on equity of 22.68%. The company had revenue of $403.63 million for the quarter, compared to analyst estimates of $92.22 million. During the same period last year, the firm earned $3.56 earnings per share. As a group, analysts anticipate that Federal Agricultural Mortgage Co. will post 17 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $1.40 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. This represents a $5.60 annualized dividend and a dividend yield of 3.14%. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.15%.

Federal Agricultural Mortgage Company 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.