Kingswood Wealth Advisors LLC Makes New Investment in Federal Agricultural Mortgage Co. (NYSE:AGM)

Kingswood Wealth Advisors LLC purchased a new stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGMFree Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 1,055 shares of the credit services provider’s stock, valued at approximately $208,000.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Federal Agricultural Mortgage during the fourth quarter worth $18,283,000. American Century Companies Inc. boosted its position in shares of Federal Agricultural Mortgage by 15.0% in the 3rd quarter. American Century Companies Inc. now owns 77,709 shares of the credit services provider’s stock worth $11,990,000 after buying an additional 10,133 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Federal Agricultural Mortgage by 26.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 58,409 shares of the credit services provider’s stock valued at $9,013,000 after acquiring an additional 12,053 shares during the last quarter. UBS Group AG increased its holdings in Federal Agricultural Mortgage by 11.6% during the 4th quarter. UBS Group AG now owns 48,564 shares of the credit services provider’s stock valued at $9,286,000 after acquiring an additional 5,061 shares in the last quarter. Finally, Invesco Ltd. raised its position in Federal Agricultural Mortgage by 8.7% during the third quarter. Invesco Ltd. now owns 43,422 shares of the credit services provider’s stock worth $6,700,000 after acquiring an additional 3,481 shares during the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $212.00 price objective (down from $225.00) on shares of Federal Agricultural Mortgage in a research note on Wednesday, May 8th.

Read Our Latest Report on AGM

Federal Agricultural Mortgage Stock Up 1.4 %

AGM opened at $180.82 on Friday. The firm has a market cap of $1.97 billion, a P/E ratio of 11.03, a PEG ratio of 1.53 and a beta of 1.03. The business’s fifty day simple moving average is $179.12 and its 200 day simple moving average is $183.55. Federal Agricultural Mortgage Co. has a 52 week low of $137.16 and a 52 week high of $199.40. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.38.

Federal Agricultural Mortgage (NYSE:AGMGet Free Report) last released its quarterly earnings results on Monday, May 6th. The credit services provider reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.94 by $0.02. The company had revenue of $403.63 million for the quarter, compared to analysts’ expectations of $92.22 million. Federal Agricultural Mortgage had a net margin of 13.79% and a return on equity of 22.01%. During the same period last year, the company earned $3.56 EPS. As a group, equities research analysts anticipate that Federal Agricultural Mortgage Co. will post 16.67 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $1.40 dividend. The ex-dividend date was Friday, June 14th. This represents a $5.60 annualized dividend and a yield of 3.10%. Federal Agricultural Mortgage’s payout ratio is currently 34.15%.

About Federal Agricultural Mortgage

(Free Report)

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

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