MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,202 shares of the credit services provider’s stock after acquiring an additional 198 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Federal Agricultural Mortgage were worth $1,025,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Blue Trust Inc. purchased a new stake in Federal Agricultural Mortgage during the 4th quarter worth $25,000. Venturi Wealth Management LLC purchased a new stake in shares of Federal Agricultural Mortgage during the 4th quarter valued at about $100,000. Parkside Financial Bank & Trust lifted its position in Federal Agricultural Mortgage by 7.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider’s stock worth $198,000 after acquiring an additional 66 shares in the last quarter. Pictet Asset Management Holding SA acquired a new position in Federal Agricultural Mortgage during the 4th quarter worth approximately $208,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Federal Agricultural Mortgage in the 4th quarter worth approximately $209,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $215.00 target price (down from $230.00) on shares of Federal Agricultural Mortgage in a research report on Monday, May 12th.

Insider Activity at Federal Agricultural Mortgage

In other news, Director Mitchell A. Johnson sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total value of $513,025.00. Following the completion of the sale, the director now directly owns 8,644 shares in the company, valued at approximately $1,773,835.24. The trade was a 22.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sara Louise Faivre-Davis sold 350 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $192.26, for a total value of $67,291.00. Following the transaction, the director now owns 1,751 shares in the company, valued at $336,647.26. This trade represents a 16.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,850 shares of company stock valued at $782,176 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

NYSE:AGM opened at $181.89 on Monday. The firm has a 50-day moving average of $181.15 and a two-hundred day moving average of $194.07. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market cap of $1.99 billion, a P/E ratio of 11.06, a PEG ratio of 1.69 and a beta of 0.97. Federal Agricultural Mortgage Co. has a 1-year low of $159.64 and a 1-year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, topping the consensus estimate of $4.00 by $0.19. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. The business had revenue of $96.79 million for the quarter, compared to analysts’ expectations of $94.33 million. On average, research analysts expect that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $1.50 dividend. The ex-dividend date is Monday, June 16th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.30%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 37.08%.

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.