Federal Agricultural Mortgage Corporation $AGM Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 33.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,632 shares of the credit services provider’s stock after buying an additional 4,896 shares during the quarter. Deutsche Bank AG owned approximately 0.18% of Federal Agricultural Mortgage worth $3,681,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. KBC Group NV acquired a new position in shares of Federal Agricultural Mortgage during the 1st quarter worth approximately $35,000. Byrne Asset Management LLC raised its stake in shares of Federal Agricultural Mortgage by 116.1% during the 1st quarter. Byrne Asset Management LLC now owns 242 shares of the credit services provider’s stock worth $45,000 after buying an additional 130 shares during the period. Versant Capital Management Inc acquired a new position in shares of Federal Agricultural Mortgage during the 1st quarter worth approximately $54,000. Focus Partners Wealth acquired a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth approximately $237,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Federal Agricultural Mortgage during the 1st quarter worth approximately $257,000. 68.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their target price on Federal Agricultural Mortgage from $215.00 to $217.00 and gave the stock a “market perform” rating in a research note on Friday, August 8th.

Federal Agricultural Mortgage Stock Up 1.3%

NYSE AGM opened at $190.98 on Tuesday. The business has a fifty day moving average price of $185.00 and a 200 day moving average price of $187.02. Federal Agricultural Mortgage Corporation has a one year low of $159.64 and a one year high of $217.14. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $2.09 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.97 and a beta of 1.02.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Thursday, August 7th. The credit services provider reported $4.32 EPS for the quarter, beating the consensus estimate of $4.29 by $0.03. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%. The firm had revenue of $100.51 million during the quarter, compared to the consensus estimate of $96.54 million. Research analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 15th. Federal Agricultural Mortgage’s dividend payout ratio is presently 35.34%.

Insider Transactions at Federal Agricultural Mortgage

In other news, Director Eric T. Mckissack sold 728 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $192.37, for a total transaction of $140,045.36. Following the completion of the transaction, the director directly owned 2,357 shares in the company, valued at approximately $453,416.09. This represents a 23.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.21% of the stock is currently owned by insiders.

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.