Captrust Financial Advisors Buys 17,293 Shares of Federal Agricultural Mortgage Corporation $AGM

Captrust Financial Advisors increased its stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,646 shares of the credit services provider’s stock after buying an additional 17,293 shares during the quarter. Captrust Financial Advisors owned about 2.87% of Federal Agricultural Mortgage worth $52,518,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew its stake in Federal Agricultural Mortgage by 11.4% during the third quarter. Thrivent Financial for Lutherans now owns 420,679 shares of the credit services provider’s stock worth $70,665,000 after buying an additional 43,160 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Federal Agricultural Mortgage during the 3rd quarter worth approximately $1,063,000. American Century Companies Inc. raised its position in Federal Agricultural Mortgage by 7.7% during the second quarter. American Century Companies Inc. now owns 263,396 shares of the credit services provider’s stock valued at $51,173,000 after purchasing an additional 18,846 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Federal Agricultural Mortgage by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 223,157 shares of the credit services provider’s stock valued at $43,360,000 after purchasing an additional 3,550 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Federal Agricultural Mortgage by 10.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 67,258 shares of the credit services provider’s stock valued at $13,067,000 after purchasing an additional 6,384 shares during the last quarter. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Trading Down 4.4%

NYSE AGM opened at $141.14 on Thursday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.69 and a beta of 0.99. Federal Agricultural Mortgage Corporation has a twelve month low of $140.86 and a twelve month high of $210.64. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 2.00. The business’s fifty day moving average is $166.56 and its 200 day moving average is $171.37.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Thursday, February 19th. The credit services provider reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.84). Federal Agricultural Mortgage had a return on equity of 17.93% and a net margin of 15.73%.The firm had revenue of $101.39 million during the quarter, compared to analyst estimates of $107.45 million. As a group, sell-side analysts expect that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $1.60 per share. The ex-dividend date is Monday, March 16th. This represents a $6.40 annualized dividend and a yield of 4.5%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.50. Federal Agricultural Mortgage’s dividend payout ratio is 38.46%.

Wall Street Analyst Weigh In

AGM has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on Federal Agricultural Mortgage from $219.00 to $215.00 and set an “outperform” rating for the company in a report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research report on Monday, December 22nd. Finally, Wall Street Zen cut shares of Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.00.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.