Federal Agricultural Mortgage Corporation $AGM Shares Purchased by Boston Partners

Boston Partners boosted its holdings in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,637 shares of the credit services provider’s stock after acquiring an additional 4,764 shares during the period. Boston Partners owned 3.85% of Federal Agricultural Mortgage worth $80,137,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of AGM. Allworth Financial LP grew its position in shares of Federal Agricultural Mortgage by 12,800.0% in the second quarter. Allworth Financial LP now owns 129 shares of the credit services provider’s stock valued at $25,000 after purchasing an additional 128 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Federal Agricultural Mortgage during the first quarter worth $34,000. AlphaQuest LLC grew its holdings in Federal Agricultural Mortgage by 106.3% in the 1st quarter. AlphaQuest LLC now owns 751 shares of the credit services provider’s stock valued at $141,000 after buying an additional 387 shares in the last quarter. Dakota Wealth Management acquired a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter worth $223,000. Finally, Callan Family Office LLC acquired a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter worth $232,000. 68.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AGM. Wall Street Zen raised shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Keefe, Bruyette & Woods raised shares of Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and increased their price target for the company from $217.00 to $219.00 in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Federal Agricultural Mortgage in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Federal Agricultural Mortgage has a consensus rating of “Moderate Buy” and a consensus target price of $219.00.

Insider Activity

In other Federal Agricultural Mortgage news, insider Gregory Ramsey sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $206.71, for a total value of $310,065.00. Following the completion of the transaction, the insider owned 3,085 shares of the company’s stock, valued at $637,700.35. This trade represents a 32.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Zachary Carpenter sold 293 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $205.09, for a total value of $60,091.37. Following the sale, the executive vice president directly owned 10,532 shares in the company, valued at $2,160,007.88. This represents a 2.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 6,017 shares of company stock valued at $1,240,807. 2.21% of the stock is currently owned by company insiders.

Federal Agricultural Mortgage Stock Up 0.8%

NYSE:AGM opened at $166.87 on Thursday. Federal Agricultural Mortgage Corporation has a 52 week low of $155.00 and a 52 week high of $217.14. The stock’s fifty day moving average is $171.55 and its two-hundred day moving average is $181.90. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.95.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Monday, November 3rd. The credit services provider reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.09. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%.The firm had revenue of $105.09 million for the quarter, compared to the consensus estimate of $100.94 million. Research analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, December 15th. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.17%.

About Federal Agricultural Mortgage

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.