2,294 Shares in Federal Agricultural Mortgage Co. (NYSE:AGM) Bought by Quest Partners LLC

Quest Partners LLC purchased a new position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,294 shares of the credit services provider’s stock, valued at approximately $439,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AGM. Quantbot Technologies LP purchased a new position in shares of Federal Agricultural Mortgage in the third quarter valued at $31,000. Principal Securities Inc. purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth about $34,000. Federated Hermes Inc. grew its stake in shares of Federal Agricultural Mortgage by 464.7% in the 3rd quarter. Federated Hermes Inc. now owns 288 shares of the credit services provider’s stock valued at $44,000 after buying an additional 237 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Federal Agricultural Mortgage by 304.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 263 shares of the credit services provider’s stock valued at $50,000 after acquiring an additional 198 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Federal Agricultural Mortgage by 14.7% in the third quarter. Parkside Financial Bank & Trust now owns 641 shares of the credit services provider’s stock worth $99,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reaffirmed 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.

Federal Agricultural Mortgage Price Performance

Shares of Federal Agricultural Mortgage stock traded up $1.09 during midday trading on Friday, hitting $175.76. 27,351 shares of the company traded hands, compared to its average volume of 45,301. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.50 and a beta of 1.08. Federal Agricultural Mortgage Co. has a 12 month low of $132.47 and a 12 month high of $199.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.46 and a current ratio of 0.46. The firm’s fifty day moving average price is $185.41 and its 200-day moving average price is $181.75.

Federal Agricultural Mortgage (NYSE:AGM) last announced its earnings results on Monday, May 6th. The credit services provider reported $3.96 earnings per share for the quarter, beating analysts’ consensus estimates of $3.94 by $0.02. Federal Agricultural Mortgage had a net margin of 13.79% and a return on equity of 22.01%. The business had revenue of $403.63 million for the quarter, compared to the consensus estimate of $92.22 million. During the same period last year, the firm posted $3.56 earnings per share. As a group, sell-side analysts forecast that Federal Agricultural Mortgage Co. will post 16.66 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $1.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.19%. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.15%.

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.