Avantax Planning Partners Inc. Makes New Investment in Federal Agricultural Mortgage Co. (NYSE:AGM)

Avantax Planning Partners Inc. purchased a new position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,238 shares of the credit services provider’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AGM. International Assets Investment Management LLC purchased a new position in shares of Federal Agricultural Mortgage during the 4th quarter valued at $18,283,000. Victory Capital Management Inc. grew its stake in shares of Federal Agricultural Mortgage by 111.3% in the 4th quarter. Victory Capital Management Inc. now owns 8,752 shares of the credit services provider’s stock valued at $1,674,000 after buying an additional 4,611 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Federal Agricultural Mortgage by 943.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 28,355 shares of the credit services provider’s stock worth $5,422,000 after buying an additional 25,638 shares during the last quarter. SRS Capital Advisors Inc. raised its position in Federal Agricultural Mortgage by 304.6% during the fourth 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 in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Federal Agricultural Mortgage during the 3rd quarter valued at $1,437,000. 68.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $212.00 price target (down previously from $225.00) on shares of Federal Agricultural Mortgage in a research note on Wednesday, May 8th.

Federal Agricultural Mortgage Stock Performance

Federal Agricultural Mortgage stock traded up $1.09 on Friday, reaching $175.76. 27,351 shares of the stock were exchanged, compared to its average volume of 45,301. The stock has a market cap of $1.91 billion, a PE ratio of 10.72, a PEG ratio of 1.50 and a beta of 1.08. The firm has a fifty day moving average price of $185.41 and a two-hundred day moving average price of $181.75. Federal Agricultural Mortgage Co. has a twelve month low of $132.47 and a twelve month high of $199.40. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.38.

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 the consensus estimate of $3.94 by $0.02. Federal Agricultural Mortgage had a return on equity of 22.01% and a net margin of 13.79%. The firm had revenue of $403.63 million during the quarter, compared to the consensus estimate of $92.22 million. During the same quarter in the prior year, the company earned $3.56 EPS. Sell-side analysts anticipate that Federal Agricultural Mortgage Co. will post 16.66 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

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

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.