Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Acquired by Sunbelt Securities Inc.

Sunbelt Securities Inc. increased its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 194.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 203 shares of the credit services provider’s stock after acquiring an additional 134 shares during the period. Sunbelt Securities Inc.’s holdings in Federal Agricultural Mortgage were worth $40,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AGM. Kingswood Wealth Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage during the first quarter worth about $208,000. Napatree Capital LLC purchased a new position in Federal Agricultural Mortgage in the 4th quarter valued at approximately $255,000. Quadrature Capital Ltd boosted its position in Federal Agricultural Mortgage by 49.6% in the 4th quarter. Quadrature Capital Ltd now owns 13,950 shares of the credit services provider’s stock valued at $2,669,000 after buying an additional 4,628 shares during the period. AdvisorShares Investments LLC acquired a new position in shares of Federal Agricultural Mortgage in the fourth quarter worth $3,414,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Federal Agricultural Mortgage during the fourth quarter worth $497,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Trading Up 1.4 %

NYSE:AGM opened at $180.82 on Monday. Federal Agricultural Mortgage Co. has a 1 year low of $137.16 and a 1 year high of $199.40. The stock has a market cap of $1.97 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.55 and a beta of 1.03. 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 stock has a 50-day simple moving average of $179.12 and a 200-day simple moving average of $183.59.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Monday, May 6th. The credit services provider reported $3.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.94 by $0.02. The firm had revenue of $403.63 million during the quarter, compared to the consensus estimate of $92.22 million. Federal Agricultural Mortgage had a return on equity of 22.01% and a net margin of 13.79%. During the same period in the prior year, the company posted $3.56 earnings per share. As a group, analysts anticipate that Federal Agricultural Mortgage Co. will post 16.67 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $1.40 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $5.60 dividend on an annualized basis and a yield of 3.10%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 34.15%.

Wall Street Analysts Forecast Growth

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

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.