Applied Capital LLC FL Purchases Shares of 3,654 Federal Agricultural Mortgage Co. (NYSE:AGM)

Applied Capital LLC FL purchased a new stake in Federal Agricultural Mortgage Co. (NYSE:AGM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,654 shares of the credit services provider’s stock, valued at approximately $719,000.

Other large investors also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in Federal Agricultural Mortgage during the fourth quarter worth approximately $34,000. Sunbelt Securities Inc. lifted its position in shares of Federal Agricultural Mortgage by 194.2% in the 1st quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock valued at $40,000 after acquiring an additional 134 shares in the last quarter. Federated Hermes Inc. lifted its position 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 acquiring an additional 237 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Federal Agricultural Mortgage by 304.6% in 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 in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Federal Agricultural Mortgage by 9.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 702 shares of the credit services provider’s stock valued at $134,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Federal Agricultural Mortgage Stock Up 0.6 %

AGM stock traded up $1.14 during midday trading on Tuesday, reaching $182.48. The company had a trading volume of 23,783 shares, compared to its average volume of 59,505. Federal Agricultural Mortgage Co. has a 1 year low of $137.16 and a 1 year 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. The company has a market capitalization of $1.99 billion, a P/E ratio of 11.06, a PEG ratio of 1.55 and a beta of 1.03. The company has a 50 day moving average of $179.02 and a two-hundred day moving average of $183.59.

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

Federal Agricultural Mortgage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $1.40 per share. The ex-dividend date was Friday, June 14th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.07%. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.15%.

Federal Agricultural Mortgage Company 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.