Stifel Financial Corp lessened its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM – Free Report) by 9.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,964 shares of the credit services provider’s stock after selling 1,575 shares during the period. Stifel Financial Corp owned 0.14% of Federal Agricultural Mortgage worth $2,309,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Federal Agricultural Mortgage in the 3rd quarter worth $31,000. Coppell Advisory Solutions Corp. bought a new position in shares of Federal Agricultural Mortgage during the 4th quarter valued at about $38,000. Point72 Middle East FZE bought a new position in shares of Federal Agricultural Mortgage during the 4th quarter valued at about $59,000. Ensign Peak Advisors Inc bought a new position in shares of Federal Agricultural Mortgage during the 3rd quarter valued at about $63,000. Finally, Captrust Financial Advisors boosted its holdings in shares of Federal Agricultural Mortgage by 22.9% during the 2nd quarter. Captrust Financial Advisors now owns 913 shares of the credit services provider’s stock valued at $89,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.
Federal Agricultural Mortgage Stock Up 1.5 %
AGM opened at $185.16 on Friday. The firm has a 50-day simple moving average of $184.77 and a two-hundred day simple moving average of $170.92. Federal Agricultural Mortgage Co. has a 52 week low of $122.10 and a 52 week high of $199.40. The company has a market capitalization of $2.01 billion, a PE ratio of 11.71 and a beta of 1.06. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.51.
Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The credit services provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.40. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. The firm had revenue of $354.15 million during the quarter, compared to the consensus estimate of $86.86 million. During the same quarter last year, the firm earned $3.16 EPS. Analysts forecast that Federal Agricultural Mortgage Co. will post 17 earnings per share for the current fiscal year.
Federal Agricultural Mortgage Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be issued a $1.40 dividend. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. The ex-dividend date is Thursday, March 14th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.02%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 27.83%.
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 Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy segments. 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.
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