ProShare Advisors LLC lifted its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM – Get Rating) by 9.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,993 shares of the credit services provider’s stock after buying an additional 7,677 shares during the quarter. ProShare Advisors LLC owned approximately 0.82% of Federal Agricultural Mortgage worth $9,545,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP raised its stake in shares of Federal Agricultural Mortgage by 14.3% during the 4th quarter. First Trust Advisors LP now owns 15,005 shares of the credit services provider’s stock worth $1,860,000 after buying an additional 1,881 shares during the last quarter. First Republic Investment Management Inc. increased its position in Federal Agricultural Mortgage by 18.0% during the 4th quarter. First Republic Investment Management Inc. now owns 5,594 shares of the credit services provider’s stock worth $693,000 after purchasing an additional 855 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Federal Agricultural Mortgage by 9.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 196,469 shares of the credit services provider’s stock worth $24,349,000 after purchasing an additional 16,310 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Federal Agricultural Mortgage during the 4th quarter worth about $446,000. Finally, Copeland Capital Management LLC increased its position in Federal Agricultural Mortgage by 1.9% during the 1st quarter. Copeland Capital Management LLC now owns 301,887 shares of the credit services provider’s stock worth $32,749,000 after purchasing an additional 5,698 shares in the last quarter. Institutional investors and hedge funds own 65.92% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Sidoti upgraded Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a $138.00 price objective for the company in a research report on Thursday, May 5th. StockNews.com upgraded Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th.
Federal Agricultural Mortgage Stock Down 1.9 %
AGM opened at $114.28 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.25 and a beta of 0.94. The business has a 50-day moving average of $102.34 and a two-hundred day moving average of $108.59. Federal Agricultural Mortgage Co. has a 12 month low of $90.38 and a 12 month high of $137.01.
Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The credit services provider reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. Federal Agricultural Mortgage had a return on equity of 19.71% and a net margin of 31.96%.
Federal Agricultural Mortgage Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $3.80 annualized dividend and a yield of 3.33%. Federal Agricultural Mortgage’s dividend payout ratio is currently 30.74%.
Federal Agricultural Mortgage Company Profile
(Get Rating)
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.
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Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Acquired by ProShare Advisors LLC & Latest News Update
Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Acquired by ProShare Advisors LLC & More Live News
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