SG Americas Securities LLC Grows Position in Federal Agricultural Mortgage Corporation $AGM

SG Americas Securities LLC lifted its position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 90.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,204 shares of the credit services provider’s stock after purchasing an additional 3,420 shares during the quarter. SG Americas Securities LLC’s holdings in Federal Agricultural Mortgage were worth $1,210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its position in Federal Agricultural Mortgage by 12,800.0% during the second quarter. Allworth Financial LP now owns 129 shares of the credit services provider’s stock valued at $25,000 after buying an additional 128 shares during the period. Acadian Asset Management LLC bought a new position in shares of Federal Agricultural Mortgage in the 1st quarter worth about $34,000. CWM LLC lifted its position in Federal Agricultural Mortgage by 205.8% during the 3rd quarter. CWM LLC now owns 318 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 214 shares during the period. Byrne Asset Management LLC boosted its stake in Federal Agricultural Mortgage by 39.0% during the third quarter. Byrne Asset Management LLC now owns 385 shares of the credit services provider’s stock worth $65,000 after acquiring an additional 108 shares in the last quarter. Finally, KBC Group NV grew its holdings in Federal Agricultural Mortgage by 105.4% in the second quarter. KBC Group NV now owns 382 shares of the credit services provider’s stock worth $74,000 after purchasing an additional 196 shares during the period. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Price Performance

Shares of AGM opened at $172.42 on Friday. Federal Agricultural Mortgage Corporation has a twelve month low of $155.00 and a twelve month high of $212.24. The company has a market capitalization of $1.88 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99. The firm has a 50 day moving average of $173.48 and a 200 day moving average of $177.52. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.81.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Monday, November 3rd. The credit services provider reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.09. The business had revenue of $97.77 million for the quarter, compared to analysts’ expectations of $100.94 million. Federal Agricultural Mortgage had a return on equity of 18.63% and a net margin of 13.38%. As a group, equities research analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, December 15th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 34.17%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AGM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a report on Monday, December 22nd. Wall Street Zen cut Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Finally, Keefe, Bruyette & Woods raised Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from $217.00 to $219.00 in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $219.00.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.