20,517 Shares in Federal Agricultural Mortgage Corporation $AGM Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in Federal Agricultural Mortgage Corporation (NYSE:AGM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,517 shares of the credit services provider’s stock, valued at approximately $3,446,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AGM. Allworth Financial LP boosted its holdings in shares of Federal Agricultural Mortgage by 12,800.0% in the 2nd quarter. Allworth Financial LP now owns 129 shares of the credit services provider’s stock valued at $25,000 after purchasing an additional 128 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Federal Agricultural Mortgage during the 1st quarter worth $34,000. Jones Financial Companies Lllp raised its position in shares of Federal Agricultural Mortgage by 124.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 271 shares of the credit services provider’s stock worth $47,000 after buying an additional 150 shares during the period. CWM LLC boosted its holdings in Federal Agricultural Mortgage by 205.8% in the third 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 last quarter. Finally, Byrne Asset Management LLC boosted its holdings in Federal Agricultural Mortgage by 39.0% in the third quarter. Byrne Asset Management LLC now owns 385 shares of the credit services provider’s stock valued at $65,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Wall Street Analyst Weigh In

AGM has been the subject of several research analyst reports. Wall Street Zen lowered Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research report on Monday, December 22nd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Federal Agricultural Mortgage from $219.00 to $215.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.00.

Federal Agricultural Mortgage Stock Performance

Shares of NYSE:AGM opened at $159.66 on Thursday. The business’s 50-day simple moving average is $171.03 and its 200 day simple moving average is $174.69. The company has a market cap of $1.73 billion, a P/E ratio of 9.59, a PEG ratio of 0.75 and a beta of 0.99. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.57 and a current ratio of 0.57. Federal Agricultural Mortgage Corporation has a one year low of $146.69 and a one year high of $210.64.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Thursday, February 19th. The credit services provider reported $3.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.50 by ($0.84). The firm had revenue of $101.39 million during the quarter, compared to analyst estimates of $107.45 million. Federal Agricultural Mortgage had a net margin of 15.73% and a return on equity of 17.93%. On average, sell-side analysts forecast that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $1.60 per share. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.40 annualized dividend and a yield of 4.0%. Federal Agricultural Mortgage’s payout ratio is presently 38.46%.

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.