Northwestern Mutual Wealth Management Co. Buys 127,953 Shares of Federal Agricultural Mortgage Corporation $AGM

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 261,128.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 128,002 shares of the credit services provider’s stock after buying an additional 127,953 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Federal Agricultural Mortgage were worth $22,473,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AGM. Capital World Investors bought a new stake in Federal Agricultural Mortgage during the third quarter valued at $46,324,000. Man Group plc boosted its stake in Federal Agricultural Mortgage by 1,262.0% during the third quarter. Man Group plc now owns 47,508 shares of the credit services provider’s stock valued at $7,980,000 after buying an additional 44,020 shares during the period. Thrivent Financial for Lutherans boosted its stake in Federal Agricultural Mortgage by 11.4% during the third quarter. Thrivent Financial for Lutherans now owns 420,679 shares of the credit services provider’s stock valued at $70,665,000 after buying an additional 43,160 shares during the period. Marshall Wace LLP boosted its stake in Federal Agricultural Mortgage by 309.3% during the third quarter. Marshall Wace LLP now owns 37,601 shares of the credit services provider’s stock valued at $6,316,000 after buying an additional 28,414 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in Federal Agricultural Mortgage by 18.3% during the third quarter. Raymond James Financial Inc. now owns 182,745 shares of the credit services provider’s stock valued at $30,697,000 after buying an additional 28,228 shares during the period. Institutional investors own 68.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AGM shares. Keefe, Bruyette & Woods lifted their price objective on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Federal Agricultural Mortgage presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.00.

Federal Agricultural Mortgage Trading Down 2.1%

NYSE AGM opened at $171.03 on Wednesday. The stock’s 50-day simple moving average is $161.18 and its two-hundred day simple moving average is $167.41. Federal Agricultural Mortgage Corporation has a twelve month low of $136.57 and a twelve month high of $210.64. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.80 and a beta of 1.02.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $4.74 earnings per share for the quarter, beating analysts’ consensus estimates of $4.44 by $0.30. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%.The business had revenue of $109.13 million for the quarter, compared to the consensus estimate of $110.76 million. Research analysts forecast that Federal Agricultural Mortgage Corporation will post 19.75 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $1.60 dividend. The ex-dividend date is Monday, June 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.7%. Federal Agricultural Mortgage’s payout ratio is currently 36.82%.

Federal Agricultural Mortgage Company Profile

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.