Federal Agricultural Mortgage Corporation $AGM Shares Bought by Riverwater Partners LLC

Riverwater Partners LLC increased its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 48.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,160 shares of the credit services provider’s stock after buying an additional 3,293 shares during the quarter. Riverwater Partners LLC’s holdings in Federal Agricultural Mortgage were worth $1,784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Swiss National Bank increased its holdings in Federal Agricultural Mortgage by 1.7% in the 4th quarter. Swiss National Bank now owns 18,481 shares of the credit services provider’s stock worth $3,245,000 after buying an additional 300 shares during the period. First Wilshire Securities Management Inc. increased its holdings in Federal Agricultural Mortgage by 0.3% in the 4th quarter. First Wilshire Securities Management Inc. now owns 26,616 shares of the credit services provider’s stock worth $4,673,000 after buying an additional 72 shares during the period. Empowered Funds LLC increased its holdings in Federal Agricultural Mortgage by 13.1% in the 4th quarter. Empowered Funds LLC now owns 61,966 shares of the credit services provider’s stock worth $10,879,000 after buying an additional 7,163 shares during the period. Janney Montgomery Scott LLC acquired a new position in Federal Agricultural Mortgage in the 4th quarter worth approximately $515,000. Finally, Deutsche Bank AG increased its holdings in Federal Agricultural Mortgage by 1.9% in the 4th quarter. Deutsche Bank AG now owns 22,969 shares of the credit services provider’s stock worth $4,033,000 after buying an additional 428 shares during the period. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Trading Up 0.7%

Federal Agricultural Mortgage stock opened at $181.23 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.93. Federal Agricultural Mortgage Corporation has a 12 month low of $136.57 and a 12 month high of $210.64. The stock’s 50 day simple moving average is $171.72 and its two-hundred day simple moving average is $169.22. The firm has a market cap of $1.97 billion, a PE ratio of 10.43, a P/E/G ratio of 0.83 and a beta of 1.00.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $4.74 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $110.76 million. Analysts anticipate that Federal Agricultural Mortgage Corporation will post 19.75 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, June 15th. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.82%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AGM. Wall Street Zen upgraded shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods increased their price target on shares of Federal Agricultural Mortgage from $215.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.00.

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.