Rice Hall James & Associates LLC Sells 17,312 Shares of Federal Agricultural Mortgage Corporation $AGM

Rice Hall James & Associates LLC lowered its position in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 13.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,094 shares of the credit services provider’s stock after selling 17,312 shares during the period. Federal Agricultural Mortgage comprises about 1.0% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 28th biggest holding. Rice Hall James & Associates LLC’s holdings in Federal Agricultural Mortgage were worth $18,494,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC increased its position in shares of Federal Agricultural Mortgage by 106.3% during the 1st quarter. AlphaQuest LLC now owns 751 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 387 shares during the last quarter. Jump Financial LLC purchased a new stake in Federal Agricultural Mortgage during the first quarter valued at approximately $500,000. AQR Capital Management LLC increased its holdings in Federal Agricultural Mortgage by 8.3% during the first quarter. AQR Capital Management LLC now owns 6,702 shares of the credit services provider’s stock valued at $1,257,000 after buying an additional 513 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Federal Agricultural Mortgage by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,469 shares of the credit services provider’s stock worth $1,025,000 after acquiring an additional 267 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Federal Agricultural Mortgage during the 1st quarter worth $833,000. Institutional investors own 68.03% of the company’s stock.

Analyst Ratings Changes

AGM has been the topic of several analyst reports. Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research report on Monday. Finally, Keefe, Bruyette & Woods raised shares of Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from $217.00 to $219.00 in a report on Wednesday, November 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Federal Agricultural Mortgage presently has an average rating of “Moderate Buy” and an average price target of $219.00.

Federal Agricultural Mortgage Stock Performance

Shares of NYSE AGM opened at $177.72 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $1.94 billion, a P/E ratio of 10.12, a P/E/G ratio of 0.92 and a beta of 1.00. The firm’s fifty day moving average is $169.64 and its two-hundred day moving average is $179.47. Federal Agricultural Mortgage Corporation has a 52-week low of $155.00 and a 52-week high of $212.24.

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

Federal Agricultural Mortgage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, December 15th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 34.17%.

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.