Federal Agricultural Mortgage (NYSE:AGM) Sets New 1-Year High at $216.31

Federal Agricultural Mortgage Co. (NYSE:AGM) shares hit a new 52-week high on Thursday . The company traded as high as $216.31 and last traded at $216.16, with a volume of 12803 shares trading hands. The stock had previously closed at $207.11.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $212.00 price target (down previously from $225.00) on shares of Federal Agricultural Mortgage in a research report on Wednesday, May 8th.

Federal Agricultural Mortgage Price Performance

The company has a debt-to-equity ratio of 1.38, a current ratio of 0.46 and a quick ratio of 0.46. The company has a 50 day moving average price of $183.76 and a 200 day moving average price of $185.01. The firm has a market cap of $2.34 billion, a PE ratio of 13.12, a PEG ratio of 1.82 and a beta of 1.03.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Monday, May 6th. The credit services provider reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.94 by $0.02. Federal Agricultural Mortgage had a return on equity of 22.01% and a net margin of 13.79%. The company had revenue of $403.63 million for the quarter, compared to analysts’ expectations of $92.22 million. During the same quarter in the previous year, the firm posted $3.56 EPS. Sell-side analysts expect that Federal Agricultural Mortgage Co. will post 16.67 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.40 per share. The ex-dividend date was Friday, June 14th. This represents a $5.60 annualized dividend and a dividend yield of 2.60%. Federal Agricultural Mortgage’s payout ratio is currently 34.15%.

Hedge Funds Weigh In On Federal Agricultural Mortgage

A number of large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in Federal Agricultural Mortgage during the fourth quarter worth about $18,283,000. Quadrature Capital Ltd grew its holdings in shares of Federal Agricultural Mortgage by 49.6% in the 4th quarter. Quadrature Capital Ltd now owns 13,950 shares of the credit services provider’s stock worth $2,669,000 after acquiring an additional 4,628 shares during the period. Victory Capital Management Inc. increased its stake in Federal Agricultural Mortgage by 111.3% in the 4th quarter. Victory Capital Management Inc. now owns 8,752 shares of the credit services provider’s stock valued at $1,674,000 after purchasing an additional 4,611 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Federal Agricultural Mortgage during the first quarter worth $2,141,000. Finally, AdvisorShares Investments LLC purchased a new stake in Federal Agricultural Mortgage during the fourth quarter worth $3,414,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.