Loomis Sayles & Co. L P Buys 3,837 Shares of Federal Agricultural Mortgage Corporation $AGM

Loomis Sayles & Co. L P grew its stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191,580 shares of the credit services provider’s stock after acquiring an additional 3,837 shares during the period. Loomis Sayles & Co. L P’s holdings in Federal Agricultural Mortgage were worth $37,220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in shares of Federal Agricultural Mortgage during the first quarter worth $849,000. Jump Financial LLC bought a new position in Federal Agricultural Mortgage during the first quarter worth about $500,000. Charles Schwab Investment Management Inc. raised its stake in Federal Agricultural Mortgage by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 106,253 shares of the credit services provider’s stock worth $19,924,000 after purchasing an additional 4,963 shares in the last quarter. Nuveen LLC bought a new stake in Federal Agricultural Mortgage in the 1st quarter valued at about $4,667,000. Finally, American Century Companies Inc. grew its position in shares of Federal Agricultural Mortgage by 11.0% during the 1st quarter. American Century Companies Inc. now owns 244,550 shares of the credit services provider’s stock worth $45,856,000 after purchasing an additional 24,289 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on AGM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Federal Agricultural Mortgage in a report on Wednesday, October 8th. Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Keefe, Bruyette & Woods raised Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company 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 given a Hold rating to the stock. According to MarketBeat, Federal Agricultural Mortgage has a consensus rating of “Moderate Buy” and a consensus target price of $219.00.

Federal Agricultural Mortgage Stock Performance

Shares of NYSE:AGM opened at $171.76 on Friday. The company’s 50 day simple moving average is $164.91 and its 200 day simple moving average is $180.87. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.54 and a quick ratio of 0.54. Federal Agricultural Mortgage Corporation has a 1 year low of $155.00 and a 1 year high of $217.14. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Monday, November 3rd. The credit services provider reported $4.52 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.09. The business had revenue of $97.77 million for the quarter, compared to analyst estimates of $100.94 million. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%. As a group, research analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend yield of 3.5%. The ex-dividend date is Monday, December 15th. Federal Agricultural Mortgage’s payout ratio is 34.17%.

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.