Y Intercept Hong Kong Ltd Invests $1.06 Million in Federal Agricultural Mortgage Corporation $AGM

Y Intercept Hong Kong Ltd purchased a new position in Federal Agricultural Mortgage Corporation (NYSE:AGM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,331 shares of the credit services provider’s stock, valued at approximately $1,063,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners lifted its position in shares of Federal Agricultural Mortgage by 1.1% in the second quarter. Boston Partners now owns 420,637 shares of the credit services provider’s stock worth $80,137,000 after buying an additional 4,764 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Federal Agricultural Mortgage by 6.2% during the 2nd quarter. Captrust Financial Advisors now owns 295,353 shares of the credit services provider’s stock worth $57,381,000 after acquiring an additional 17,233 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Federal Agricultural Mortgage by 7.7% during the second quarter. American Century Companies Inc. now owns 263,396 shares of the credit services provider’s stock worth $51,173,000 after purchasing an additional 18,846 shares during the last quarter. Geode Capital Management LLC increased its stake in Federal Agricultural Mortgage by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 223,157 shares of the credit services provider’s stock worth $43,360,000 after buying an additional 3,550 shares during the period. Finally, Loomis Sayles & Co. L P increased its position in shares of Federal Agricultural Mortgage by 2.0% during the second quarter. Loomis Sayles & Co. L P now owns 191,580 shares of the credit services provider’s stock worth $37,220,000 after acquiring an additional 3,837 shares during the period. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Down 1.2%

Shares of AGM opened at $169.02 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.81. Federal Agricultural Mortgage Corporation has a 52 week low of $155.00 and a 52 week high of $212.24. The stock’s 50-day moving average price is $174.86 and its 200-day moving average price is $176.02. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 0.80 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results 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 firm had revenue of $97.77 million during the quarter, compared to analyst estimates of $100.94 million. Federal Agricultural Mortgage had a net margin of 13.38% and a return on equity of 18.63%. On average, sell-side analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $1.50 per share. The ex-dividend date was Monday, December 15th. This represents a $6.00 dividend on an annualized basis and a yield of 3.5%. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.17%.

Analyst Ratings Changes

Several brokerages have recently commented on AGM. Weiss Ratings restated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research note on Monday, December 22nd. 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 company from $217.00 to $219.00 in a research report on Wednesday, November 5th. Finally, Wall Street Zen cut Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $219.00.

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.