Hsbc Holdings PLC Invests $814,000 in Federal Agricultural Mortgage Corporation $AGM

Hsbc Holdings PLC bought a new stake in Federal Agricultural Mortgage Corporation (NYSE:AGM) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 5,526 shares of the credit services provider’s stock, valued at approximately $814,000.

A number of other large investors also recently made changes to their positions in AGM. Thrivent Financial for Lutherans boosted its holdings in Federal Agricultural Mortgage by 3.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 436,786 shares of the credit services provider’s stock worth $76,686,000 after purchasing an additional 16,107 shares during the last quarter. Captrust Financial Advisors increased its stake in Federal Agricultural Mortgage by 14.8% in the 4th quarter. Captrust Financial Advisors now owns 358,908 shares of the credit services provider’s stock valued at $63,013,000 after buying an additional 46,262 shares during the last quarter. Boston Partners lifted its position in shares of Federal Agricultural Mortgage by 2.0% during the 4th quarter. Boston Partners now owns 345,551 shares of the credit services provider’s stock worth $60,191,000 after buying an additional 6,800 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Federal Agricultural Mortgage by 44.5% during the 4th quarter. Wellington Management Group LLP now owns 262,931 shares of the credit services provider’s stock worth $46,163,000 after buying an additional 80,911 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Federal Agricultural Mortgage by 23.8% in the 4th quarter. Loomis Sayles & Co. L P now owns 225,325 shares of the credit services provider’s stock worth $39,560,000 after buying an additional 43,266 shares during the last quarter. 68.03% of the stock is owned by institutional investors.

Federal Agricultural Mortgage Price Performance

AGM opened at $213.44 on Thursday. Federal Agricultural Mortgage Corporation has a fifty-two week low of $136.57 and a fifty-two week high of $216.43. The firm has a 50-day moving average of $192.04 and a 200 day moving average of $174.41. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $2.32 billion, a P/E ratio of 12.28, a PEG ratio of 0.98 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM) last announced 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. The business had revenue of $109.12 million for the quarter, compared to analyst estimates of $110.76 million. Federal Agricultural Mortgage had a net margin of 20.78% and a return on equity of 18.20%. On average, research analysts expect that Federal Agricultural Mortgage Corporation will post 19.75 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $1.60 per share. The ex-dividend date was Monday, June 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.0%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.82%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AGM shares. Weiss Ratings raised Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $228.00.

Federal Agricultural Mortgage 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.