Federal Agricultural Mortgage Corporation $AGM Shares Purchased by UBS Group AG

UBS Group AG lifted its position in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 37.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 46,137 shares of the credit services provider’s stock after acquiring an additional 12,603 shares during the period. UBS Group AG’s holdings in Federal Agricultural Mortgage were worth $8,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in AGM. AQR Capital Management LLC increased its position in shares of Federal Agricultural Mortgage by 8.3% in the 1st quarter. AQR Capital Management LLC now owns 6,702 shares of the credit services provider’s stock valued at $1,257,000 after acquiring an additional 513 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Federal Agricultural Mortgage by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,469 shares of the credit services provider’s stock valued at $1,025,000 after acquiring an additional 267 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Federal Agricultural Mortgage by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,683 shares of the credit services provider’s stock valued at $4,066,000 after acquiring an additional 2,070 shares during the period. Intech Investment Management LLC increased its position in shares of Federal Agricultural Mortgage by 54.1% in the 1st quarter. Intech Investment Management LLC now owns 7,678 shares of the credit services provider’s stock valued at $1,440,000 after acquiring an additional 2,694 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Federal Agricultural Mortgage during the 1st quarter worth about $34,000. 68.03% of the stock is owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Price Performance

Shares of AGM opened at $172.70 on Monday. The business’s 50-day moving average is $160.72 and its two-hundred day moving average is $167.22. The company has a market capitalization of $1.87 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.80 and a beta of 1.02. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.56 and a current ratio of 0.56. Federal Agricultural Mortgage Corporation has a fifty-two week low of $136.57 and a fifty-two week high of $210.64.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $4.74 earnings per share for the quarter, topping the consensus estimate of $4.44 by $0.30. The company had revenue of $109.13 million for the quarter, compared to the consensus estimate of $110.76 million. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%. Research analysts predict that Federal Agricultural Mortgage Corporation will post 19.75 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 36.82%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AGM. Keefe, Bruyette & Woods increased their price target 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. Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $228.00.

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.