ProShare Advisors LLC Purchases 3,512 Shares of Federal Agricultural Mortgage Corporation $AGM

ProShare Advisors LLC grew its position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 11.0% in the 4th quarter, HoldingsChannel reports. The firm owned 35,389 shares of the credit services provider’s stock after acquiring an additional 3,512 shares during the quarter. ProShare Advisors LLC’s holdings in Federal Agricultural Mortgage were worth $6,213,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AGM. Allworth Financial LP lifted its stake in Federal Agricultural Mortgage by 640.0% during the fourth quarter. Allworth Financial LP now owns 185 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 160 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Federal Agricultural Mortgage during the first quarter worth about $34,000. Farther Finance Advisors LLC lifted its stake in Federal Agricultural Mortgage by 53.6% during the fourth quarter. Farther Finance Advisors LLC now owns 212 shares of the credit services provider’s stock worth $37,000 after purchasing an additional 74 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Federal Agricultural Mortgage by 124.0% during the third quarter. Jones Financial Companies Lllp now owns 271 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 150 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Federal Agricultural Mortgage during the third quarter worth about $48,000. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Trading Up 0.2%

NYSE AGM opened at $177.43 on Friday. Federal Agricultural Mortgage Corporation has a 1-year low of $136.57 and a 1-year high of $210.64. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.93. The stock has a 50-day moving average of $162.17 and a 200-day moving average of $167.74. The firm has a market cap of $1.92 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Tuesday, May 5th. The credit services provider reported $4.74 earnings per share for the quarter, beating analysts’ consensus estimates of $4.44 by $0.30. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%.The company had revenue of $109.13 million during the quarter, compared to analyst estimates of $110.76 million. As a group, sell-side analysts forecast that Federal Agricultural Mortgage Corporation will post 19.75 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, June 15th. Federal Agricultural Mortgage’s payout ratio is 36.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Keefe, Bruyette & Woods lifted their price target on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.