Federal Agricultural Mortgage Corporation $AGM Stock Position Raised by American Century Companies Inc.

American Century Companies Inc. grew its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 7.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 263,396 shares of the credit services provider’s stock after purchasing an additional 18,846 shares during the quarter. American Century Companies Inc.’s holdings in Federal Agricultural Mortgage were worth $51,173,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AGM. Allworth Financial LP lifted its holdings in Federal Agricultural Mortgage by 12,800.0% in the 2nd quarter. Allworth Financial LP now owns 129 shares of the credit services provider’s stock worth $25,000 after purchasing an additional 128 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Federal Agricultural Mortgage during the first quarter valued at approximately $34,000. KBC Group NV raised its position in shares of Federal Agricultural Mortgage by 105.4% in the second quarter. KBC Group NV now owns 382 shares of the credit services provider’s stock valued at $74,000 after purchasing an additional 196 shares during the period. AlphaQuest LLC lifted its stake in shares of Federal Agricultural Mortgage by 106.3% in the first quarter. AlphaQuest LLC now owns 751 shares of the credit services provider’s stock worth $141,000 after buying an additional 387 shares during the last quarter. Finally, Dakota Wealth Management acquired a new stake in shares of Federal Agricultural Mortgage in the second quarter worth $223,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Analyst Ratings Changes

AGM has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Federal Agricultural Mortgage in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from $217.00 to $219.00 in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $219.00.

Federal Agricultural Mortgage Stock Down 0.5%

Shares of NYSE AGM opened at $171.76 on Friday. Federal Agricultural Mortgage Corporation has a 12-month low of $155.00 and a 12-month high of $217.14. The firm’s 50-day simple moving average is $164.91 and its 200 day simple moving average is $180.96. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.95. The company has a market cap 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 earnings results on Monday, November 3rd. The credit services provider reported $4.52 EPS for the quarter, beating the consensus estimate of $4.43 by $0.09. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%.The company had revenue of $97.77 million during the quarter, compared to analysts’ expectations of $100.94 million. On average, research analysts expect that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $1.50 dividend. 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 dividend 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.