Creative Planning Decreases Stake in Federal Agricultural Mortgage Corporation $AGM

Creative Planning lessened its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 9.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 5,317 shares of the credit services provider’s stock after selling 580 shares during the quarter. Creative Planning’s holdings in Federal Agricultural Mortgage were worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of AGM. ProShare Advisors LLC lifted its holdings in Federal Agricultural Mortgage by 1,581.4% during the second quarter. ProShare Advisors LLC now owns 33,274 shares of the credit services provider’s stock worth $6,464,000 after acquiring an additional 31,295 shares during the period. CSM Advisors LLC purchased a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter valued at $5,916,000. Nuveen LLC purchased a new stake in shares of Federal Agricultural Mortgage during the 1st quarter valued at $4,667,000. American Century Companies Inc. raised its stake in shares of Federal Agricultural Mortgage by 11.0% during the 1st quarter. American Century Companies Inc. now owns 244,550 shares of the credit services provider’s stock worth $45,856,000 after purchasing an additional 24,289 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Federal Agricultural Mortgage by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 106,253 shares of the credit services provider’s stock worth $19,924,000 after buying an additional 4,963 shares during the last quarter. 68.03% of the stock is owned by institutional investors.

Federal Agricultural Mortgage Price Performance

NYSE AGM opened at $171.76 on Monday. 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 PE ratio of 10.12, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95. Federal Agricultural Mortgage Corporation has a 52 week low of $155.00 and a 52 week high of $217.14. The firm’s 50-day simple moving average is $164.91 and its two-hundred day simple moving average is $180.77.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings results on Monday, November 3rd. The credit services provider reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.09. Federal Agricultural Mortgage had a net margin of 13.14% and a return on equity of 18.86%. The company had revenue of $97.77 million for the quarter, compared to analyst estimates of $100.94 million. Research analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on AGM shares. Keefe, Bruyette & Woods upgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and increased their price target for the company from $217.00 to $219.00 in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Federal Agricultural Mortgage in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $219.00.

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.