Y Intercept Hong Kong Ltd Buys Shares of 6,331 Federal Agricultural Mortgage Corporation $AGM

Y Intercept Hong Kong Ltd acquired a new stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,331 shares of the credit services provider’s stock, valued at approximately $1,063,000. Y Intercept Hong Kong Ltd owned about 0.06% of Federal Agricultural Mortgage as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of Federal Agricultural Mortgage by 8.3% during the first quarter. AQR Capital Management LLC now owns 6,702 shares of the credit services provider’s stock valued at $1,257,000 after buying an additional 513 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Federal Agricultural Mortgage by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,469 shares of the credit services provider’s stock worth $1,025,000 after purchasing an additional 267 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 worth $4,066,000 after buying an additional 2,070 shares during the last quarter. Intech Investment Management LLC lifted its holdings 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 worth $1,440,000 after acquiring an additional 2,694 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Federal Agricultural Mortgage in the first quarter worth $34,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AGM. Wall Street Zen downgraded Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Keefe, Bruyette & Woods raised shares of Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and lifted their target price for the company from $217.00 to $219.00 in a research note on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.00.

Federal Agricultural Mortgage Price Performance

AGM opened at $169.02 on Friday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 9.63, a P/E/G ratio of 0.80 and a beta of 0.99. The company’s 50-day simple moving average is $174.86 and its two-hundred day simple moving average is $176.02. Federal Agricultural Mortgage Corporation has a 52-week low of $155.00 and a 52-week high of $212.24. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.56 and a current ratio of 0.56.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, November 3rd. The credit services provider reported $4.52 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.09. The business had revenue of $97.77 million during the quarter, compared to the consensus estimate of $100.94 million. Federal Agricultural Mortgage had a net margin of 13.38% and a return on equity of 18.63%. As a group, analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, December 15th. Federal Agricultural Mortgage’s dividend payout ratio is 34.17%.

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.