Captrust Financial Advisors Has $52.52 Million Holdings in Federal Agricultural Mortgage Corporation $AGM

Captrust Financial Advisors increased its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 312,646 shares of the credit services provider’s stock after purchasing an additional 17,293 shares during the period. Captrust Financial Advisors’ holdings in Federal Agricultural Mortgage were worth $52,518,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AGM. Allworth Financial LP lifted its holdings in Federal Agricultural Mortgage by 12,800.0% during the 2nd quarter. Allworth Financial LP now owns 129 shares of the credit services provider’s stock worth $25,000 after buying an additional 128 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Federal Agricultural Mortgage in the first quarter valued at about $34,000. Jones Financial Companies Lllp raised its position in shares of 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 acquiring an additional 150 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Federal Agricultural Mortgage during the third quarter worth about $48,000. Finally, Danske Bank A S acquired a new position in shares of Federal Agricultural Mortgage in the third quarter worth approximately $50,000. 68.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AGM shares. Wall Street Zen downgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research note on Monday, December 22nd. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Federal Agricultural Mortgage from $219.00 to $215.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. One 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, Federal Agricultural Mortgage has an average rating of “Moderate Buy” and an average price target of $215.00.

Federal Agricultural Mortgage Trading Down 4.4%

Shares of AGM stock opened at $141.14 on Thursday. Federal Agricultural Mortgage Corporation has a fifty-two week low of $140.86 and a fifty-two week high of $210.64. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a 50 day simple moving average of $166.56 and a two-hundred day simple moving average of $171.37. The company has a market cap of $1.53 billion, a P/E ratio of 8.48, a PEG ratio of 0.69 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings results on Thursday, February 19th. The credit services provider reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.84). The business had revenue of $101.39 million for the quarter, compared to the consensus estimate of $107.45 million. Federal Agricultural Mortgage had a return on equity of 17.93% and a net margin of 15.73%. Research analysts forecast that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $1.60 dividend. The ex-dividend date is Monday, March 16th. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.50. This represents a $6.40 dividend on an annualized basis and a yield of 4.5%. Federal Agricultural Mortgage’s dividend payout ratio is 38.46%.

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.