UBS Group AG Boosts Stake in Federal Agricultural Mortgage Corporation $AGM

UBS Group AG boosted its stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 37.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,137 shares of the credit services provider’s stock after buying an additional 12,603 shares during the period. UBS Group AG owned 0.42% of Federal Agricultural Mortgage worth $8,100,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Federal Agricultural Mortgage during the first quarter worth $34,000. Farther Finance Advisors LLC lifted its holdings 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 buying an additional 74 shares during the period. Jones Financial Companies Lllp lifted its holdings 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 buying an additional 150 shares during the period. Advisory Services Network LLC purchased a new stake in Federal Agricultural Mortgage during the third quarter worth $48,000. Finally, FNY Investment Advisers LLC purchased a new stake in Federal Agricultural Mortgage during the third quarter worth $50,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Performance

Shares of AGM opened at $172.70 on Monday. Federal Agricultural Mortgage Corporation has a 12 month low of $136.57 and a 12 month high of $210.64. The stock has a fifty day moving average price of $160.72 and a 200-day moving average price of $167.22. 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 firm has a market cap of $1.87 billion, a PE ratio of 9.94, a P/E/G ratio of 0.80 and a beta of 1.02.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $4.74 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $109.13 million during the quarter, compared to analyst estimates of $110.76 million. Equities research analysts predict that Federal Agricultural Mortgage Corporation will post 19.75 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Federal Agricultural Mortgage’s dividend payout ratio is presently 36.82%.

Analyst Ratings Changes

AGM has been the subject of a number of analyst reports. Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods upped their price target on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $228.00.

About Federal Agricultural Mortgage

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.