Geode Capital Management LLC increased its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,302 shares of the credit services provider’s stock after buying an additional 6,289 shares during the period. Geode Capital Management LLC owned about 0.90% of Federal Agricultural Mortgage worth $7,456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. purchased a new stake in Federal Agricultural Mortgage during the fourth quarter worth about $208,000. Teacher Retirement System of Texas purchased a new position in shares of Federal Agricultural Mortgage in the fourth quarter worth about $243,000. Cubist Systematic Strategies LLC purchased a new position in shares of Federal Agricultural Mortgage in the third quarter worth about $240,000. Bessemer Group Inc. purchased a new position in shares of Federal Agricultural Mortgage in the fourth quarter worth about $313,000. Finally, American International Group Inc. purchased a new position in shares of Federal Agricultural Mortgage in the fourth quarter worth about $465,000. Institutional investors and hedge funds own 64.42% of the company’s stock.

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AGM opened at $83.80 on Friday. The stock has a market capitalization of $888.77, a PE ratio of 13.61 and a beta of 1.17. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.37 and a quick ratio of 0.37. Federal Agricultural Mortgage Co. has a twelve month low of $53.78 and a twelve month high of $92.57.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Thursday, March 8th. The credit services provider reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.14. The firm had revenue of $43.96 million during the quarter. Federal Agricultural Mortgage had a net margin of 20.21% and a return on equity of 15.12%.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Monday, March 19th were paid a $0.58 dividend. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 16th. This represents a $2.32 annualized dividend and a dividend yield of 2.77%.

AGM has been the subject of several recent research reports. Keefe, Bruyette & Woods set a $93.00 target price on shares of Federal Agricultural Mortgage and gave the stock a “hold” rating in a research note on Wednesday, March 14th. ValuEngine downgraded shares of Federal Agricultural Mortgage from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Finally, Sidoti upgraded shares of Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $93.50.

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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: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans.

Institutional Ownership by Quarter for Federal Agricultural Mortgage (NYSE:AGM)

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