SRS Capital Advisors Inc. Boosts Stake in Federal Agricultural Mortgage Co. (NYSE:AGM)

SRS Capital Advisors Inc. boosted its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 304.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 263 shares of the credit services provider’s stock after buying an additional 198 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Federal Agricultural Mortgage were worth $50,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AGM. International Assets Investment Management LLC bought a new position in Federal Agricultural Mortgage in the 4th quarter worth approximately $18,283,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Federal Agricultural Mortgage by 943.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 28,355 shares of the credit services provider’s stock worth $5,422,000 after buying an additional 25,638 shares during the last quarter. Ballast Asset Management LP purchased a new stake in shares of Federal Agricultural Mortgage during the 3rd quarter valued at about $3,575,000. Cary Street Partners Investment Advisory LLC grew its position in Federal Agricultural Mortgage by 4,095.3% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 15,271 shares of the credit services provider’s stock worth $2,356,000 after acquiring an additional 14,907 shares in the last quarter. Finally, EAM Investors LLC bought a new stake in Federal Agricultural Mortgage during the third quarter worth approximately $1,893,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Up 0.4 %

Shares of NYSE AGM opened at $194.22 on Friday. Federal Agricultural Mortgage Co. has a 52-week low of $122.96 and a 52-week high of $199.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a 50 day moving average price of $187.34 and a 200 day moving average price of $178.82. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 12.28 and a beta of 1.08.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Friday, February 23rd. The credit services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.70 by $0.40. The business had revenue of $354.15 million during the quarter, compared to analyst estimates of $86.86 million. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. During the same period in the prior year, the firm posted $3.16 earnings per share. Sell-side analysts expect that Federal Agricultural Mortgage Co. will post 17 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $1.40 dividend. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. This represents a $5.60 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, March 14th. Federal Agricultural Mortgage’s payout ratio is currently 35.42%.

Federal Agricultural Mortgage Profile

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.