Federal Agricultural Mortgage Co. (NYSE:AGM) shares purchased by Envestnet Asset Management Inc.

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Envestnet Asset Management Inc. increased its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM – Get Rating) by 2.8% in Q1, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor held 43,327 shares of the credit service provider after acquiring an additional 1,165 shares during the period. Envestnet Asset Management Inc. held approximately 0.40% of Federal Agricultural Mortgage worth $4,700,000 when it last filed with the SEC.

Several other major investors have also recently changed their positions in the company. CWM LLC acquired a new stake in Federal Agricultural Mortgage during Q4 for $25,000. Lazard Asset Management LLC acquired a new stake in Federal Agricultural Mortgage during Q4 for $26,000. Mascoma Wealth Management LLC acquired a new stake in Federal Agricultural Mortgage during Q1 valued at $37,000. Mystic Asset Management Inc. acquired a new stake in Federal Agricultural Mortgage during Q4 for $42,000. Finally, Asset Dedication LLC acquired a new stake in Federal Agricultural Mortgage during the 1st quarter at a value of $53,000. Institutional investors and hedge funds hold 65.92% of the company’s shares.

Federal Agricultural Mortgage Price Performance

AGM shares opened at $115.82 on Friday. The company has a market capitalization of $1.25 billion, a P/E ratio of 9.37 and a beta of 0.94. The company has a debt ratio of 1.25, a current ratio of 0.46 and a quick ratio of 0.44. Federal Agricultural Mortgage Co. has a 1-year low of $90.38 and a 1-year high of $137.01. The company has a fifty-day moving average of $100.86 and a two-hundred-day moving average of $108.97.

Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last reported quarterly earnings data on Monday, August 8. The credit service provider reported earnings per share of $2.83 for the quarter, meeting the consensus estimate of $2.83. Federal Agricultural Mortgage had a net margin of 31.96% and a return on equity of 19.71%.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30. Shareholders of record on Thursday, September 15 will receive a dividend of $0.95. The ex-date of this dividend is Wednesday, September 14. This represents a dividend of $3.80 on an annualized basis and a dividend yield of 3.28%. The Federal Agricultural Mortgage payout rate is currently 30.74%.

Wall Street analysts predict growth

A number of equity research analysts have weighed in on AGM shares recently. StockNews.com moved shares of Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a report released Wednesday. Sidoti moved shares of Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a price target of $138.00 for the company in a Thursday, May 5 report.

Federal Agricultural Mortgage Corporation Profile

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The Federal Agricultural Mortgage Corporation provides a secondary market for various loans issued to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities and Institutional Credit. The Farm & Ranch segment purchases and maintains qualifying mortgage loans that are secured by first lien on agricultural real estate; securitizes qualifying mortgages and guarantees the timely payment of principal and interest on interest-bearing securities or obligations secured by pools of mortgages; and issues Long-Term Support Purchase Commitments (LTSPCs) on designated eligible mortgages.

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



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