International Assets Investment Management LLC Invests $18.28 Million in Federal Agricultural Mortgage Co. (NYSE:AGM)

International Assets Investment Management LLC acquired a new stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 95,610 shares of the credit services provider’s stock, valued at approximately $18,283,000. International Assets Investment Management LLC owned about 0.88% of Federal Agricultural Mortgage as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in AGM. SG Americas Securities LLC bought a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter worth approximately $147,000. Cambridge Investment Research Advisors Inc. lifted its position in Federal Agricultural Mortgage by 3.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,506 shares of the credit services provider’s stock worth $1,775,000 after purchasing an additional 366 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Federal Agricultural Mortgage by 68.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,654 shares of the credit services provider’s stock worth $255,000 after buying an additional 673 shares in the last quarter. Strs Ohio increased its holdings in Federal Agricultural Mortgage by 65.2% in the 3rd quarter. Strs Ohio now owns 3,800 shares of the credit services provider’s stock valued at $586,000 after buying an additional 1,500 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in shares of Federal Agricultural Mortgage by 8.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 10,082 shares of the credit services provider’s stock valued at $1,556,000 after buying an additional 798 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Price Performance

Shares of Federal Agricultural Mortgage stock opened at $194.22 on Friday. Federal Agricultural Mortgage Co. has a twelve month low of $122.96 and a twelve month 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 firm has a market cap of $2.11 billion, a P/E ratio of 12.28 and a beta of 1.08. The firm’s 50-day simple moving average is $187.34 and its 200-day simple moving average is $178.82.

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

Federal Agricultural Mortgage Increases Dividend

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

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: 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.