Zurcher Kantonalbank Zurich Cantonalbank Sells 218 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,436 shares of the credit services provider’s stock after selling 218 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Federal Agricultural Mortgage were worth $275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AGM. Quantbot Technologies LP acquired a new position in shares of Federal Agricultural Mortgage during the 3rd quarter valued at about $31,000. Federated Hermes Inc. lifted its stake in shares of Federal Agricultural Mortgage by 464.7% in the third quarter. Federated Hermes Inc. now owns 288 shares of the credit services provider’s stock worth $44,000 after buying an additional 237 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Federal Agricultural Mortgage by 14.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 641 shares of the credit services provider’s stock worth $99,000 after buying an additional 82 shares during the period. SG Americas Securities LLC acquired a new position in Federal Agricultural Mortgage in the 3rd quarter valued at $147,000. Finally, Raymond James Trust N.A. bought a new position in Federal Agricultural Mortgage in the 4th quarter worth $217,000. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Up 0.4 %

Federal Agricultural Mortgage stock opened at $194.22 on Monday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 12.28 and a beta of 1.08. The firm has a fifty day moving average price of $187.34 and a two-hundred day moving average price of $179.05. Federal Agricultural Mortgage Co. has a fifty-two week low of $122.96 and a fifty-two week high of $199.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.46 and a quick ratio of 0.46.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Friday, February 23rd. The credit services provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.40. The company had revenue of $354.15 million during 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 previous year, the company earned $3.16 earnings per share. As a group, analysts forecast that Federal Agricultural Mortgage Co. will post 17 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

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