Thrivent Financial for Lutherans Purchases 16,107 Shares of Federal Agricultural Mortgage Corporation $AGM

Thrivent Financial for Lutherans lifted its position in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 436,786 shares of the credit services provider’s stock after purchasing an additional 16,107 shares during the quarter. Thrivent Financial for Lutherans owned about 4.01% of Federal Agricultural Mortgage worth $76,686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in Federal Agricultural Mortgage by 8.3% in the first quarter. AQR Capital Management LLC now owns 6,702 shares of the credit services provider’s stock worth $1,257,000 after acquiring an additional 513 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Federal Agricultural Mortgage by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,469 shares of the credit services provider’s stock worth $1,025,000 after acquiring an additional 267 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Federal Agricultural Mortgage by 10.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,683 shares of the credit services provider’s stock worth $4,066,000 after acquiring an additional 2,070 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Federal Agricultural Mortgage by 54.1% in the first quarter. Intech Investment Management LLC now owns 7,678 shares of the credit services provider’s stock worth $1,440,000 after acquiring an additional 2,694 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Federal Agricultural Mortgage in the first quarter worth $34,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods boosted their target price on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $228.00.

Federal Agricultural Mortgage Stock Down 1.7%

Federal Agricultural Mortgage stock opened at $172.70 on Friday. The stock has a market cap of $1.87 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.56 and a current ratio of 0.56. Federal Agricultural Mortgage Corporation has a one year low of $136.57 and a one year high of $210.64. The stock has a fifty day moving average of $160.72 and a 200 day moving average of $167.18.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $4.74 EPS for the quarter, beating analysts’ consensus estimates of $4.44 by $0.30. The company had revenue of $109.13 million during the quarter, compared to analysts’ expectations of $110.76 million. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%. As a group, sell-side analysts predict that Federal Agricultural Mortgage Corporation will post 19.75 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, June 15th. Federal Agricultural Mortgage’s dividend payout ratio is 36.82%.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.