Shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned Federal Agricultural Mortgage an industry rank of 188 out of 256 based on the ratings given to its competitors.
Shares of NYSE AGM traded up $0.21 during midday trading on Wednesday, reaching $68.88. 102 shares of the company were exchanged, compared to its average volume of 23,313. Federal Agricultural Mortgage has a one year low of $55.64 and a one year high of $99.11. The stock has a market cap of $725.89 million, a PE ratio of 9.00 and a beta of 1.13. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.37 and a current ratio of 0.37.
Federal Agricultural Mortgage (NYSE:AGM) last announced its earnings results on Thursday, November 8th. The credit services provider reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.05. The company had revenue of $49.50 million for the quarter. Federal Agricultural Mortgage had a return on equity of 15.39% and a net margin of 20.12%.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, December 14th were paid a $0.58 dividend. The ex-dividend date was Thursday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 3.37%.
In related news, EVP John Curtis Covington sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $66.41, for a total value of $132,820.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.48% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Weybosset Research & Management LLC grew its stake in Federal Agricultural Mortgage by 0.6% in the third quarter. Weybosset Research & Management LLC now owns 118,426 shares of the credit services provider’s stock valued at $8,548,000 after purchasing an additional 746 shares in the last quarter. Teachers Advisors LLC grew its holdings in Federal Agricultural Mortgage by 0.5% in the third quarter. Teachers Advisors LLC now owns 165,574 shares of the credit services provider’s stock worth $11,951,000 after purchasing an additional 884 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Federal Agricultural Mortgage by 100.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,654 shares of the credit services provider’s stock worth $215,000 after purchasing an additional 1,327 shares in the last quarter. Affinity Investment Advisors LLC lifted its holdings in shares of Federal Agricultural Mortgage by 34.2% in the 3rd quarter. Affinity Investment Advisors LLC now owns 6,098 shares of the credit services provider’s stock worth $440,000 after acquiring an additional 1,555 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Federal Agricultural Mortgage by 18.5% in the 2nd quarter. First Trust Advisors LP now owns 10,441 shares of the credit services provider’s stock worth $934,000 after purchasing an additional 1,629 shares in the last quarter. 63.72% of the stock is owned by institutional investors.
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: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans.
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