Analysts Set $86.00 Price Target for Federal Agricultural Mortgage Corp. (NYSE:AGM)

Shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus target price of $86.00 for the company, according to Zacks. Zacks has also assigned Federal Agricultural Mortgage an industry rank of 22 out of 256 based on the ratings given to its competitors.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. increased its stake in shares of Federal Agricultural Mortgage by 26.1% during the 4th quarter. Advisor Group Inc. now owns 908 shares of the credit services provider’s stock valued at $55,000 after acquiring an additional 188 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Federal Agricultural Mortgage by 12.1% during the 4th quarter. Legal & General Group Plc now owns 1,593 shares of the credit services provider’s stock valued at $96,000 after acquiring an additional 172 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Federal Agricultural Mortgage during the 1st quarter valued at about $137,000. BNP Paribas Arbitrage SA increased its stake in shares of Federal Agricultural Mortgage by 109.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,065 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in shares of Federal Agricultural Mortgage during the 1st quarter worth about $176,000. 62.97% of the stock is owned by institutional investors.

Shares of NYSE AGM traded down $1.33 on Friday, reaching $74.07. 40,000 shares of the company traded hands, compared to its average volume of 35,788. Federal Agricultural Mortgage has a fifty-two week low of $55.64 and a fifty-two week high of $99.11. The firm’s 50 day moving average is $71.69. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 2.87. The company has a market capitalization of $804.52 million, a PE ratio of 9.42 and a beta of 1.26.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Thursday, May 2nd. The credit services provider reported $2.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $2.06. Federal Agricultural Mortgage had a net margin of 19.20% and a return on equity of 17.17%. The company had revenue of $44.29 million during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Thursday, June 13th.

Federal Agricultural Mortgage Company Profile

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 (LTSPC) on designated eligible mortgage loans.

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