Shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $86.00 for the company, according to Zacks. Zacks has also given Federal Agricultural Mortgage an industry rank of 10 out of 256 based on the ratings given to its competitors.
In related news, Director James R. Engebretsen sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $79.97, for a total transaction of $39,985.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.46% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AGM. BNP Paribas Arbitrage SA boosted its position in 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 purchasing an additional 1,079 shares during the period. SG Americas Securities LLC acquired a new position in Federal Agricultural Mortgage during the 1st quarter valued at approximately $137,000. California Public Employees Retirement System boosted its position in Federal Agricultural Mortgage by 1.7% during the 1st quarter. California Public Employees Retirement System now owns 45,518 shares of the credit services provider’s stock valued at $3,297,000 after purchasing an additional 769 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Federal Agricultural Mortgage during the 1st quarter valued at approximately $206,000. Finally, Globeflex Capital L P boosted its position in Federal Agricultural Mortgage by 18.4% during the 1st quarter. Globeflex Capital L P now owns 9,838 shares of the credit services provider’s stock valued at $713,000 after purchasing an additional 1,528 shares during the period. Institutional investors and hedge funds own 62.61% of the company’s stock.
Shares of AGM traded down $0.41 during mid-day trading on Wednesday, hitting $81.71. The stock had a trading volume of 3,242 shares, compared to its average volume of 52,950. The company has a market cap of $890.16 million, a PE ratio of 10.10 and a beta of 1.19. The company’s fifty day simple moving average is $81.19 and its two-hundred day simple moving average is $75.77. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 2.95. Federal Agricultural Mortgage has a fifty-two week low of $55.64 and a fifty-two week high of $87.67.
Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Thursday, August 1st. The credit services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.06 by $0.14. The company had revenue of $55.79 million during the quarter. Federal Agricultural Mortgage had a return on equity of 20.01% and a net margin of 18.82%.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, September 13th. This represents a $2.80 dividend on an annualized basis and a yield of 3.43%.
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 (LTSPC) on designated eligible mortgage loans.
Read More: What factors cause inflation to rise?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Federal Agricultural Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Agricultural Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.