Federal Agricultural Mortgage Corp. (NYSE:AGM) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, One research analyst has rated the stock with a strong buy recommendation.
Zacks has also given Federal Agricultural Mortgage an industry rank of 182 its competitors.
Get Federal Agricultural Mortgage alerts: In other news, EVP John Curtis Covington sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was 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 accessible through this hyperlink . Insiders own 2.48% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AGM. BlackRock Inc. increased its stake in shares of Federal Agricultural Mortgage by 4.9% in the third quarter. BlackRock Inc. now owns 932,889 shares of the credit services provider’s stock worth $67,335,000 after purchasing an additional 43,224 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Federal Agricultural Mortgage by 6.7% during the third quarter. Renaissance Technologies LLC now owns 270,200 shares of the credit services provider’s stock worth $19,503,000 after purchasing an additional 16,900 shares during the period. Copeland Capital Management LLC increased its holdings in shares of Federal Agricultural Mortgage by 22.6% during the third quarter. Copeland Capital Management LLC now owns 190,284 shares of the credit services provider’s stock worth $13,735,000 after purchasing an additional 35,108 shares during the period. Teachers Advisors LLC increased its holdings in shares of Federal Agricultural Mortgage by 0.5% during 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. Finally, Weybosset Research & Management LLC increased its holdings in shares of Federal Agricultural Mortgage by 0.6% during the third quarter. Weybosset Research & Management LLC now owns 118,426 shares of the credit services provider’s stock worth $8,548,000 after purchasing an additional 746 shares during the period. 63.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:AGM traded up $1.11 during midday trading on Wednesday, reaching $69.68. 21,340 shares of the company’s stock traded hands, compared to its average volume of 22,976. Federal Agricultural Mortgage has a 1 year low of $55.64 and a 1 year high of $99.11. The firm has a market capitalization of $726.85 million, a price-to-earnings ratio of 9.01 and a beta of 1.13. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.37 and a quick ratio of 0.37.
Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data 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. Federal Agricultural Mortgage had a return on equity of 15.39% and a net margin of 20.12%. The firm had revenue of $49.50 million during the quarter.
The business also recently announced a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, December 14th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Thursday, December 13th.
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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Federal Agricultural Mortgage (AGM)
