Federal Agricultural Mortgage Corp. (NYSE:AGM)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $83.18 and last traded at $83.16, with a volume of 15620 shares traded. The stock had previously closed at $80.02.
A number of research firms recently commented on AGM. Sidoti upgraded Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a report on Wednesday, February 14th. ValuEngine upgraded Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $65.00 price target on shares of Federal Agricultural Mortgage in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $90.00.
The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $866.05, a price-to-earnings ratio of 11.12 and a beta of 1.22.
Institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new stake in Federal Agricultural Mortgage during the fourth quarter worth approximately $334,000. Millennium Management LLC acquired a new stake in Federal Agricultural Mortgage during the fourth quarter worth approximately $703,000. TIAA CREF Investment Management LLC lifted its position in Federal Agricultural Mortgage by 43.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 90,600 shares of the credit services provider’s stock worth $7,089,000 after acquiring an additional 27,319 shares during the last quarter. Teachers Advisors LLC lifted its position in Federal Agricultural Mortgage by 118.2% during the fourth quarter. Teachers Advisors LLC now owns 147,298 shares of the credit services provider’s stock worth $11,525,000 after acquiring an additional 79,805 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Federal Agricultural Mortgage by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 95,302 shares of the credit services provider’s stock worth $7,456,000 after acquiring an additional 6,289 shares during the last quarter. Institutional investors and hedge funds own 64.97% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/21/federal-agricultural-mortgage-agm-reaches-new-1-year-high-at-83-18.html.
About Federal Agricultural Mortgage
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.
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.