Federal Agricultural Mortgage (AGM) Reaches New 1-Year High at $83.18

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.

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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.

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