Federal Agricultural Mortgage (NYSE:AGM) received a $93.00 price target from equities researchers at Keefe, Bruyette & Woods in a note issued to investors on Wednesday, March 14th. The brokerage currently has a “hold” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 7.44% from the company’s previous close.
AGM has been the topic of several other research reports. ValuEngine raised shares of Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Sidoti raised shares of Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Federal Agricultural Mortgage has an average rating of “Hold” and a consensus price target of $93.50.
AGM stock traded up $0.11 during mid-day trading on Wednesday, hitting $86.56. 80,788 shares of the company were exchanged, compared to its average volume of 40,939. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $917.75, a PE ratio of 14.06 and a beta of 1.17. Federal Agricultural Mortgage has a 12-month low of $53.78 and a 12-month high of $92.57.
Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Thursday, March 8th. The credit services provider reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.14. The business had revenue of $43.96 million for the quarter. Federal Agricultural Mortgage had a net margin of 20.21% and a return on equity of 15.12%.
Several institutional investors and hedge funds have recently made changes to their positions in AGM. Teachers Advisors LLC grew its position in shares of 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. Copeland Capital Management LLC purchased a new position in Federal Agricultural Mortgage in the 4th quarter valued at $3,187,000. Fuller & Thaler Asset Management Inc. grew its position in Federal Agricultural Mortgage by 102.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 70,701 shares of the credit services provider’s stock valued at $5,532,000 after buying an additional 35,801 shares during the last quarter. 361 Capital LLC purchased a new position in Federal Agricultural Mortgage in the 3rd quarter valued at $2,279,000. Finally, TIAA CREF Investment Management LLC grew its position in Federal Agricultural Mortgage by 43.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 90,600 shares of the credit services provider’s stock valued at $7,089,000 after buying an additional 27,319 shares during the last quarter. Institutional investors and hedge funds own 64.42% of the company’s stock.
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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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