Zacks: Federal Agricultural Mortgage Co. (AGM) Receives Consensus Rating of “Strong Buy” from Brokerages

Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned Federal Agricultural Mortgage an industry rank of 232 out of 265 based on the ratings given to related companies.

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods set a $93.00 price objective on shares of Federal Agricultural Mortgage and gave the stock a “hold” rating in a research note on Wednesday, March 14th. ValuEngine cut shares of Federal Agricultural Mortgage from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Finally, Sidoti upgraded shares of Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Wednesday, February 14th.

Shares of Federal Agricultural Mortgage stock traded up $0.93 during trading on Friday, reaching $90.27. The company had a trading volume of 11,895 shares, compared to its average volume of 42,117. The firm has a market cap of $921.47, a PE ratio of 14.11 and a beta of 1.17. Federal Agricultural Mortgage has a fifty-two week low of $54.51 and a fifty-two week high of $92.57. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.37 and a current ratio of 0.37.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Thursday, March 8th. The credit services provider reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.14. The firm 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%.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.57%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 16th.

A number of large investors have recently modified their holdings of AGM. Schwab Charles Investment Management Inc. lifted its position in shares of Federal Agricultural Mortgage by 2.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 94,605 shares of the credit services provider’s stock valued at $7,402,000 after acquiring an additional 2,576 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Federal Agricultural Mortgage by 9.5% in the 3rd quarter. New York State Common Retirement Fund now owns 16,815 shares of the credit services provider’s stock valued at $1,223,000 after acquiring an additional 1,464 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Federal Agricultural Mortgage by 52.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 69,790 shares of the credit services provider’s stock valued at $5,075,000 after acquiring an additional 23,900 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Federal Agricultural Mortgage by 13.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 58,820 shares of the credit services provider’s stock valued at $4,379,000 after acquiring an additional 6,888 shares in the last quarter. Finally, American International Group Inc. purchased a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at approximately $465,000. Hedge funds and other institutional investors 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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