Shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price objective of $86.00 for the company, according to Zacks. Zacks has also given Federal Agricultural Mortgage an industry rank of 22 out of 256 based on the ratings given to related companies.
Shares of AGM traded down $1.33 during trading hours on Friday, reaching $74.07. 40,000 shares of the company traded hands, compared to its average volume of 35,788. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.38 and a quick ratio of 0.38. Federal Agricultural Mortgage has a fifty-two week low of $55.64 and a fifty-two week high of $99.11. The company’s fifty day moving average price is $71.69. The company has a market cap of $804.52 million, a PE ratio of 9.42 and a beta of 1.26.
Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Thursday, May 2nd. The credit services provider reported $2.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.06. The firm had revenue of $44.29 million during the quarter. Federal Agricultural Mortgage had a net margin of 19.20% and a return on equity of 17.17%.
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Thursday, June 13th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of Federal Agricultural Mortgage by 26.1% during the 4th quarter. Advisor Group Inc. now owns 908 shares of the credit services provider’s stock valued at $55,000 after purchasing an additional 188 shares in the last quarter. Legal & General Group Plc grew its holdings in Federal Agricultural Mortgage by 12.1% in the 4th quarter. Legal & General Group Plc now owns 1,593 shares of the credit services provider’s stock valued at $96,000 after buying an additional 172 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Federal Agricultural Mortgage during the 1st quarter worth approximately $137,000. BNP Paribas Arbitrage SA grew its holdings in shares of Federal Agricultural Mortgage by 109.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,065 shares of the credit services provider’s stock worth $150,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in shares of Federal Agricultural Mortgage during the 1st quarter worth approximately $176,000. 62.97% of the stock is currently owned by hedge funds and other institutional investors.
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 (LTSPC) on designated eligible mortgage loans.
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