StockNews.com Lowers Federal Agricultural Mortgage (NYSE:AGM) to Hold

Federal Agricultural Mortgage (NYSE:AGM – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Federal Agricultural Mortgage Stock Down 0.9 %

Shares of NYSE:AGM traded down $1.11 during trading hours on Tuesday, reaching $126.00. The stock had a trading volume of 37,120 shares, compared to its average volume of 61,115. Federal Agricultural Mortgage has a 1 year low of $90.38 and a 1 year high of $130.03. The firm’s 50 day moving average is $120.17 and its 200-day moving average is $112.33. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 9.47 and a beta of 1.00.

Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last issued its earnings results on Monday, November 7th. The credit services provider reported $3.07 earnings per share (EPS) for the quarter. Federal Agricultural Mortgage had a net margin of 28.78% and a return on equity of 20.26%. The business had revenue of $72.05 million during the quarter.

Insider Activity

In other news, Director Dennis L. Brack sold 600 shares of the company’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $125.74, for a total value of $75,444.00. Following the completion of the transaction, the director now owns 7,966 shares in the company, valued at approximately $1,001,644.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.21% of the company’s stock.

Institutional Trading of Federal Agricultural Mortgage

A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc boosted its stake in Federal Agricultural Mortgage by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 4,101 shares of the credit services provider’s stock worth $400,000 after purchasing an additional 91 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Federal Agricultural Mortgage by 1.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,024 shares of the credit services provider’s stock worth $870,000 after purchasing an additional 118 shares during the period. Royal Bank of Canada boosted its stake in Federal Agricultural Mortgage by 0.7% during the 3rd quarter. Royal Bank of Canada now owns 19,007 shares of the credit services provider’s stock worth $1,885,000 after purchasing an additional 134 shares during the period. Baird Financial Group Inc. boosted its stake in Federal Agricultural Mortgage by 1.6% during the 3rd quarter. Baird Financial Group Inc. now owns 9,255 shares of the credit services provider’s stock worth $917,000 after purchasing an additional 145 shares during the period. Finally, Belpointe Asset Management LLC lifted its stake in shares of Federal Agricultural Mortgage by 0.6% in the 3rd quarter. Belpointe Asset Management LLC now owns 26,376 shares of the credit services provider’s stock worth $2,615,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 66.13% of the company’s stock.

About Federal Agricultural Mortgage

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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 (United States Department of Agriculture) 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.