Federal Agricultural Mortgage Corp. (NYSE:AGM) Given Consensus Recommendation of “Strong Buy” by Brokerages

Federal Agricultural Mortgage Corp. (NYSE:AGM) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus target price of $86.00 for the company, according to Zacks. Zacks has also given Federal Agricultural Mortgage an industry rank of 17 out of 255 based on the ratings given to its competitors.

Separately, ValuEngine raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

Federal Agricultural Mortgage stock traded down $1.88 during mid-day trading on Wednesday, reaching $81.06. 38,064 shares of the company’s stock were exchanged, compared to its average volume of 38,916. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 3.01. Federal Agricultural Mortgage has a twelve month low of $55.64 and a twelve month high of $88.46. The company has a market cap of $885.42 million, a P/E ratio of 9.93 and a beta of 1.18. The company has a fifty day moving average of $83.33 and a 200-day moving average of $77.89.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Wednesday, November 6th. The credit services provider reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.03). The company had revenue of $36.68 million for the quarter. Federal Agricultural Mortgage had a return on equity of 20.69% and a net margin of 16.64%.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, December 13th.

In other news, Director James R. Engebretsen sold 500 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $79.97, for a total transaction of $39,985.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.46% of the company’s stock.

A number of large investors have recently modified their holdings of AGM. Bank of Montreal Can lifted its stake in Federal Agricultural Mortgage by 220.5% in the second quarter. Bank of Montreal Can now owns 1,109 shares of the credit services provider’s stock worth $80,000 after acquiring an additional 763 shares during the last quarter. State of Tennessee Treasury Department purchased a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter valued at approximately $177,000. Alpine Woods Capital Investors LLC purchased a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter valued at approximately $245,000. GW&K Investment Management LLC purchased a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter valued at approximately $271,000. Finally, Domini Impact Investments LLC acquired a new position in shares of Federal Agricultural Mortgage during the second quarter worth $402,000. 62.10% of the stock is currently owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Company Profile

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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