Federal Agricultural Mortgage (NYSE:AGM) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $197.97, but opened at $183.42. Federal Agricultural Mortgage shares last traded at $181.8130, with a volume of 3,932 shares changing hands.

Analysts Set New Price Targets

AGM has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Federal Agricultural Mortgage in a research report on Friday, September 25th. Zacks Research lowered shares of Federal Agricultural Mortgage from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Federal Agricultural Mortgage from $228.00 to $255.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $255.00.

View Our Latest Report on AGM

Federal Agricultural Mortgage Stock Down 4.0%

The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 1.75. The company has a market cap of $1.89 billion, a PE ratio of 9.23, a P/E/G ratio of 0.74 and a beta of 1.02. The stock has a 50-day moving average of $209.91 and a 200-day moving average of $189.61.

Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) last posted its earnings results on Thursday, November 5th. The credit services provider reported $4.82 EPS for the quarter, missing the consensus estimate of $5.20 by ($0.38). The business had revenue of $125.25 million for the quarter, compared to analysts’ expectations of $121.29 million. Federal Agricultural Mortgage had a return on equity of 19.16% and a net margin of 28.88%. Sell-side analysts predict that Federal Agricultural Mortgage Corporation will post 20.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Federal Agricultural Mortgage in the third quarter valued at approximately $1,838,000. Militia Capital Management LLC bought a new stake in Federal Agricultural Mortgage during the first quarter valued at approximately $2,374,000. Huntington Bancshares Inc. MD purchased a new position in Federal Agricultural Mortgage in the 2nd quarter worth approximately $2,340,508,000. Principal Financial Group Inc. grew its stake in Federal Agricultural Mortgage by 12.7% in the 1st quarter. Principal Financial Group Inc. now owns 351,330 shares of the credit services provider’s stock worth $52,123,000 after buying an additional 39,702 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Federal Agricultural Mortgage in the 1st quarter worth approximately $814,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Company Profile

(Get Free Report)

Federal Agricultural Mortgage Corporation, known as Farmer Mac, operates a secondary market that helps provide liquidity to lenders serving U.S. agriculture and rural communities. Established by Congress under the Agricultural Credit Act of 1987, the company purchases eligible loans and provides guarantees and other financing solutions to lending institutions. Farmer Mac’s offerings support loans for farms and ranches, rural utilities and infrastructure, and other eligible rural borrowers. Its programs also include financing tied to USDA-guaranteed loans.

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