Federal Agricultural Mortgage (NYSE:AGM) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

by · The Markets Daily

Federal Agricultural Mortgage Corporation (NYSE:AGM – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $169.75 and traded as high as $185.86. Federal Agricultural Mortgage shares last traded at $183.7020, with a volume of 121,691 shares traded.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Keefe, Bruyette & Woods increased their target price on shares of Federal Agricultural Mortgage from $215.00 to $228.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.00.

Get Our Latest Research Report on AGM

Federal Agricultural Mortgage Price Performance

The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.56 and a current ratio of 0.56. The business has a 50 day moving average price of $175.55 and a 200-day moving average price of $169.75. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 0.84 and a beta of 1.00.

Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) last released its earnings results on Tuesday, May 5th. The credit services provider reported $4.74 EPS for the quarter, topping the consensus estimate of $4.44 by $0.30. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%.The business had revenue of $109.12 million during the quarter, compared to analysts’ expectations of $110.76 million. Research analysts predict that Federal Agricultural Mortgage Corporation will post 19.75 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $1.60 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.5%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AGM. Acadian Asset Management LLC acquired a new stake in Federal Agricultural Mortgage in the first quarter worth $34,000. Allworth Financial LP increased its stake in Federal Agricultural Mortgage by 640.0% in the fourth quarter. Allworth Financial LP now owns 185 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Federal Agricultural Mortgage by 53.6% during the fourth quarter. Farther Finance Advisors LLC now owns 212 shares of the credit services provider’s stock valued at $37,000 after purchasing an additional 74 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Federal Agricultural Mortgage during the 4th quarter worth about $40,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Federal Agricultural Mortgage by 124.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 271 shares of the credit services provider’s stock valued at $47,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Company Profile

(Get Free Report)

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.

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