Federal Agricultural Mortgage (NYSE:AGM) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Federal Agricultural Mortgage Corporation (NYSE:AGM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $168.66 and traded as high as $183.91. Federal Agricultural Mortgage shares last traded at $182.4420, with a volume of 207,894 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $228.00.

Federal Agricultural Mortgage Stock Up 4.4%

The firm’s fifty day simple moving average is $168.22 and its 200 day simple moving average is $168.66. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.93. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 0.80 and a beta of 1.00.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $4.74 earnings per share for the quarter, beating analysts’ consensus estimates of $4.44 by $0.30. The business had revenue of $109.13 million for the quarter, compared to analyst estimates of $110.76 million. Federal Agricultural Mortgage had a net margin of 20.78% and a return on equity of 18.20%. Sell-side analysts predict that Federal Agricultural Mortgage Corporation will post 19.75 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $1.60 dividend. The ex-dividend date is Monday, June 15th. This represents a $6.40 dividend on an annualized basis and a yield of 3.5%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 36.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital World Investors acquired a new stake in shares of Federal Agricultural Mortgage during the 3rd quarter worth about $46,324,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Federal Agricultural Mortgage by 261,128.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 128,002 shares of the credit services provider’s stock valued at $22,473,000 after purchasing an additional 127,953 shares in the last quarter. Wellington Management Group LLP increased its stake in Federal Agricultural Mortgage by 44.5% in the fourth quarter. Wellington Management Group LLP now owns 262,931 shares of the credit services provider’s stock valued at $46,163,000 after purchasing an additional 80,911 shares during the last quarter. Captrust Financial Advisors raised its holdings in Federal Agricultural Mortgage by 14.8% during the fourth quarter. Captrust Financial Advisors now owns 358,908 shares of the credit services provider’s stock worth $63,013,000 after purchasing an additional 46,262 shares in the last quarter. Finally, Man Group plc raised its holdings in Federal Agricultural Mortgage by 1,262.0% during the third quarter. Man Group plc now owns 47,508 shares of the credit services provider’s stock worth $7,980,000 after purchasing an additional 44,020 shares in the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Company Profile

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.