Federal Agricultural Mortgage (NYSE:AGM) Stock Dropped to “Hold” by Zacks Research

Zacks Research downgraded shares of Federal Agricultural Mortgage (NYSE:AGM) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks reports.

AGM has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Federal Agricultural Mortgage in a research report on Friday, September 25th. Keefe, Bruyette & Woods lifted their price objective on Federal Agricultural Mortgage from $228.00 to $255.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Federal Agricultural Mortgage has a consensus rating of “Hold” and an average price target of $255.00.

Federal Agricultural Mortgage Trading Down 2.2%

Shares of AGM opened at $207.58 on Tuesday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 11.34, a PEG ratio of 0.79 and a beta of 0.97. Federal Agricultural Mortgage has a twelve month low of $136.57 and a twelve month high of $248.29. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.82. The firm has a fifty day simple moving average of $223.54 and a two-hundred day simple moving average of $192.48.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.87 by $0.53. The firm had revenue of $125.01 million for the quarter, compared to analysts’ expectations of $113.51 million. Federal Agricultural Mortgage had a net margin of 29.98% and a return on equity of 18.90%. On average, research analysts anticipate that Federal Agricultural Mortgage will post 20.72 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $1.60 per share. The ex-dividend date was Tuesday, September 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.1%. Federal Agricultural Mortgage’s payout ratio is currently 34.95%.

Institutional Trading of Federal Agricultural Mortgage

Several large investors have recently bought and sold shares of AGM. Sequoia Financial Advisors LLC grew its holdings in shares of Federal Agricultural Mortgage by 9.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,028 shares of the credit services provider’s stock worth $2,596,000 after acquiring an additional 1,175 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Federal Agricultural Mortgage during the second quarter valued at approximately $93,000. Nykredit A S purchased a new stake in Federal Agricultural Mortgage in the second quarter worth $50,000. VELA Investment Management LLC grew its stake in Federal Agricultural Mortgage by 6.1% in the second quarter. VELA Investment Management LLC now owns 16,648 shares of the credit services provider’s stock worth $3,317,000 after purchasing an additional 952 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Federal Agricultural Mortgage in the second quarter worth $239,000. 68.03% of the stock is owned by institutional investors.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a federally chartered corporation that provides a secondary market for agricultural and rural infrastructure loans. Its activities help agricultural lenders obtain funding and liquidity, supporting the availability of credit for farmers, ranchers, rural homeowners and rural businesses across the United States.

Farmer Mac purchases eligible loans and provides loan guarantees, securitization and other financing solutions through its business segments.