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

Shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Zacks has also given Federal Agricultural Mortgage an industry rank of 231 out of 265 based on the ratings given to related companies.

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A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods set a $93.00 price target on Federal Agricultural Mortgage and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Sidoti raised Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Wednesday, February 14th. Finally, ValuEngine raised Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

A number of institutional investors have recently made changes to their positions in AGM. Teachers Advisors LLC lifted its holdings in Federal Agricultural Mortgage by 118.2% during the 4th quarter. Teachers Advisors LLC now owns 147,298 shares of the credit services provider’s stock valued at $11,525,000 after purchasing an additional 79,805 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in Federal Agricultural Mortgage during the 4th quarter valued at $3,187,000. Fuller & Thaler Asset Management Inc. lifted its holdings in Federal Agricultural Mortgage by 102.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 70,701 shares of the credit services provider’s stock valued at $5,532,000 after purchasing an additional 35,801 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Federal Agricultural Mortgage by 43.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 90,600 shares of the credit services provider’s stock valued at $7,089,000 after purchasing an additional 27,319 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Federal Agricultural Mortgage by 52.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 69,790 shares of the credit services provider’s stock valued at $5,075,000 after purchasing an additional 23,900 shares during the last quarter. 64.42% of the stock is owned by institutional investors and hedge funds.

Federal Agricultural Mortgage (NYSE AGM) traded down $3.47 during midday trading on Friday, reaching $84.10. The company had a trading volume of 39,428 shares, compared to its average volume of 44,011. Federal Agricultural Mortgage has a twelve month low of $53.78 and a twelve month high of $92.57. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.87. The company has a market cap of $930.60, a PE ratio of 12.72 and a beta of 1.23.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Thursday, March 8th. The credit services provider reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.14. Federal Agricultural Mortgage had a return on equity of 15.12% and a net margin of 20.21%. The firm had revenue of $43.96 million during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Monday, March 19th will be issued a dividend of $0.58 per share. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, March 16th. This represents a $2.32 annualized dividend and a yield of 2.76%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 35.10%.

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About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.

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