Federal Agricultural Mortgage’s (AGM) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Federal Agricultural Mortgage (NYSE:AGM) in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Keefe, Bruyette & Woods upped their price target on Federal Agricultural Mortgage from $215.00 to $217.00 and gave the company a “market perform” rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Federal Agricultural Mortgage has an average rating of “Hold” and a consensus target price of $217.00.

Federal Agricultural Mortgage Stock Performance

Shares of AGM opened at $163.95 on Wednesday. The business’s 50 day moving average is $185.81 and its two-hundred day moving average is $184.20. Federal Agricultural Mortgage has a 52-week low of $156.56 and a 52-week high of $217.14. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 0.83 and a beta of 0.95. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.95.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings results on Thursday, August 7th. The credit services provider reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.03. The business had revenue of $100.51 million for the quarter, compared to analyst estimates of $96.54 million. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%. Analysts forecast that Federal Agricultural Mortgage will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $1.50 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.00 annualized dividend and a yield of 3.7%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 35.34%.

Insiders Place Their Bets

In other news, insider Gregory Ramsey sold 1,500 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $206.71, for a total value of $310,065.00. Following the completion of the transaction, the insider owned 3,085 shares of the company’s stock, valued at approximately $637,700.35. This represents a 32.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Bradford T. Nordholm sold 4,224 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $206.12, for a total value of $870,650.88. Following the completion of the transaction, the chief executive officer directly owned 32,770 shares of the company’s stock, valued at approximately $6,754,552.40. The trade was a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,017 shares of company stock valued at $1,240,807 over the last three months. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. grew its stake in shares of Federal Agricultural Mortgage by 0.5% in the second quarter. Baird Financial Group Inc. now owns 17,877 shares of the credit services provider’s stock worth $3,473,000 after purchasing an additional 81 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Federal Agricultural Mortgage by 4.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,075 shares of the credit services provider’s stock worth $403,000 after purchasing an additional 89 shares in the last quarter. Napatree Capital LLC grew its stake in shares of Federal Agricultural Mortgage by 7.2% in the first quarter. Napatree Capital LLC now owns 1,525 shares of the credit services provider’s stock worth $286,000 after purchasing an additional 102 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Federal Agricultural Mortgage by 1.5% in the second quarter. California State Teachers Retirement System now owns 8,640 shares of the credit services provider’s stock worth $1,679,000 after purchasing an additional 127 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Federal Agricultural Mortgage by 12,800.0% in the second quarter. Allworth Financial LP now owns 129 shares of the credit services provider’s stock worth $25,000 after purchasing an additional 128 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company’s Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.