Federal Agricultural Mortgage (NYSE:AGM) Sets New 1-Year Low – Time to Sell?

Federal Agricultural Mortgage Corporation (NYSE:AGM) shares hit a new 52-week low on Tuesday . The company traded as low as $146.61 and last traded at $147.0950, with a volume of 105551 shares trading hands. The stock had previously closed at $149.77.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wall Street Zen cut Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research note on Monday, December 22nd. Finally, Keefe, Bruyette & Woods reduced their price target on Federal Agricultural Mortgage from $219.00 to $215.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $215.00.

Federal Agricultural Mortgage Stock Down 1.7%

The company has a debt-to-equity ratio of 2.00, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $1.60 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.71 and a beta of 0.99. The company has a 50-day simple moving average of $167.80 and a 200-day simple moving average of $172.02.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Thursday, February 19th. The credit services provider reported $3.66 EPS for the quarter, missing the consensus estimate of $4.50 by ($0.84). Federal Agricultural Mortgage had a net margin of 15.73% and a return on equity of 17.93%. The business had revenue of $101.39 million during the quarter, compared to the consensus estimate of $107.45 million. Analysts expect that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, March 16th. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.50. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 38.46%.

Institutional Trading of Federal Agricultural Mortgage

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP grew its stake in 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. Acadian Asset Management LLC bought a new stake in Federal Agricultural Mortgage during the 1st quarter valued at $34,000. Farther Finance Advisors LLC lifted its holdings in shares of Federal Agricultural Mortgage by 53.6% in the 4th quarter. Farther Finance Advisors LLC now owns 212 shares of the credit services provider’s stock worth $37,000 after buying an additional 74 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Federal Agricultural Mortgage in the 4th quarter worth $40,000. Finally, Jones Financial Companies Lllp grew its position in shares of Federal Agricultural Mortgage by 124.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 271 shares of the credit services provider’s stock worth $47,000 after buying an additional 150 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

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.