Federal Agricultural Mortgage (NYSE:AGM) Hits New 52-Week Low - Here's Why

Key Points

• Federal Agricultural Mortgage's stock has reached a new 52-week low, trading at $159.25 amid recent market fluctuations.
• Analysts have a consensus rating of "Hold" for the company, with a price target adjusted to $217.00, indicating cautious optimism.
• The company declared a quarterly dividend of $1.50, equating to a 3.8% annual yield, highlighting its stable dividend policy despite current stock performance.

Federal Agricultural Mortgage Corporation (NYSE:AGM - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $159.25 and last traded at $159.63, with a volume of 26554 shares changing hands. The stock had previously closed at $163.12.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AGM shares. Keefe, Bruyette & Woods boosted their price objective on shares of Federal Agricultural Mortgage from $215.00 to $217.00 and gave the company a "market perform" rating in a report on Friday, August 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Federal Agricultural Mortgage in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $217.00.

Federal Agricultural Mortgage Stock Down 3.4%

The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.95. The company has a fifty day simple moving average of $186.71 and a 200-day simple moving average of $184.99. The firm has a market cap of $1.72 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 0.84 and a beta of 0.95.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its earnings results on Thursday, August 7th. The credit services provider reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.29 by $0.03. Federal Agricultural Mortgage had a net margin of 13.14% and a return on equity of 18.86%. The company had revenue of $100.51 million during the quarter, compared to analyst estimates of $96.54 million. On average, equities analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.50 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.00 dividend on an annualized basis and a yield of 3.8%. Federal Agricultural Mortgage's payout ratio is currently 35.34%.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, EVP Zachary Carpenter sold 293 shares of Federal Agricultural Mortgage stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $205.09, for a total value of $60,091.37. Following the sale, the executive vice president directly owned 10,532 shares in the company, valued at approximately $2,160,007.88. The trade was a 2.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bradford T. Nordholm sold 4,224 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $206.12, for a total value of $870,650.88. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,017 shares of company stock valued at $1,240,807. Corporate insiders own 2.21% of the company's stock.

Institutional Trading of Federal Agricultural Mortgage

Several hedge funds and other institutional investors have recently bought and sold shares of AGM. Allworth Financial LP increased its position in Federal Agricultural Mortgage by 12,800.0% during the second quarter. Allworth Financial LP now owns 129 shares of the credit services provider's stock valued at $25,000 after acquiring an additional 128 shares during the last quarter. Acadian Asset Management LLC bought a new position in Federal Agricultural Mortgage during the 1st quarter valued at about $34,000. KBC Group NV purchased a new stake in Federal Agricultural Mortgage in the 1st quarter worth about $35,000. Byrne Asset Management LLC lifted its stake in Federal Agricultural Mortgage by 116.1% in the first quarter. Byrne Asset Management LLC now owns 242 shares of the credit services provider's stock worth $45,000 after purchasing an additional 130 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Federal Agricultural Mortgage by 106.3% during the first quarter. AlphaQuest LLC now owns 751 shares of the credit services provider's stock valued at $141,000 after buying an additional 387 shares during the last quarter. Hedge funds and other 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.

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