Federal Agricultural Mortgage Corporation (NYSE:AGM - Get Free Report) saw strong trading volume on Monday . 119,658 shares traded hands during mid-day trading, an increase of 114% from the previous session's volume of 56,017 shares.The stock last traded at $187.84 and had previously closed at $188.14.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $215.00 price target (down previously from $230.00) on shares of Federal Agricultural Mortgage in a research report on Monday, May 12th.
View Our Latest Stock Analysis on AGM
Federal Agricultural Mortgage Price Performance
The firm's 50-day moving average price is $185.36 and its two-hundred day moving average price is $190.87. The stock has a market cap of $2.16 billion, a PE ratio of 12.24, a PEG ratio of 1.61 and a beta of 0.99. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.74.
Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The credit services provider reported $4.19 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.19. Federal Agricultural Mortgage had a net margin of 12.65% and a return on equity of 18.77%. The firm had revenue of $96.79 million during the quarter, compared to analysts' expectations of $94.33 million. On average, equities analysts expect that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.
Federal Agricultural Mortgage Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $1.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.00 annualized dividend and a dividend yield of 3.03%. Federal Agricultural Mortgage's payout ratio is presently 37.08%.
Insider Activity at Federal Agricultural Mortgage
In related news, Director Eric T. Mckissack sold 728 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $192.37, for a total transaction of $140,045.36. Following the completion of the sale, the director now owns 2,357 shares of the company's stock, valued at $453,416.09. This represents a 23.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sara Louise Faivre-Davis sold 350 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $192.26, for a total transaction of $67,291.00. Following the sale, the director now directly owns 1,751 shares of the company's stock, valued at $336,647.26. The trade was a 16.66% decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Federal Agricultural Mortgage
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Global Alpha Capital Management Ltd. raised its holdings in shares of Federal Agricultural Mortgage by 22.9% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 14,036 shares of the credit services provider's stock worth $2,764,000 after buying an additional 2,611 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Federal Agricultural Mortgage in the fourth quarter worth $2,289,000. Ameriprise Financial Inc. purchased a new position in shares of Federal Agricultural Mortgage in the fourth quarter worth $357,000. GAMMA Investing LLC raised its holdings in shares of Federal Agricultural Mortgage by 20,282.6% in the first quarter. GAMMA Investing LLC now owns 9,376 shares of the credit services provider's stock worth $1,758,000 after buying an additional 9,330 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Federal Agricultural Mortgage by 11.1% in the fourth quarter. Wells Fargo & Company MN now owns 63,206 shares of the credit services provider's stock worth $12,448,000 after buying an additional 6,317 shares during the last quarter. Hedge funds and other institutional investors own 68.03% of the company's stock.
Federal Agricultural Mortgage Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Federal Agricultural Mortgage, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Federal Agricultural Mortgage wasn't on the list.
While Federal Agricultural Mortgage currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
