Federal Agricultural Mortgage (NYSE:AGM) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• AGM shares crossed above their 200-day moving average, reaching $230.24 before closing at $221.27, compared with a 200-day average of $181.30.
• Analyst sentiment is broadly positive: MarketBeat reports an average rating of “Buy” and a consensus price target of $255, while Keefe, Bruyette & Woods raised its target to $255 and maintained an “outperform” rating.
• Federal Agricultural Mortgage exceeded quarterly expectations, reporting $5.40 EPS versus $4.87 expected and revenue of $125.01 million; it also declared a quarterly dividend of $1.60, yielding approximately 2.9% annually.

Federal Agricultural Mortgage Corporation (NYSE:AGM - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $181.30 and traded as high as $230.24. Federal Agricultural Mortgage shares last traded at $221.27, with a volume of 112,553 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AGM. Weiss Ratings upgraded shares of Federal Agricultural Mortgage from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, June 29th. Zacks Research raised Federal Agricultural Mortgage from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. Wall Street Zen raised Federal Agricultural Mortgage from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Keefe, Bruyette & Woods upped their price objective on Federal Agricultural Mortgage from $228.00 to $255.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $255.00.

Federal Agricultural Mortgage Stock Down 2.5%

The firm's fifty day moving average is $209.15 and its 200-day moving average is $181.30. The company has a market capitalization of $2.40 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 0.84 and a beta of 0.98. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.56 and a current ratio of 0.56.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.40 EPS for the quarter, beating the consensus estimate of $4.87 by $0.53. The business had revenue of $125.01 million during the quarter, compared to the consensus estimate of $113.51 million. Federal Agricultural Mortgage had a net margin of 29.98% and a return on equity of 18.90%. As a group, equities research analysts predict that Federal Agricultural Mortgage Corporation will post 20.72 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 15th. Federal Agricultural Mortgage's dividend payout ratio is presently 34.95%.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Federal Agricultural Mortgage in the 2nd quarter worth about $27,000. Acadian Asset Management LLC acquired a new stake in shares of Federal Agricultural Mortgage during the first quarter valued at about $34,000. Allworth Financial LP boosted its stake in shares of Federal Agricultural Mortgage by 640.0% during the fourth quarter. Allworth Financial LP now owns 185 shares of the credit services provider's stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Federal Agricultural Mortgage by 53.6% during the fourth quarter. Farther Finance Advisors LLC now owns 212 shares of the credit services provider's stock worth $37,000 after purchasing an additional 74 shares during the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of Federal Agricultural Mortgage during the second quarter worth about $42,000. 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.

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