Keefe, Bruyette & Woods Reaffirms "Market Perform" Rating for Federal Agricultural Mortgage (NYSE:AGM)

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report)'s stock had its "market perform" rating reissued by investment analysts at Keefe, Bruyette & Woods in a report issued on Monday,Benzinga reports. They currently have a $215.00 price target on the credit services provider's stock, down from their previous price target of $230.00. Keefe, Bruyette & Woods' price target suggests a potential upside of 11.56% from the stock's previous close.

Federal Agricultural Mortgage Stock Performance

Shares of Federal Agricultural Mortgage stock traded up $7.16 during midday trading on Monday, hitting $192.72. The company had a trading volume of 30,059 shares, compared to its average volume of 43,790. Federal Agricultural Mortgage has a 1-year low of $159.64 and a 1-year high of $217.60. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The business's 50 day simple moving average is $182.16 and its two-hundred day simple moving average is $194.09. The stock has a market cap of $2.10 billion, a PE ratio of 11.72, a P/E/G ratio of 1.69 and a beta of 0.97.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, topping analysts' consensus estimates of $4.00 by $0.19. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. The firm had revenue of $96.79 million during the quarter, compared to analyst estimates of $94.33 million. As a group, equities analysts predict that Federal Agricultural Mortgage will post 17.6 EPS for the current fiscal year.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total value of $513,025.00. Following the completion of the transaction, the director now directly owns 8,644 shares in the company, valued at approximately $1,773,835.24. This trade represents a 22.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aparna Ramesh sold 1,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total value of $201,860.00. Following the completion of the transaction, the chief financial officer now owns 9,242 shares of the company's stock, valued at $1,865,590.12. This represents a 9.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. bought a new position in shares of Federal Agricultural Mortgage during the fourth quarter worth about $25,000. KBC Group NV acquired a new stake in Federal Agricultural Mortgage in the first quarter valued at approximately $35,000. Byrne Asset Management LLC grew 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 valued at $45,000 after acquiring an additional 130 shares during the period. Versant Capital Management Inc bought a new position in shares of Federal Agricultural Mortgage in the first quarter valued at approximately $54,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Federal Agricultural Mortgage in the fourth quarter valued at approximately $100,000. 68.03% of the stock is currently owned by institutional investors.

About Federal Agricultural Mortgage

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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