Keefe, Bruyette & Woods reiterated their market perform rating on shares of Federal Agricultural Mortgage (NYSE:AGM - Free Report) in a report released on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a $215.00 price target on the credit services provider's stock, down from their previous price target of $230.00.
Federal Agricultural Mortgage Stock Performance
Shares of AGM stock traded down $2.46 during midday trading on Monday, hitting $194.06. 53,294 shares of the company were exchanged, compared to its average volume of 44,129. The firm has a market capitalization of $2.12 billion, a P/E ratio of 11.80, a PEG ratio of 1.69 and a beta of 0.97. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The firm's 50 day moving average price is $181.76 and its two-hundred day moving average price is $194.28. Federal Agricultural Mortgage has a 52 week low of $159.64 and a 52 week high of $217.60.
Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its earnings results on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, topping the consensus estimate of $4.00 by $0.19. The business had revenue of $96.79 million during the quarter, compared to the consensus estimate of $94.33 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. As a group, equities research analysts anticipate that Federal Agricultural Mortgage will post 17.6 earnings per share for the current year.
Federal Agricultural Mortgage Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Monday, June 16th. Federal Agricultural Mortgage's payout ratio is 37.08%.
Insider Buying and Selling
In other Federal Agricultural Mortgage news, CFO Aparna Ramesh sold 1,000 shares of Federal Agricultural Mortgage 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 sale, the chief financial officer now owns 9,242 shares in the company, valued at $1,865,590.12. The trade was a 9.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total transaction of $513,025.00. Following the completion of the sale, the director now owns 8,644 shares of the company's stock, valued at $1,773,835.24. This trade represents a 22.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,850 shares of company stock valued at $782,176. Company insiders own 2.20% 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. Barclays PLC raised its stake in Federal Agricultural Mortgage by 181.7% in the 3rd quarter. Barclays PLC now owns 18,172 shares of the credit services provider's stock worth $3,405,000 after purchasing an additional 11,721 shares in the last quarter. Ellsworth Advisors LLC raised its position in shares of Federal Agricultural Mortgage by 6.8% in the 4th quarter. Ellsworth Advisors LLC now owns 3,817 shares of the credit services provider's stock valued at $752,000 after buying an additional 243 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Federal Agricultural Mortgage in the 4th quarter valued at approximately $209,000. Copeland Capital Management LLC raised its position in shares of Federal Agricultural Mortgage by 2.5% in the 4th quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider's stock valued at $58,654,000 after buying an additional 7,283 shares in the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of Federal Agricultural Mortgage in the 4th quarter valued at approximately $315,000. Institutional investors and hedge funds own 68.03% of the company's stock.
About Federal Agricultural Mortgage
(
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.
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