Federal Agricultural Mortgage (NYSE:AGM) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report)'s stock had its "outperform" rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a note issued to investors on Wednesday, Benzinga reports. They currently have a $212.00 price target on the credit services provider's stock, down from their previous price target of $225.00. Keefe, Bruyette & Woods' target price indicates a potential upside of 18.43% from the company's current price.

Federal Agricultural Mortgage Price Performance

Shares of AGM traded up $5.76 during mid-day trading on Wednesday, reaching $179.01. The company had a trading volume of 89,023 shares, compared to its average volume of 63,549. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.92 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.46 and a current ratio of 0.46. The company's 50 day simple moving average is $187.43 and its 200 day simple moving average is $179.56. Federal Agricultural Mortgage has a 1-year low of $122.96 and a 1-year high of $199.40.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The credit services provider reported $3.96 EPS for the quarter, beating analysts' consensus estimates of $3.94 by $0.02. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. The company had revenue of $403.63 million during the quarter, compared to analysts' expectations of $92.22 million. During the same period in the prior year, the company earned $3.56 EPS. Analysts expect that Federal Agricultural Mortgage will post 17 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at $18,283,000. American Century Companies Inc. lifted its holdings in Federal Agricultural Mortgage by 15.0% in the third quarter. American Century Companies Inc. now owns 77,709 shares of the credit services provider's stock valued at $11,990,000 after buying an additional 10,133 shares during the period. Raymond James & Associates boosted its position in Federal Agricultural Mortgage by 0.5% during the first quarter. Raymond James & Associates now owns 62,234 shares of the credit services provider's stock valued at $12,253,000 after acquiring an additional 319 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Federal Agricultural Mortgage by 26.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 58,409 shares of the credit services provider's stock worth $9,013,000 after acquiring an additional 12,053 shares during the period. Finally, UBS Group AG lifted its stake in shares of Federal Agricultural Mortgage by 11.6% in the 4th quarter. UBS Group AG now owns 48,564 shares of the credit services provider's stock valued at $9,286,000 after purchasing an additional 5,061 shares during the period. 68.03% of the stock is 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.