Weiss Ratings Reaffirms "Hold (C)" Rating for Federal Agricultural Mortgage (NYSE:AGM)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Federal Agricultural Mortgage (NYSE: AGM), indicating a cautious stance on the stock.
• Analysts at Keefe, Bruyette & Woods raised their price target for AGM from $215 to $217, maintaining a "market perform" rating.
• Federal Agricultural Mortgage reported earnings of $4.32 per share, exceeding analysts' expectations, with a net margin of 13.14% and revenue of $100.51 million for the last quarter.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Keefe, Bruyette & Woods boosted their price target on Federal Agricultural Mortgage from $215.00 to $217.00 and gave the company a "market perform" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $217.00.

Federal Agricultural Mortgage Stock Performance

NYSE:AGM traded up $4.72 during mid-day trading on Wednesday, reaching $162.26. The company's stock had a trading volume of 36,042 shares, compared to its average volume of 74,536. Federal Agricultural Mortgage has a 12-month low of $156.56 and a 12-month high of $217.14. The firm's fifty day moving average price is $186.38 and its two-hundred day moving average price is $184.80. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.95. The stock has a market cap of $1.77 billion, a P/E ratio of 9.56, a PEG ratio of 0.81 and a beta of 0.95.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its earnings results on Thursday, August 7th. The credit services provider reported $4.32 earnings per share for the quarter, topping analysts' consensus estimates of $4.29 by $0.03. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%.The business had revenue of $100.51 million during the quarter, compared to analyst estimates of $96.54 million. On average, equities analysts forecast that Federal Agricultural Mortgage will post 17.6 EPS for the current fiscal year.

Insider Activity at Federal Agricultural Mortgage

In related news, insider Gregory Ramsey sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $206.71, for a total transaction of $310,065.00. Following the completion of the transaction, the insider directly owned 3,085 shares in the company, valued at approximately $637,700.35. The trade was a 32.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Zachary Carpenter sold 293 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $205.09, for a total value of $60,091.37. Following the transaction, the executive vice president owned 10,532 shares of the company's stock, valued at approximately $2,160,007.88. This trade represents a 2.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,017 shares of company stock worth $1,240,807. 2.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AGM. Osaic Holdings Inc. boosted its stake in Federal Agricultural Mortgage by 87.9% in the 2nd quarter. Osaic Holdings Inc. now owns 804 shares of the credit services provider's stock worth $157,000 after purchasing an additional 376 shares during the period. Captrust Financial Advisors boosted its stake in Federal Agricultural Mortgage by 6.2% in the 2nd quarter. Captrust Financial Advisors now owns 295,353 shares of the credit services provider's stock worth $57,381,000 after purchasing an additional 17,233 shares during the period. Man Group plc boosted its stake in Federal Agricultural Mortgage by 29.9% in the 2nd quarter. Man Group plc now owns 3,488 shares of the credit services provider's stock worth $678,000 after purchasing an additional 802 shares during the period. Militia Capital Partners LP boosted its stake in Federal Agricultural Mortgage by 6.7% in the 2nd quarter. Militia Capital Partners LP now owns 16,000 shares of the credit services provider's stock worth $3,108,000 after purchasing an additional 1,000 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Federal Agricultural Mortgage by 15.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,595 shares of the credit services provider's stock worth $698,000 after purchasing an additional 479 shares during the period. 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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