Federal Agricultural Mortgage (NYSE:AGM) Earns Outperform Rating from Keefe, Bruyette & Woods

Federal Agricultural Mortgage (NYSE:AGM)‘s stock had its “outperform” rating reaffirmed by Keefe, Bruyette & Woods in a report released on Wednesday, Benzinga reports. They presently have a $212.00 price target on the credit services provider’s stock, down from their prior price target of $225.00. Keefe, Bruyette & Woods’ price target points to a potential upside of 18.89% from the stock’s current price.

Federal Agricultural Mortgage Price Performance

Shares of NYSE:AGM opened at $178.31 on Wednesday. The company has a market cap of $1.93 billion, a PE ratio of 10.87 and a beta of 1.08. Federal Agricultural Mortgage has a fifty-two week low of $122.96 and a fifty-two week high of $199.40. The firm has a 50-day simple moving average of $187.42 and a 200 day simple moving average of $179.55. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.51.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, May 6th. The credit services provider reported $3.96 EPS for the quarter, beating the consensus estimate of $3.94 by $0.02. The company had revenue of $403.63 million during the quarter, compared to analyst estimates of $92.22 million. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. During the same period in the prior year, the company earned $3.56 earnings per share. On average, sell-side analysts anticipate that Federal Agricultural Mortgage will post 17 EPS for the current year.

Institutional Trading of Federal Agricultural Mortgage

A number of hedge funds and other institutional investors have recently modified their holdings of AGM. International Assets Investment Management LLC purchased a new position in Federal Agricultural Mortgage in the 4th quarter worth about $18,283,000. American Century Companies Inc. grew its position in Federal Agricultural Mortgage by 15.0% during the 3rd quarter. American Century Companies Inc. now owns 77,709 shares of the credit services provider’s stock worth $11,990,000 after purchasing an additional 10,133 shares in the last quarter. Raymond James & Associates grew its stake in Federal Agricultural Mortgage by 0.5% during the 1st 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 in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Federal Agricultural Mortgage by 26.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 58,409 shares of the credit services provider’s stock valued at $9,013,000 after purchasing an additional 12,053 shares during the period. Finally, UBS Group AG lifted its position in 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 worth $9,286,000 after buying an additional 5,061 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Company Profile

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.