Federal Agricultural Mortgage (NYSE:AGM) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Federal Agricultural Mortgage Corporation (NYSE:AGM) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $179.70 and traded as high as $179.98. Federal Agricultural Mortgage shares last traded at $178.63, with a volume of 124,656 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AGM. Keefe, Bruyette & Woods upgraded Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from $217.00 to $219.00 in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a report on Monday, December 15th. Finally, Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $219.00.

Federal Agricultural Mortgage Trading Up 0.9%

The company has a debt-to-equity ratio of 1.81, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a fifty day simple moving average of $168.24 and a two-hundred day simple moving average of $179.70. The firm has a market capitalization of $1.95 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 0.92 and a beta of 1.00.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Monday, November 3rd. The credit services provider reported $4.52 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.09. The firm had revenue of $97.77 million for the quarter, compared to analysts’ expectations of $100.94 million. Federal Agricultural Mortgage had a return on equity of 18.63% and a net margin of 13.38%. On average, equities research analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, December 15th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 34.17%.

Institutional Trading of Federal Agricultural Mortgage

A number of institutional investors have recently modified their holdings of AGM. Allworth Financial LP boosted its holdings in Federal Agricultural Mortgage by 12,800.0% in the 2nd quarter. Allworth Financial LP now owns 129 shares of the credit services provider’s stock worth $25,000 after buying an additional 128 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Federal Agricultural Mortgage during the first quarter worth $34,000. Jones Financial Companies Lllp lifted its position in shares of Federal Agricultural Mortgage by 124.0% during the third quarter. Jones Financial Companies Lllp now owns 271 shares of the credit services provider’s stock worth $47,000 after acquiring an additional 150 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Federal Agricultural Mortgage in the third quarter worth $48,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Federal Agricultural Mortgage in the third quarter valued at $50,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.