Wall Street Zen Upgrades Federal Agricultural Mortgage (NYSE:AGM) to “Hold”

Federal Agricultural Mortgage (NYSE:AGM) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts have also issued reports on AGM. Weiss Ratings reiterated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research report on Monday, December 22nd. Keefe, Bruyette & Woods raised shares of Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and lifted their price target for the company from $217.00 to $219.00 in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Federal Agricultural Mortgage has a consensus rating of “Moderate Buy” and an average target price of $219.00.

Federal Agricultural Mortgage Trading Up 0.0%

Shares of NYSE AGM opened at $171.68 on Friday. Federal Agricultural Mortgage has a twelve month low of $155.00 and a twelve month high of $212.24. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.80 and a beta of 0.99. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.81. The company’s fifty day moving average is $174.87 and its 200-day moving average is $175.86.

Institutional Trading of Federal Agricultural Mortgage

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors acquired a new position in shares of Federal Agricultural Mortgage during the 3rd quarter worth about $46,324,000. Northwestern Mutual Wealth Management Co. increased its position in Federal Agricultural Mortgage by 261,128.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 128,002 shares of the credit services provider’s stock worth $22,473,000 after buying an additional 127,953 shares during the last quarter. Man Group plc increased its position in Federal Agricultural Mortgage by 1,262.0% during the third quarter. Man Group plc now owns 47,508 shares of the credit services provider’s stock worth $7,980,000 after buying an additional 44,020 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Federal Agricultural Mortgage by 11.4% in the third quarter. Thrivent Financial for Lutherans now owns 420,679 shares of the credit services provider’s stock valued at $70,665,000 after buying an additional 43,160 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of Federal Agricultural Mortgage by 1,581.4% in the second quarter. ProShare Advisors LLC now owns 33,274 shares of the credit services provider’s stock valued at $6,464,000 after buying an additional 31,295 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

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.