Federal Agricultural Mortgage (NYSE:AGM) Shares Gap Up – Still a Buy?

Federal Agricultural Mortgage Corporation (NYSE:AGM)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $196.09, but opened at $204.63. Federal Agricultural Mortgage shares last traded at $208.4280, with a volume of 7,930 shares traded.

Analyst Ratings Changes

AGM has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Wall Street Zen upgraded shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Federal Agricultural Mortgage from $215.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $228.00.

Federal Agricultural Mortgage Stock Down 0.5%

The stock has a market capitalization of $2.23 billion, a P/E ratio of 11.81, a PEG ratio of 0.95 and a beta of 0.99. The stock has a 50 day moving average price of $186.49 and a 200-day moving average price of $172.60. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.56 and a quick ratio of 0.56.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Tuesday, May 5th. The credit services provider reported $4.74 earnings per share for the quarter, beating analysts’ consensus estimates of $4.44 by $0.30. The company had revenue of $109.12 million during the quarter, compared to analyst estimates of $110.76 million. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%. As a group, research analysts expect that Federal Agricultural Mortgage Corporation will post 19.75 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th. Federal Agricultural Mortgage’s payout ratio is 36.82%.

Institutional Trading of Federal Agricultural Mortgage

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in Federal Agricultural Mortgage by 640.0% during the 4th quarter. Allworth Financial LP now owns 185 shares of the credit services provider’s stock valued at $32,000 after buying an additional 160 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Federal Agricultural Mortgage during the 1st quarter valued at $34,000. Farther Finance Advisors LLC grew its holdings in Federal Agricultural Mortgage by 53.6% in the 4th quarter. Farther Finance Advisors LLC now owns 212 shares of the credit services provider’s stock worth $37,000 after acquiring an additional 74 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Federal Agricultural Mortgage in the 4th quarter worth $40,000. Finally, Advisory Services Network LLC bought a new stake in Federal Agricultural Mortgage in the 3rd quarter worth $48,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Company Profile

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.