AlphaQuest LLC Reduces Stock Holdings in Federal Agricultural Mortgage Corporation $AGM

AlphaQuest LLC lowered its stake in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 86.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 502 shares of the credit services provider’s stock after selling 3,244 shares during the period. AlphaQuest LLC’s holdings in Federal Agricultural Mortgage were worth $84,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Allworth Financial LP lifted its position in shares of 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 purchasing an additional 128 shares during the period. Acadian Asset Management LLC bought a new position in Federal Agricultural Mortgage in the first quarter worth about $34,000. CWM LLC lifted its holdings in Federal Agricultural Mortgage by 205.8% in the third quarter. CWM LLC now owns 318 shares of the credit services provider’s stock worth $53,000 after buying an additional 214 shares during the period. KBC Group NV boosted its position in Federal Agricultural Mortgage by 105.4% during the 2nd quarter. KBC Group NV now owns 382 shares of the credit services provider’s stock valued at $74,000 after acquiring an additional 196 shares in the last quarter. Finally, Byrne Asset Management LLC grew its holdings in shares of Federal Agricultural Mortgage by 39.0% during the 3rd quarter. Byrne Asset Management LLC now owns 385 shares of the credit services provider’s stock worth $65,000 after acquiring an additional 108 shares during the period. 68.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AGM has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upgraded Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and raised their target price for the company from $217.00 to $219.00 in a research note on Wednesday, November 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Federal Agricultural Mortgage currently has an average rating of “Moderate Buy” and a consensus target price of $219.00.

Federal Agricultural Mortgage Price Performance

Shares of NYSE:AGM opened at $173.83 on Friday. The business has a fifty day moving average price of $175.18 and a 200-day moving average price of $175.99. 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 company has a market capitalization of $1.89 billion, a PE ratio of 9.90, a PEG ratio of 0.82 and a beta of 0.99. Federal Agricultural Mortgage Corporation has a 1-year low of $155.00 and a 1-year high of $212.24.

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.