Federal Agricultural Mortgage (NYSE:AGM) Price Target Cut to $215.00 by Analysts at Keefe, Bruyette & Woods

Federal Agricultural Mortgage (NYSE:AGM) had its price target cut by Keefe, Bruyette & Woods from $219.00 to $215.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an outperform rating on the credit services provider’s stock.

A number of other equities analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research note on Monday, December 22nd. Wall Street Zen downgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Federal Agricultural Mortgage presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.00.

Federal Agricultural Mortgage Stock Up 3.9%

AGM opened at $155.26 on Monday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.57 and a quick ratio of 0.57. The business has a 50 day simple moving average of $173.56 and a 200-day simple moving average of $175.81. The stock has a market capitalization of $1.69 billion, a P/E ratio of 9.33, a P/E/G ratio of 0.70 and a beta of 0.99. Federal Agricultural Mortgage has a 12 month low of $146.69 and a 12 month high of $210.78.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Thursday, February 19th. The credit services provider reported $3.66 earnings per share for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.84). The business had revenue of $101.39 million for the quarter, compared to analyst estimates of $107.45 million. Federal Agricultural Mortgage had a return on equity of 17.93% and a net margin of 15.73%. On average, equities analysts anticipate that Federal Agricultural Mortgage will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $1.60 per share. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.1%. Federal Agricultural Mortgage’s dividend payout ratio is 36.06%.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC increased its position in Federal Agricultural Mortgage by 8.3% during the first quarter. AQR Capital Management LLC now owns 6,702 shares of the credit services provider’s stock worth $1,257,000 after buying an additional 513 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Federal Agricultural Mortgage by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,469 shares of the credit services provider’s stock valued at $1,025,000 after acquiring an additional 267 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Federal Agricultural Mortgage by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,683 shares of the credit services provider’s stock valued at $4,066,000 after acquiring an additional 2,070 shares during the last quarter. Intech Investment Management LLC increased its position in Federal Agricultural Mortgage by 54.1% during the 1st quarter. Intech Investment Management LLC now owns 7,678 shares of the credit services provider’s stock worth $1,440,000 after purchasing an additional 2,694 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Federal Agricultural Mortgage in the 1st quarter valued at about $34,000. 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.