Federal Agricultural Mortgage Corp. (NYSE:AGM) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Zacks has also given Federal Agricultural Mortgage an industry rank of 170 out of 255 based on the ratings given to its competitors.
NYSE:AGM traded up $1.03 on Tuesday, hitting $71.78. 7,876 shares of the stock were exchanged, compared to its average volume of 22,819. The firm has a market capitalization of $765.68 million, a PE ratio of 9.49 and a beta of 1.16. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.37 and a quick ratio of 0.37. Federal Agricultural Mortgage has a fifty-two week low of $55.64 and a fifty-two week high of $99.11.
Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Thursday, November 8th. The credit services provider reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.05. The company had revenue of $49.50 million during the quarter. Federal Agricultural Mortgage had a return on equity of 15.39% and a net margin of 20.12%.
In other news, EVP John Curtis Covington sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $66.41, for a total value of $132,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.48% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC purchased a new position in Federal Agricultural Mortgage in the fourth quarter valued at about $48,000. Robeco Institutional Asset Management B.V. boosted its holdings in Federal Agricultural Mortgage by 100.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,654 shares of the credit services provider’s stock valued at $215,000 after purchasing an additional 1,327 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Federal Agricultural Mortgage in the third quarter valued at about $235,000. Raymond James & Associates purchased a new position in Federal Agricultural Mortgage in the second quarter valued at about $266,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in Federal Agricultural Mortgage in the third quarter valued at about $338,000. 63.56% of the stock is owned by institutional investors.
About Federal Agricultural Mortgage
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans.
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