Federal Agricultural Mortgage (NYSE:AGM) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Federal Agricultural Mortgage (NYSE:AGM – Get Rating) from a buy rating to a hold rating in a report published on Tuesday.

Separately, Sidoti raised Federal Agricultural Mortgage from a neutral rating to a buy rating and set a $138.00 target price for the company in a research report on Thursday, May 5th.

Shares of NYSE AGM opened at $96.95 on Tuesday. Federal Agricultural Mortgage has a 1-year low of $90.38 and a 1-year high of $137.01. The business has a 50-day moving average of $102.10 and a 200-day moving average of $114.22. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 8.73 and a beta of 0.93.

Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last issued its earnings results on Monday, May 9th. The credit services provider reported $2.37 earnings per share for the quarter. Federal Agricultural Mortgage had a return on equity of 19.69% and a net margin of 31.89%. The company had revenue of $82.37 million during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Tuesday, June 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 34.20%.

In other Federal Agricultural Mortgage news, Director Everett M. Dobrinski purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were acquired at an average price of $103.30 per share, for a total transaction of $103,300.00. Following the completion of the purchase, the director now owns 5,343 shares in the company, valued at approximately $551,931.90. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.83% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Rice Hall James & Associates LLC lifted its stake in shares of Federal Agricultural Mortgage by 0.9% in the first quarter. Rice Hall James & Associates LLC now owns 219,346 shares of the credit services provider’s stock worth $23,795,000 after acquiring an additional 2,039 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Federal Agricultural Mortgage by 7.7% during the first quarter. Neuberger Berman Group LLC now owns 2,672 shares of the credit services provider’s stock valued at $290,000 after buying an additional 191 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Federal Agricultural Mortgage by 9.7% during the first quarter. BNP Paribas Arbitrage SA now owns 4,359 shares of the credit services provider’s stock valued at $473,000 after buying an additional 385 shares in the last quarter. Jane Street Group LLC acquired a new stake in Federal Agricultural Mortgage during the first quarter valued at approximately $356,000. Finally, Royal Bank of Canada raised its stake in Federal Agricultural Mortgage by 1.1% during the first quarter. Royal Bank of Canada now owns 17,752 shares of the credit services provider’s stock valued at $1,926,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 65.92% of the company’s stock.

About Federal Agricultural Mortgage (Get Rating)

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 (United States Department of Agriculture) 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 (LTSPC) on designated eligible mortgage loans.

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