Federal Agricultural Mortgage (NYSE:AGM) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Federal Agricultural Mortgage Corporation (NYSE:AGM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $172.17 and traded as high as $201.03. Federal Agricultural Mortgage shares last traded at $195.7720, with a volume of 121,823 shares trading hands.

Analysts Set New Price Targets

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

Federal Agricultural Mortgage Stock Down 0.5%

The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 0.90 and a beta of 0.99. The firm’s fifty day simple moving average is $186.00 and its two-hundred day simple moving average is $172.37.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $4.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.44 by $0.30. Federal Agricultural Mortgage had a net margin of 20.78% and a return on equity of 18.20%. The business had revenue of $109.12 million during the quarter, compared to the consensus estimate of $110.76 million. Sell-side analysts anticipate that Federal Agricultural Mortgage Corporation will post 19.75 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

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

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several large investors have recently modified their holdings of AGM. First Wilshire Securities Management Inc. grew its holdings in shares of Federal Agricultural Mortgage by 0.3% during the 4th quarter. First Wilshire Securities Management Inc. now owns 26,616 shares of the credit services provider’s stock worth $4,673,000 after purchasing an additional 72 shares during the period. Farther Finance Advisors LLC raised 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 valued at $37,000 after buying an additional 74 shares during the period. Bradley Foster & Sargent Inc. CT lifted its position in Federal Agricultural Mortgage by 6.5% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,338 shares of the credit services provider’s stock valued at $235,000 after buying an additional 82 shares during the last quarter. Byrne Asset Management LLC lifted its position in Federal Agricultural Mortgage by 11.1% in the second quarter. Byrne Asset Management LLC now owns 1,203 shares of the credit services provider’s stock valued at $240,000 after buying an additional 120 shares during the last quarter. Finally, Hudson Edge Investment Partners Inc. boosted its stake in Federal Agricultural Mortgage by 2.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 6,000 shares of the credit services provider’s stock worth $1,053,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds 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.