Federal Agricultural Mortgage (NYSE:AGM) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Federal Agricultural Mortgage Corporation (NYSE:AGM) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $171.22 and traded as high as $203.03. Federal Agricultural Mortgage shares last traded at $199.7690, with a volume of 80,591 shares traded.

Analyst Ratings Changes

AGM has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Federal Agricultural Mortgage from $215.00 to $228.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $228.00.

Federal Agricultural Mortgage Stock Down 0.5%

The business’s fifty day moving average price is $182.47 and its two-hundred day moving average price is $171.22. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $2.17 billion, a P/E ratio of 11.49, a PEG ratio of 0.92 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $4.74 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $109.12 million during the quarter, compared to analyst estimates of $110.76 million. Equities analysts expect that Federal Agricultural Mortgage Corporation will post 19.75 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, June 15th. Federal Agricultural Mortgage’s payout ratio is currently 36.82%.

Institutional Trading of Federal Agricultural Mortgage

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Wilshire Securities Management Inc. boosted its position in shares of Federal Agricultural Mortgage by 0.3% in 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 in the last quarter. Farther Finance Advisors LLC raised its stake in Federal Agricultural Mortgage by 53.6% in the fourth 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 last quarter. Bradley Foster & Sargent Inc. CT raised its stake 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. Hudson Edge Investment Partners Inc. boosted its holdings in Federal Agricultural Mortgage by 2.1% in 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 acquiring an additional 126 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Federal Agricultural Mortgage by 1.5% during the second quarter. California State Teachers Retirement System now owns 8,640 shares of the credit services provider’s stock worth $1,679,000 after acquiring an additional 127 shares during the last quarter. 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.