Federal Agricultural Mortgage (AGM) Upgraded to “Buy” by Sidoti

Federal Agricultural Mortgage (NYSE:AGM) was upgraded by stock analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.

Other analysts also recently issued reports about the company. ValuEngine upgraded Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $86.00 target price on shares of Federal Agricultural Mortgage in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $86.00.

Shares of Federal Agricultural Mortgage (NYSE AGM) opened at $75.65 on Wednesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market capitalization of $797.37, a PE ratio of 10.17 and a beta of 1.22. Federal Agricultural Mortgage has a 52 week low of $53.78 and a 52 week high of $82.97.

In other news, Director Dennis L. Brack sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $72.13, for a total transaction of $108,195.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Curtis Covington sold 575 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $74.29, for a total value of $42,716.75. The disclosure for this sale can be found here. 3.75% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Federal Agricultural Mortgage by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 95,302 shares of the credit services provider’s stock worth $7,456,000 after purchasing an additional 6,289 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Federal Agricultural Mortgage by 102.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 70,701 shares of the credit services provider’s stock worth $5,532,000 after purchasing an additional 35,801 shares in the last quarter. Martingale Asset Management L P acquired a new position in Federal Agricultural Mortgage in the fourth quarter worth about $658,000. OppenheimerFunds Inc. grew its stake in Federal Agricultural Mortgage by 17.0% in the fourth quarter. OppenheimerFunds Inc. now owns 7,093 shares of the credit services provider’s stock worth $555,000 after purchasing an additional 1,031 shares in the last quarter. Finally, American International Group Inc. acquired a new position in Federal Agricultural Mortgage in the fourth quarter worth about $465,000. Institutional investors own 64.46% of the company’s stock.

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About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.

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