Federal Agricultural Mortgage (NYSE:AGM) Cut to Sell at Wall Street Zen

Federal Agricultural Mortgage (NYSE:AGM) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

AGM has been the topic of a number of other reports. Keefe, Bruyette & Woods upgraded Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and lifted their price objective for the stock from $217.00 to $219.00 in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a report on Monday, December 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Federal Agricultural Mortgage has an average rating of “Moderate Buy” and a consensus price target of $219.00.

Federal Agricultural Mortgage Price Performance

NYSE AGM opened at $175.26 on Friday. Federal Agricultural Mortgage has a 1 year low of $155.00 and a 1 year high of $212.24. The company has a fifty day simple moving average of $172.86 and a 200 day simple moving average of $178.56. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.81. The company has a market cap of $1.91 billion, a P/E ratio of 9.98, a P/E/G ratio of 0.83 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM) last announced its earnings results on Monday, November 3rd. The credit services provider reported $4.52 EPS for the quarter, topping the consensus estimate of $4.43 by $0.09. Federal Agricultural Mortgage had a net margin of 13.38% and a return on equity of 18.63%. The firm had revenue of $97.77 million for the quarter, compared to the consensus estimate of $100.94 million. On average, sell-side analysts predict that Federal Agricultural Mortgage will post 17.6 EPS for the current year.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several large investors have recently added to or reduced their stakes in AGM. CSM Advisors LLC acquired a new position in shares of Federal Agricultural Mortgage in the second quarter valued at $5,916,000. VELA Investment Management LLC raised its stake in shares of Federal Agricultural Mortgage by 18.2% in the 2nd quarter. VELA Investment Management LLC now owns 15,350 shares of the credit services provider’s stock valued at $2,982,000 after buying an additional 2,368 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 263,396 shares of the credit services provider’s stock worth $51,173,000 after acquiring an additional 18,846 shares during the period. R Squared Ltd acquired a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter valued at about $350,000. Finally, Geode Capital Management LLC boosted its position in shares of Federal Agricultural Mortgage by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 223,157 shares of the credit services provider’s stock valued at $43,360,000 after acquiring an additional 3,550 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

About Federal Agricultural Mortgage

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.