Federal Agricultural Mortgage (NYSE:AGM) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $170.37 and traded as high as $195.00. Federal Agricultural Mortgage shares last traded at $194.4050, with a volume of 200,215 shares changing hands.

Analyst Ratings Changes

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

Federal Agricultural Mortgage Stock Down 0.3%

The company has a market cap of $2.11 billion, a PE ratio of 11.19, a P/E/G ratio of 0.90 and a beta of 1.00. The firm has a 50-day simple moving average of $179.15 and a two-hundred day simple moving average of $170.37. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.56 and a quick ratio of 0.56.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $4.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.44 by $0.30. The business had revenue of $109.12 million for the quarter, compared to the consensus estimate of $110.76 million. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $1.60 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.40 annualized dividend and a yield of 3.3%. Federal Agricultural Mortgage’s payout ratio is presently 36.82%.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Hedge funds have recently modified their holdings of the company. Militia Capital Management LLC acquired a new position in shares of Federal Agricultural Mortgage in the first quarter valued at approximately $2,374,000. Bank of America Corp DE boosted its position in Federal Agricultural Mortgage by 6.8% during the first quarter. Bank of America Corp DE now owns 17,158 shares of the credit services provider’s stock worth $2,545,000 after acquiring an additional 1,087 shares during the last quarter. California State Teachers Retirement System boosted its position in Federal Agricultural Mortgage by 37.9% during the first quarter. California State Teachers Retirement System now owns 11,907 shares of the credit services provider’s stock worth $1,766,000 after acquiring an additional 3,275 shares during the last quarter. Empowered Funds LLC grew its stake in Federal Agricultural Mortgage by 55.5% in the 1st quarter. Empowered Funds LLC now owns 96,341 shares of the credit services provider’s stock worth $14,292,000 after acquiring an additional 34,375 shares during the period. Finally, Quantinno Capital Management LP grew its stake in Federal Agricultural Mortgage by 10.4% in the 1st quarter. Quantinno Capital Management LP now owns 2,859 shares of the credit services provider’s stock worth $424,000 after acquiring an additional 269 shares during the period. 68.03% of the stock is owned by institutional investors and hedge funds.

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.