Federal Agricultural Mortgage (NYSE:AGM) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) crossed 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.

Wall Street Analyst Weigh In

A number of analysts recently 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 report on Saturday, May 9th. Keefe, Bruyette & Woods upped their target price on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the company 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 equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.00.

Federal Agricultural Mortgage Price Performance

The stock’s 50 day moving average price is $182.47 and its 200-day moving average price is $171.22. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $2.17 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.92 and a beta of 0.99.

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

Federal Agricultural Mortgage Announces Dividend

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

Institutional Investors Weigh In On Federal Agricultural Mortgage

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of Federal Agricultural Mortgage by 3,862.5% during the 2nd quarter. Versant Capital Management Inc now owns 317 shares of the credit services provider’s stock worth $63,000 after buying an additional 309 shares in the last quarter. Militia Capital Management LLC bought a new stake in shares of Federal Agricultural Mortgage in the first quarter valued at about $2,374,000. Bank of America Corp DE raised its holdings in shares of Federal Agricultural Mortgage by 6.8% in the first quarter. Bank of America Corp DE now owns 17,158 shares of the credit services provider’s stock valued at $2,545,000 after acquiring an additional 1,087 shares in the last quarter. California State Teachers Retirement System lifted its stake in Federal Agricultural Mortgage by 37.9% in 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 period. Finally, Empowered Funds LLC grew its holdings in Federal Agricultural Mortgage by 55.5% during 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 in the last quarter. 68.03% of the stock is owned by institutional investors.

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.