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

Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $172.17 and traded as high as $201.03. Federal Agricultural Mortgage shares last traded at $195.7720, with a volume of 121,823 shares.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AGM shares. Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Finally, Keefe, Bruyette & Woods increased their price objective 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. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Federal Agricultural Mortgage presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.00.

Federal Agricultural Mortgage Stock Down 1.6%

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 firm has a market capitalization of $2.12 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 0.92 and a beta of 0.99. The business has a 50-day moving average price of $185.52 and a 200-day moving average price of $172.17.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 research analysts forecast that Federal Agricultural Mortgage Corporation will post 19.75 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, June 15th. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.82%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AGM. Thrivent Financial for Lutherans grew its stake in shares of Federal Agricultural Mortgage by 3.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 436,786 shares of the credit services provider’s stock valued at $76,686,000 after buying an additional 16,107 shares in the last quarter. Captrust Financial Advisors grew its position in Federal Agricultural Mortgage by 14.8% in the 4th quarter. Captrust Financial Advisors now owns 358,908 shares of the credit services provider’s stock valued at $63,013,000 after acquiring an additional 46,262 shares in the last quarter. Principal Financial Group Inc. increased its stake in Federal Agricultural Mortgage by 12.7% during the first quarter. Principal Financial Group Inc. now owns 351,330 shares of the credit services provider’s stock worth $52,123,000 after purchasing an additional 39,702 shares during the period. Boston Partners lifted its position in shares of Federal Agricultural Mortgage by 2.0% during the fourth quarter. Boston Partners now owns 345,551 shares of the credit services provider’s stock worth $60,191,000 after purchasing an additional 6,800 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Federal Agricultural Mortgage by 44.5% in the fourth quarter. Wellington Management Group LLP now owns 262,931 shares of the credit services provider’s stock valued at $46,163,000 after purchasing an additional 80,911 shares during the period. 68.03% of the stock is currently 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.