Federal Agricultural Mortgage (NYSE:AGM) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Federal Agricultural Mortgage Corporation (NYSE:AGM)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $181.30 and traded as high as $230.24. Federal Agricultural Mortgage shares last traded at $221.27, with a volume of 112,553 shares changing hands.

Analyst Upgrades and Downgrades

AGM has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their target price on Federal Agricultural Mortgage from $228.00 to $255.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research upgraded Federal Agricultural Mortgage from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $255.00.

Federal Agricultural Mortgage Stock Up 0.4%

The company’s 50 day simple moving average is $209.94 and its 200-day simple moving average is $181.58. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $2.41 billion, a PE ratio of 12.11, a PEG ratio of 0.82 and a beta of 0.98.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $4.87 by $0.53. Federal Agricultural Mortgage had a net margin of 29.98% and a return on equity of 18.90%. The firm had revenue of $125.01 million during the quarter, compared to analyst estimates of $113.51 million. On average, analysts forecast that Federal Agricultural Mortgage Corporation will post 20.72 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 15th. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.95%.

Institutional Trading of Federal Agricultural Mortgage

A number of large investors have recently modified their holdings of AGM. Public Employees Retirement System of Ohio bought a new position in shares of Federal Agricultural Mortgage in the second quarter worth approximately $27,000. Allworth Financial LP grew its stake in Federal Agricultural Mortgage by 640.0% in the 4th quarter. Allworth Financial LP now owns 185 shares of the credit services provider’s stock worth $32,000 after buying an additional 160 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Federal Agricultural Mortgage in the 1st quarter worth $34,000. Farther Finance Advisors LLC increased its holdings in shares of Federal Agricultural Mortgage by 53.6% in the 4th quarter. Farther Finance Advisors LLC now owns 212 shares of the credit services provider’s stock worth $37,000 after buying an additional 74 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Federal Agricultural Mortgage in the 4th quarter worth $40,000. Institutional investors 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.