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

Federal Agricultural Mortgage Corporation (NYSE:AGM) shares crossed 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 trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AGM shares. Keefe, Bruyette & Woods lifted their price objective on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $228.00.

Federal Agricultural Mortgage Stock Up 2.0%

The company has a market capitalization of $2.21 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.90 and a beta of 1.00. 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 fifty day simple moving average of $179.69 and a 200-day simple moving average of $170.48.

Federal Agricultural Mortgage (NYSE:AGM) last posted 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 company had revenue of $109.12 million for the quarter, compared to the consensus estimate of $110.76 million. On average, equities research analysts expect that Federal Agricultural Mortgage Corporation will post 19.75 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $1.60 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.40 dividend on an annualized basis and a yield of 3.1%. Federal Agricultural Mortgage’s payout ratio is currently 36.82%.

Institutional Trading of Federal Agricultural Mortgage

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors acquired a new position in Federal Agricultural Mortgage during the third quarter worth about $46,324,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Federal Agricultural Mortgage by 261,128.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 128,002 shares of the credit services provider’s stock valued at $22,473,000 after purchasing an additional 127,953 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Federal Agricultural Mortgage by 44.5% during the 4th 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 last quarter. Captrust Financial Advisors increased its position in Federal Agricultural Mortgage by 14.8% during the 4th quarter. Captrust Financial Advisors now owns 358,908 shares of the credit services provider’s stock worth $63,013,000 after purchasing an additional 46,262 shares in the last quarter. Finally, Man Group plc increased its position in Federal Agricultural Mortgage by 1,262.0% during the 3rd quarter. Man Group plc now owns 47,508 shares of the credit services provider’s stock worth $7,980,000 after purchasing an additional 44,020 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Company Profile

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.