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

Federal Agricultural Mortgage Corporation (NYSE:AGM)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $169.75 and traded as high as $185.86. Federal Agricultural Mortgage shares last traded at $183.7020, with a volume of 121,691 shares.

Wall Street Analysts Forecast Growth

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

Federal Agricultural Mortgage Price Performance

The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.56 and a current ratio of 0.56. The business has a 50 day simple moving average of $175.55 and a 200-day simple moving average of $169.75.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $4.74 EPS for the quarter, topping the consensus estimate of $4.44 by $0.30. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%.The firm had revenue of $109.12 million during the quarter, compared to the consensus estimate of $110.76 million. Equities research analysts expect that Federal Agricultural Mortgage Corporation will post 19.75 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $1.60 per share. The ex-dividend date is Monday, June 15th. This represents a $6.40 annualized dividend and a yield of 3.5%. Federal Agricultural Mortgage’s dividend payout ratio is 36.82%.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several large investors have recently bought and sold shares of the stock. Capital World Investors purchased a new position in Federal Agricultural Mortgage during the 3rd quarter worth $46,324,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Federal Agricultural Mortgage by 261,128.6% in the fourth 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 during the last quarter. Wellington Management Group LLP lifted its position in shares of Federal Agricultural Mortgage by 44.5% during 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 in the last quarter. Captrust Financial Advisors lifted its position in shares of Federal Agricultural Mortgage by 14.8% during the fourth quarter. Captrust Financial Advisors now owns 358,908 shares of the credit services provider’s stock valued at $63,013,000 after purchasing an additional 46,262 shares in the last quarter. Finally, Man Group plc boosted its holdings in Federal Agricultural Mortgage by 1,262.0% during the third 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 during the last quarter. 68.03% of the stock is currently 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.