Federal Agricultural Mortgage (NYSE:AGM) Stock Rating Updated by StockNews.com

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Federal Farm Mortgage (NYSE: AGM – Get Appraised) was upgraded by StockNews.com research analysts from a “hold” rating to a “buy” rating in a research report released Monday to clients and investors.

Separately, Sidoti upgraded Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a price target of $138.00 for the company in a Thursday, May 5 research note.

Federal Agricultural Mortgage Stock Performance

AGM stock traded at $2.79 on Monday, hitting $103.40. The company’s stock had a trading volume of 33,987 shares, compared to an average volume of 31,360. Federal Agricultural Mortgage has a 52-week low of $90.38 and a 52-week high of $137.01. The company has a market capitalization of $1.12 billion, a P/E ratio of 9.31 and a beta of 0.92. The company has a fifty-day moving average of $99.04 and a two-hundred-day moving average of $110.56. The company has a debt ratio of 1.32, a current ratio of 0.44 and a quick ratio of 0.44.

Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last released quarterly earnings data on Monday, May 9. The credit service provider reported earnings per share (EPS) of $2.37 for the quarter. Federal Agricultural Mortgage had a return on equity of 19.69% and a net margin of 31.89%. The company had revenue of $82.37 million in the quarter.

Insider activity

Separately, director Everett M. Dobrinski acquired 1,000 shares of the company in a transaction that took place on Wednesday, May 11. The shares were acquired at an average cost of $103.30 per share, for a total transaction of $103,300.00. Following the completion of the acquisition, the administrator now owns 5,343 shares of the company, valued at $551,931.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Company insiders hold 2.21% of the company’s shares.

Hedge Funds Weigh on Federal Farm Mortgage

Several hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its position in Federal Agricultural Mortgage by 6.4% during the first quarter. Teacher Retirement System of Texas now owns 1,915 shares of the credit service provider worth $208,000 after buying 115 additional shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Federal Agricultural Mortgage by 1.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,024 shares of the credit services provider worth $870,000 after buying 118 more shares in the last quarter. M&T Bank Corp increased its position in Federal Agricultural Mortgage shares by 2.6% in the first quarter. M&T Bank Corp now owns 4,936 shares of the credit service provider valued at $536,000 after buying 126 more shares in the last quarter. Neuberger Berman Group LLC increased its position in Federal Agricultural Mortgage shares by 7.7% in the first quarter. Neuberger Berman Group LLC now owns 2,672 shares of the credit service provider valued at $290,000 after buying 191 additional shares in the last quarter. Finally, the Royal Bank of Canada increased its position in Federal Agricultural Mortgage shares by 1.1% in the first quarter. Royal Bank of Canada now owns 17,752 shares of the credit service provider valued at $1,926,000 after buying an additional 194 shares in the last quarter. 65.92% of the shares are held by institutional investors and hedge funds.

About the Federal Farm Mortgage

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The Federal Agricultural Mortgage Corporation provides a secondary market for various loans issued to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities and Institutional Credit. The Farm & Ranch segment purchases and maintains qualifying mortgage loans that are secured by first lien on agricultural real estate; securitizes qualifying mortgages and guarantees the timely payment of principal and interest on interest-bearing securities or obligations secured by pools of mortgages; and issues Long-Term Support Purchase Commitments (LTSPCs) on designated eligible mortgages.

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