Federal Agricultural Mortgage (NYSE:AGM) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Federal Agricultural Mortgage (NYSE:AGM) from a hold rating to a sell rating in a report released on Saturday morning.

A number of other equities analysts also recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research note on Monday, December 22nd. Keefe, Bruyette & Woods raised shares of Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from $217.00 to $219.00 in a report on Wednesday, November 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $219.00.

Federal Agricultural Mortgage Trading Down 0.6%

Federal Agricultural Mortgage stock opened at $175.26 on Friday. The firm’s 50 day moving average price is $172.86 and its 200-day moving average price is $178.44. Federal Agricultural Mortgage has a 1 year low of $155.00 and a 1 year high of $212.24. The stock has a market cap of $1.91 billion, a P/E ratio of 9.98, a PEG ratio of 0.82 and a beta of 0.99. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.56 and a quick ratio of 0.56.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Monday, November 3rd. The credit services provider reported $4.52 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.09. The company had revenue of $97.77 million for the quarter, compared to analysts’ expectations of $100.94 million. Federal Agricultural Mortgage had a net margin of 13.38% and a return on equity of 18.63%. On average, equities analysts predict that Federal Agricultural Mortgage will post 17.6 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 Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, December 15th. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors acquired a new stake in shares of Federal Agricultural Mortgage during the 3rd quarter valued at about $46,324,000. Man Group plc raised its stake in shares of 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 buying an additional 44,020 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Federal Agricultural Mortgage by 11.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 420,679 shares of the credit services provider’s stock valued at $70,665,000 after buying an additional 43,160 shares in the last quarter. ProShare Advisors LLC grew its stake in Federal Agricultural Mortgage by 1,581.4% in the 2nd quarter. ProShare Advisors LLC now owns 33,274 shares of the credit services provider’s stock valued at $6,464,000 after acquiring an additional 31,295 shares during the period. Finally, CSM Advisors LLC acquired a new stake in Federal Agricultural Mortgage in the 2nd quarter valued at $5,916,000. Hedge funds and other 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.