Federal Agricultural Mortgage (NYSE:AGM) Given “Buy” Rating at Seaport Res Ptn

Seaport Res Ptn reiterated their buy rating on shares of Federal Agricultural Mortgage (NYSE:AGMGet Rating) in a research report report published on Monday, PriceTargets.com reports. Seaport Res Ptn also issued estimates for Federal Agricultural Mortgage’s Q4 2022 earnings at $2.89 EPS, FY2022 earnings at $11.15 EPS, FY2023 earnings at $12.05 EPS and FY2024 earnings at $13.10 EPS.

Separately, StockNews.com cut shares of Federal Agricultural Mortgage from a buy rating to a hold rating in a research report on Tuesday.

Federal Agricultural Mortgage Stock Performance

Shares of AGM opened at $126.00 on Monday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a 50-day moving average of $120.17 and a 200-day moving average of $112.33. The company has a market cap of $1.36 billion, a PE ratio of 9.47 and a beta of 1.00. Federal Agricultural Mortgage has a one year low of $90.38 and a one year high of $130.03.

Federal Agricultural Mortgage (NYSE:AGMGet Rating) last issued its earnings results on Monday, November 7th. The credit services provider reported $3.07 EPS for the quarter. The company had revenue of $72.05 million during the quarter. Federal Agricultural Mortgage had a return on equity of 20.26% and a net margin of 28.78%.

Federal Agricultural Mortgage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.02%. Federal Agricultural Mortgage’s payout ratio is 28.57%.

Insider Activity at Federal Agricultural Mortgage

In related news, Director Dennis L. Brack sold 600 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $125.74, for a total transaction of $75,444.00. Following the transaction, the director now owns 7,966 shares of the company’s stock, valued at $1,001,644.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in Federal Agricultural Mortgage by 213.5% in the second quarter. JPMorgan Chase & Co. now owns 42,637 shares of the credit services provider’s stock worth $4,163,000 after purchasing an additional 29,038 shares during the last quarter. Copeland Capital Management LLC boosted its position in Federal Agricultural Mortgage by 7.7% in the fourth quarter. Copeland Capital Management LLC now owns 329,328 shares of the credit services provider’s stock worth $37,119,000 after purchasing an additional 23,607 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Federal Agricultural Mortgage by 24.2% in the second quarter. Eagle Asset Management Inc. now owns 77,374 shares of the credit services provider’s stock worth $7,555,000 after purchasing an additional 15,077 shares during the last quarter. Foundry Partners LLC boosted its position in Federal Agricultural Mortgage by 35.1% in the third quarter. Foundry Partners LLC now owns 45,450 shares of the credit services provider’s stock worth $4,506,000 after purchasing an additional 11,805 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Federal Agricultural Mortgage by 432.1% in the first quarter. Allianz Asset Management GmbH now owns 14,404 shares of the credit services provider’s stock worth $1,563,000 after purchasing an additional 11,697 shares during the last quarter. Hedge funds and other institutional investors own 66.13% of the company’s stock.

About Federal Agricultural Mortgage

(Get Rating)

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made 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 retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.

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