Federal Agricultural Mortgage Corporation (NYSE:AGM – Get Free Report) hit a new 52-week high during midday trading on Friday. The stock traded as high as $202.13 and last traded at $201.23 on trading volume of 16,276 shares. The stock's previous closing price was $195.45.
What Wall Street analysts are saying
Meanwhile, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $212.00 target price on shares of Federal Agricultural Mortgage Corporation in a report on Wednesday, May 8th.
Read our latest stock analysis on Federal Farm Mortgage
Federal Farm Mortgage Stock Performance
The stock has a market capitalization of $2.18 billion, a P/E ratio of 12.19, a P/G ratio of 1.68 and a beta of 1.03. The company's 50-day moving average is $178.21 and its 200-day moving average is $183.63. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.46 and a current ratio of 0.46.
Federal Agricultural Mortgage (NYSE:AGM – Get Free Report ) last released its quarterly earnings data on Monday, May 6th. The credit services provider reported quarterly earnings per share (EPS) of $3.96, beating the consensus estimate of $3.94 by $0.02. The business had quarterly revenue of $403.63 million, beating the consensus estimate of $92.22 million. Federal Agricultural Mortgage had net margins of 13.79% and return on equity of 22.01%. During the same quarter last year, the company posted earnings of $3.56 per share. On average, research analysts expect Federal Agricultural Mortgage to post EPS of $16.67 for the current fiscal year.
Federal Farm Mortgage Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $1.40 dividend. This equates to an annualized dividend of $5.60 and a dividend yield of 2.80%. The ex-dividend date for this dividend was Friday, June 14th. Federal Agricultural Mortgage's dividend payout ratio is currently 34.15%.
Hedge funds intervene in federal farm mortgages
Institutional investors and hedge funds have recently added to or reduced their investments in the company. Principal Securities acquired a new stake in Federal Farm Mortgage Securities in the fourth quarter, valued at approximately $34,000. Sunbelt Securities increased its holdings in Federal Farm Mortgage Securities by 194.2% in the first quarter. Sunbelt Securities now owns 203 shares of the credit services provider's stock, valued at $40,000, after purchasing an additional 134 shares during the period. SRS Capital Advisors increased its holdings in Federal Farm Mortgage Securities by 304.6% in the fourth quarter. SRS Capital Advisors now owns 263 shares of the credit services provider's stock, valued at $50,000, after purchasing an additional 198 shares during the third quarter. Parkside Financial Bank & Trust increased its holdings in Federal Farm Mortgage Securities by 9.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 702 shares of the credit services provider's stock valued at $134,000 after acquiring an additional 61 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in Federal Agricultural Mortgage Securities during the first quarter valued at about $205,000. 68.03% of the stock is now owned by institutional investors.
About Federal Agricultural Mortgages
(Get your free report)
The Federal Agricultural Mortgage Corporation provides a secondary market for a variety of loans to borrowers in the United States. The company operates through four segments: Corporate Agricultural Finance, Farm and Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance business segment purchases and holds conforming loans and securities, guarantees principal and interest payments on securities representing interest or debt secured by pools of conforming loans, services conforming loans, and issues LTSPCs for conforming loans.
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