Federal Agricultural Mortgage Corp. (AGM) Sees Strong Trading Volume
Federal Agricultural Mortgage Corp. (NYSE:AGM) shares saw an uptick in trading volume on Tuesday . 55,416 shares were traded during mid-day trading, a decline of 1% from the previous session’s volume of 56,009 shares.The stock last traded at $37.60 and had previously closed at $36.51.
Several brokerages recently weighed in on AGM. Compass Point downgraded shares of Federal Agricultural Mortgage Corp. from a “buy” rating to a “neutral” rating and set a $40.00 price target on the stock. in a report on Thursday, May 12th. Sidoti downgraded shares of Federal Agricultural Mortgage Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, May 11th. Finally, TheStreet upgraded shares of Federal Agricultural Mortgage Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, March 30th. Five analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $38.00.
The company has a 50 day moving average price of $35.41 and a 200 day moving average price of $34.81. The stock has a market cap of $386.86 million and a price-to-earnings ratio of 7.43.
Federal Agricultural Mortgage Corp. (NYSE:AGM) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by $0.03. The firm earned $34.10 million during the quarter, compared to analyst estimates of $34.85 million. Equities analysts forecast that Federal Agricultural Mortgage Corp. will post $4.57 earnings per share for the current fiscal year.
The business also recently disclosed a dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.26 per share. The ex-dividend date was Monday, June 13th.
In other news, CEO Timothy L. Buzby sold 3,235 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $36.00, for a total transaction of $116,460.00. Following the completion of the transaction, the chief executive officer now directly owns 82,029 shares of the company’s stock, valued at $2,953,044. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Chester J. Culver sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $36.67, for a total value of $36,670.00. Following the transaction, the director now directly owns 5,904 shares of the company’s stock, valued at $216,499.68. The disclosure for this sale can be found here.
A number of large investors have bought and sold shares of the company. Morgan Stanley boosted its stake in Federal Agricultural Mortgage Corp. by 247.9% in the fourth quarter. Morgan Stanley now owns 74,453 shares of the company’s stock valued at $2,351,000 after buying an additional 53,054 shares during the last quarter. Boston Partners boosted its stake in Federal Agricultural Mortgage Corp. by 3.0% in the fourth quarter. Boston Partners now owns 204,881 shares of the company’s stock valued at $6,468,000 after buying an additional 5,966 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Federal Agricultural Mortgage Corp. by 3.7% in the fourth quarter. LSV Asset Management now owns 458,578 shares of the company’s stock valued at $14,477,000 after buying an additional 16,300 shares during the last quarter.
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company operates through four segments: Farm & Ranch, the United States Department of Agriculture (USDA) Guarantees, Rural Utilities and Institutional Credit.
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