Federal Agricultural Mortgage Corp. (AGM) Trading 3.5% Higher
Federal Agricultural Mortgage Corp. (NYSE:AGM) shares traded up 3.5% during trading on Thursday . The stock traded as high as $39.36 and last traded at $38.78, with a volume of 88,349 shares traded. The stock had previously closed at $37.47.
Several research analysts have recently commented on the company. TheStreet raised Federal Agricultural Mortgage Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, March 30th. Compass Point lowered Federal Agricultural Mortgage Corp. from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Thursday, May 12th. Finally, Sidoti lowered Federal Agricultural Mortgage Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 11th. Five analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $38.00.
The firm has a market cap of $397.52 million and a P/E ratio of 7.64. The stock’s 50-day moving average is $35.56 and its 200 day moving average is $34.89.
Federal Agricultural Mortgage Corp. (NYSE:AGM) last posted its earnings results on Tuesday, May 10th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by $0.03. The business earned $34.10 million during the quarter, compared to the consensus estimate of $34.85 million. On average, equities research analysts predict that Federal Agricultural Mortgage Corp. will post $4.57 earnings per share for the current fiscal year.
The company also recently declared 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, Director Dennis A. Everson sold 1,500 shares of the firm’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $38.38, for a total transaction of $57,570.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis A. Everson sold 750 shares of the firm’s stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $37.91, for a total value of $28,432.50. Following the transaction, the director now owns 3,520 shares of the company’s stock, valued at $133,443.20. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Federal Agricultural Mortgage Corp. stock. Morgan Stanley boosted its stake in Federal Agricultural Mortgage Corp. (NYSE:AGM) by 247.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,453 shares of the company’s stock after buying an additional 53,054 shares during the period. Morgan Stanley owned 0.68% of Federal Agricultural Mortgage Corp. worth $2,351,000 as of its most recent SEC filing.
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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