Federal Agricultural Mortgage Corp. (AGM) Sees Strong Trading Volume
Federal Agricultural Mortgage Corp. (NYSE:AGM) shares saw strong trading volume on Monday . 88,185 shares were traded during mid-day trading, an increase of 14% from the previous session’s volume of 77,648 shares.The stock last traded at $38.28 and had previously closed at $38.04.
A number of equities research analysts have recently issued reports on the company. Compass Point lowered Federal Agricultural Mortgage Corp. from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research note on Thursday, May 12th. Sidoti downgraded Federal Agricultural Mortgage Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, May 11th. Finally, TheStreet raised Federal Agricultural Mortgage Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, March 30th. Five investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $38.00.
The company’s 50-day moving average price is $35.72 and its 200 day moving average price is $35.01. The firm has a market capitalization of $404.62 million and a PE ratio of 7.78.
Federal Agricultural Mortgage Corp. (NYSE:AGM) last posted its earnings results on Tuesday, May 10th. The company reported $1.12 earnings per share for the quarter, missing the Thomson Reuters’ 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, analysts forecast that Federal Agricultural Mortgage Corp. will post $4.57 EPS for the current fiscal year.
The business also recently announced a dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.26 per share. The ex-dividend date was Monday, June 13th.
In other Federal Agricultural Mortgage Corp. news, Director Dennis A. Everson sold 1,500 shares of the firm’s stock in a transaction dated 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 SEC, which is available through the SEC website. Also, CEO Timothy L. Buzby sold 3,235 shares of the firm’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $36.00, for a total value of $116,460.00. Following the transaction, the chief executive officer now owns 82,029 shares in the company, valued at $2,953,044. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Federal Agricultural Mortgage Corp. stock. Boston Partners raised its position in Federal Agricultural Mortgage Corp. (NYSE:AGM) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,881 shares of the company’s stock after buying an additional 5,966 shares during the period. Boston Partners owned about 1.88% of Federal Agricultural Mortgage Corp. worth $6,468,000 at the end of the most recent reporting period.
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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