Federal Agricultural Mortgage Corporation (NYSE:AGM) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

AGM has been the topic of several other reports. Keefe, Bruyette & Woods set a $65.00 price target on shares of Federal Agricultural Mortgage Corporation and gave the stock a “hold” rating in a report on Tuesday, May 16th. TheStreet upgraded shares of Federal Agricultural Mortgage Corporation from a “c” rating to a “b-” rating in a report on Wednesday, May 17th.

Shares of Federal Agricultural Mortgage Corporation (AGM) opened at 67.90 on Friday. The company has a market capitalization of $719.54 million, a PE ratio of 10.02 and a beta of 1.16. The stock has a 50 day moving average of $67.25 and a 200-day moving average of $60.57. Federal Agricultural Mortgage Corporation has a one year low of $37.71 and a one year high of $71.38.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last released its quarterly earnings results on Wednesday, May 10th. The credit services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.16. Federal Agricultural Mortgage Corporation had a net margin of 24.15% and a return on equity of 15.17%. The business had revenue of $43.87 million for the quarter. On average, equities analysts forecast that Federal Agricultural Mortgage Corporation will post $5.63 earnings per share for the current fiscal year.

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In related news, Director Myles James Watts sold 1,779 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $62.50, for a total transaction of $111,187.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert Dale Lynch sold 4,392 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $70.00, for a total transaction of $307,440.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,745 shares of company stock worth $641,007. 3.75% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGM. Globeflex Capital L P purchased a new position in Federal Agricultural Mortgage Corporation during the first quarter valued at $114,000. Citadel Advisors LLC purchased a new position in Federal Agricultural Mortgage Corporation during the first quarter valued at $250,000. Karp Capital Management Corp purchased a new position in Federal Agricultural Mortgage Corporation during the first quarter valued at $269,000. Dynamic Technology Lab Private Ltd purchased a new position in Federal Agricultural Mortgage Corporation during the first quarter valued at $299,000. Finally, Stifel Financial Corp purchased a new position in Federal Agricultural Mortgage Corporation during the first quarter valued at $300,000. Institutional investors and hedge funds own 63.43% of the company’s stock.

Federal Agricultural Mortgage Corporation Company Profile

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.

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