Federal Agricultural Mortgage (NYSE:AGM) Share Price Passes Above 200-Day Moving Average – What’s Next?

Federal Agricultural Mortgage Corporation (NYSE:AGM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $187.99 and traded as high as $225.48. Federal Agricultural Mortgage shares last traded at $223.8350, with a volume of 107,282 shares changing hands.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Weiss Ratings raised shares of Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Keefe, Bruyette & Woods upped their target price on shares of Federal Agricultural Mortgage from $228.00 to $255.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Zacks Research upgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $255.00.

Federal Agricultural Mortgage Stock Up 1.2%

The business has a 50-day simple moving average of $220.89 and a 200-day simple moving average of $188.40. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 0.83 and a beta of 0.97.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $4.87 by $0.53. The business had revenue of $125.01 million during the quarter, compared to the consensus estimate of $113.51 million. Federal Agricultural Mortgage had a return on equity of 18.90% and a net margin of 29.98%. On average, equities analysts anticipate that Federal Agricultural Mortgage Corporation will post 20.72 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.60 per share. The ex-dividend date is Tuesday, September 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 2.9%. Federal Agricultural Mortgage’s payout ratio is presently 34.95%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. First Wilshire Securities Management Inc. lifted its stake in shares of Federal Agricultural Mortgage by 0.3% in the 4th quarter. First Wilshire Securities Management Inc. now owns 26,616 shares of the credit services provider’s stock worth $4,673,000 after acquiring an additional 72 shares during the period. Wedbush Securities Inc. lifted its position in Federal Agricultural Mortgage by 1.0% in the second quarter. Wedbush Securities Inc. now owns 11,593 shares of the credit services provider’s stock valued at $2,310,000 after purchasing an additional 114 shares during the period. Byrne Asset Management LLC lifted its position in Federal Agricultural Mortgage by 11.1% in the second quarter. Byrne Asset Management LLC now owns 1,203 shares of the credit services provider’s stock valued at $240,000 after purchasing an additional 120 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Federal Agricultural Mortgage in the 2nd quarter valued at approximately $27,000. Finally, Allworth Financial LP increased its position in Federal Agricultural Mortgage by 640.0% during the 4th quarter. Allworth Financial LP now owns 185 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 68.03% of the company’s stock.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a federally chartered corporation that provides a secondary market for agricultural and rural infrastructure loans. Its activities help agricultural lenders obtain funding and liquidity, supporting the availability of credit for farmers, ranchers, rural homeowners and rural businesses across the United States.

Farmer Mac purchases eligible loans and provides loan guarantees, securitization and other financing solutions through its business segments.