Federal Agricultural Mortgage (NYSE:AGM) Cut to Hold at Zacks Research

Federal Agricultural Mortgage (NYSE:AGM) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

Other equities analysts have also issued reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Federal Agricultural Mortgage in a research report on Friday, September 25th. Keefe, Bruyette & Woods increased their price objective on shares of Federal Agricultural Mortgage from $228.00 to $255.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Federal Agricultural Mortgage presently has a consensus rating of “Hold” and an average price target of $255.00.

Federal Agricultural Mortgage Trading Down 2.2%

NYSE:AGM opened at $207.58 on Tuesday. The business’s 50-day moving average is $223.54 and its two-hundred day moving average is $192.48. The firm has a market capitalization of $2.25 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 0.79 and a beta of 0.97. Federal Agricultural Mortgage has a 12 month low of $136.57 and a 12 month high of $248.29. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.56 and a quick ratio of 0.56.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Thursday, July 30th. The credit services provider reported $5.40 earnings per share for the quarter, topping the consensus estimate of $4.87 by $0.53. Federal Agricultural Mortgage had a return on equity of 18.90% and a net margin of 29.98%.The company had revenue of $125.01 million during the quarter, compared to the consensus estimate of $113.51 million. Research analysts predict that Federal Agricultural Mortgage will post 20.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Hedge funds have recently bought and sold shares of the business. Huntington Bancshares Inc. MD acquired a new stake in Federal Agricultural Mortgage during the 2nd quarter valued at approximately $2,340,508,000. Wellington Management Group LLP boosted its stake in shares of Federal Agricultural Mortgage by 3.1% during the 2nd quarter. Wellington Management Group LLP now owns 327,881 shares of the credit services provider’s stock valued at $65,337,000 after buying an additional 9,809 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Federal Agricultural Mortgage by 12.7% during the 1st quarter. Principal Financial Group Inc. now owns 351,330 shares of the credit services provider’s stock valued at $52,123,000 after buying an additional 39,702 shares during the last quarter. Rice Hall James & Associates LLC grew its position in shares of Federal Agricultural Mortgage by 2.1% during the fourth quarter. Rice Hall James & Associates LLC now owns 112,424 shares of the credit services provider’s stock worth $19,738,000 after buying an additional 2,330 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of Federal Agricultural Mortgage by 55.5% during the first quarter. Empowered Funds LLC now owns 96,341 shares of the credit services provider’s stock worth $14,292,000 after buying an additional 34,375 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Federal Agricultural Mortgage Company Profile

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.