Federal Agricultural Mortgage (NYSE:AGM) Stock Rating Lowered by Keefe, Bruyette & Woods

Federal Agricultural Mortgage (NYSE:AGM) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $215.00 target price on the credit services provider’s stock, up from their prior target price of $212.00. Keefe, Bruyette & Woods’ target price points to a potential upside of 4.29% from the company’s current price.

Federal Agricultural Mortgage Trading Down 0.1 %

Shares of Federal Agricultural Mortgage stock opened at $206.15 on Monday. The firm has a market capitalization of $2.24 billion, a PE ratio of 12.57, a P/E/G ratio of 1.84 and a beta of 1.03. Federal Agricultural Mortgage has a twelve month low of $140.44 and a twelve month high of $217.60. The firm’s 50-day moving average price is $185.46 and its 200 day moving average price is $185.63. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.38.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Monday, May 6th. The credit services provider reported $3.96 earnings per share for the quarter, beating analysts’ consensus estimates of $3.94 by $0.02. The firm had revenue of $403.63 million for the quarter, compared to analyst estimates of $92.22 million. Federal Agricultural Mortgage had a net margin of 13.79% and a return on equity of 22.01%. During the same period last year, the company posted $3.56 EPS. On average, sell-side analysts predict that Federal Agricultural Mortgage will post 16.67 EPS for the current fiscal year.

Institutional Trading of Federal Agricultural Mortgage

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of Federal Agricultural Mortgage during the 4th quarter worth approximately $18,283,000. Quadrature Capital Ltd increased its holdings in shares of Federal Agricultural Mortgage by 49.6% during the 4th quarter. Quadrature Capital Ltd now owns 13,950 shares of the credit services provider’s stock worth $2,669,000 after buying an additional 4,628 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Federal Agricultural Mortgage by 111.3% during the 4th quarter. Victory Capital Management Inc. now owns 8,752 shares of the credit services provider’s stock worth $1,674,000 after buying an additional 4,611 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage during the 1st quarter worth approximately $2,141,000. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Federal Agricultural Mortgage during the 4th quarter worth approximately $3,414,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.