Federal Agricultural Mortgage (NYSE:AGM) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Federal Agricultural Mortgage (NYSE:AGM) from a hold rating to a sell rating in a report published on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Federal Agricultural Mortgage in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of Federal Agricultural Mortgage from $215.00 to $217.00 and gave the company a “market perform” rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Federal Agricultural Mortgage has an average rating of “Hold” and a consensus target price of $217.00.

Federal Agricultural Mortgage Stock Down 0.6%

Federal Agricultural Mortgage stock opened at $162.25 on Friday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.85 and a beta of 0.95. Federal Agricultural Mortgage has a 52 week low of $155.00 and a 52 week high of $217.14. The business’s 50-day moving average price is $181.61 and its 200 day moving average price is $182.78. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.95.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Thursday, August 7th. The credit services provider reported $4.32 EPS for the quarter, topping the consensus estimate of $4.29 by $0.03. The firm had revenue of $100.51 million for the quarter, compared to analyst estimates of $96.54 million. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%. As a group, sell-side analysts anticipate that Federal Agricultural Mortgage will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $1.50 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.00 dividend on an annualized basis and a yield of 3.7%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 35.34%.

Insider Activity

In other news, CEO Bradford T. Nordholm sold 4,224 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $206.12, for a total value of $870,650.88. Following the sale, the chief executive officer directly owned 32,770 shares of the company’s stock, valued at $6,754,552.40. The trade was a 11.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Zachary Carpenter sold 293 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $205.09, for a total value of $60,091.37. Following the completion of the sale, the executive vice president directly owned 10,532 shares in the company, valued at $2,160,007.88. This represents a 2.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,017 shares of company stock worth $1,240,807 over the last 90 days. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in Federal Agricultural Mortgage by 12,800.0% during the 2nd quarter. Allworth Financial LP now owns 129 shares of the credit services provider’s stock worth $25,000 after purchasing an additional 128 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Federal Agricultural Mortgage during the first quarter worth about $34,000. KBC Group NV acquired a new position in Federal Agricultural Mortgage during the first quarter worth about $35,000. CWM LLC boosted its holdings in shares of Federal Agricultural Mortgage by 205.8% during the 3rd quarter. CWM LLC now owns 318 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 214 shares during the last quarter. Finally, Byrne Asset Management LLC boosted its holdings in shares of Federal Agricultural Mortgage by 39.0% during the 3rd quarter. Byrne Asset Management LLC now owns 385 shares of the credit services provider’s stock worth $65,000 after purchasing an additional 108 shares during 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 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.