Federal Agricultural Mortgage Corporation (AGM) Reaches New 1-Year High at $75.97

Federal Agricultural Mortgage Corporation (NYSE:AGM) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $75.97 and last traded at $75.75, with a volume of 21,761 shares changing hands. The stock had previously closed at $74.27.

Several research firms have issued reports on AGM. BidaskClub cut Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Federal Agricultural Mortgage Corporation in a report on Thursday, September 21st. Finally, TheStreet cut Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a report on Friday, August 11th.

The stock’s 50-day moving average is $69.15 and its 200-day moving average is $64.37. The company has a market cap of $804.42 million, a P/E ratio of 10.45 and a beta of 1.18.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last announced its quarterly earnings data on Wednesday, August 9th. The credit services provider reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.12. Federal Agricultural Mortgage Corporation had a net margin of 24.02% and a return on equity of 15.01%. The business had revenue of $43.48 million for the quarter. Equities analysts forecast that Federal Agricultural Mortgage Corporation will post $5.85 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.36 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.44 annualized dividend and a yield of 1.90%. Federal Agricultural Mortgage Corporation’s dividend payout ratio is currently 19.81%.

In related news, CEO Timothy L. Buzby sold 2,450 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $74.85, for a total value of $183,382.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert Dale Lynch sold 4,392 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were 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. Insiders sold 35,647 shares of company stock worth $2,579,610 over the last 90 days. 3.75% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Globeflex Capital L P acquired a new stake in Federal Agricultural Mortgage Corporation in the first quarter worth $114,000. C M Bidwell & Associates Ltd. acquired a new stake in Federal Agricultural Mortgage Corporation in the second quarter worth $222,000. Virtu KCG Holdings LLC acquired a new stake in Federal Agricultural Mortgage Corporation in the second quarter worth $275,000. Citadel Advisors LLC acquired a new stake in Federal Agricultural Mortgage Corporation in the first quarter worth $250,000. Finally, Karp Capital Management Corp acquired a new stake in Federal Agricultural Mortgage Corporation in the first quarter worth $269,000. Institutional investors and hedge funds own 65.14% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Federal Agricultural Mortgage Corporation (AGM) Reaches New 1-Year High at $75.97” was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.com-unik.info/2017/10/12/federal-agricultural-mortgage-corporation-agm-reaches-new-1-year-high-at-75-97.html.

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.

What are top analysts saying about Federal Agricultural Mortgage Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Federal Agricultural Mortgage Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit