Federal Agricultural Mortgage (AGM) Upgraded to Buy at Compass Point

Federal Agricultural Mortgage (NYSE:AGM) was upgraded by Compass Point from a “neutral” rating to a “buy” rating in a report released on Friday, The Fly reports. The brokerage presently has a $86.00 target price on the credit services provider’s stock, up from their prior target price of $83.00. Compass Point’s price objective points to a potential upside of 9.05% from the company’s previous close.

Shares of Federal Agricultural Mortgage stock traded up $7.15 during trading on Friday, hitting $78.86. 52,246 shares of the company’s stock were exchanged, compared to its average volume of 20,381. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.37 and a quick ratio of 0.37. Federal Agricultural Mortgage has a 52-week low of $55.64 and a 52-week high of $99.11. The stock has a market cap of $781.25 million, a PE ratio of 9.69 and a beta of 1.16.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Thursday, February 21st. The credit services provider reported $1.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.98 by ($0.08). Federal Agricultural Mortgage had a return on equity of 15.39% and a net margin of 20.12%. The business had revenue of $42.90 million for the quarter.

In related news, EVP John Curtis Covington sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $66.41, for a total transaction of $132,820.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.48% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of AGM. BlackRock Inc. boosted its holdings in Federal Agricultural Mortgage by 14.1% in the 4th quarter. BlackRock Inc. now owns 1,064,578 shares of the credit services provider’s stock valued at $64,342,000 after purchasing an additional 131,689 shares during the last quarter. Matarin Capital Management LLC purchased a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter valued at approximately $4,918,000. Rice Hall James & Associates LLC increased its position in shares of Federal Agricultural Mortgage by 265.2% in the 3rd quarter. Rice Hall James & Associates LLC now owns 92,369 shares of the credit services provider’s stock valued at $6,667,000 after purchasing an additional 67,077 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in shares of Federal Agricultural Mortgage in the 3rd quarter valued at $3,072,000. Finally, Copeland Capital Management LLC boosted its holdings in shares of Federal Agricultural Mortgage by 22.6% in the 3rd quarter. Copeland Capital Management LLC now owns 190,284 shares of the credit services provider’s stock valued at $13,735,000 after buying an additional 35,108 shares in the last quarter. Institutional investors own 63.80% of the company’s stock.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corp. is a stockholder-owned, federally chartered corporation. The company provides a secondary market for agricultural real estate and rural housing mortgage loans, rural utilities loans, and loans guaranteed by the United States Department of Agriculture. It combines private capital and public sponsorship to serve a public purpose.

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