Federal Agricultural Mortgage (NYSE:AGM) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Federal Agricultural Mortgage (NYSE:AGM) from a hold rating to a sell rating in a report published on Wednesday, ValuEngine reports.

Federal Agricultural Mortgage stock traded up $1.48 during trading hours on Wednesday, hitting $80.96. The company had a trading volume of 37,863 shares, compared to its average volume of 39,185. The firm has a market capitalization of $866.19 million, a P/E ratio of 9.80 and a beta of 1.18. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.38 and a quick ratio of 0.38. The firm’s fifty day moving average is $81.76 and its 200-day moving average is $75.89. Federal Agricultural Mortgage has a fifty-two week low of $55.64 and a fifty-two week high of $87.67.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Thursday, August 1st. The credit services provider reported $2.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.14. The firm had revenue of $55.79 million for the quarter. Federal Agricultural Mortgage had a net margin of 18.82% and a return on equity of 20.01%.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.70 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.80 annualized dividend and a yield of 3.46%.

In other Federal Agricultural Mortgage news, Director James R. Engebretsen sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $79.97, for a total value of $39,985.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.46% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in AGM. Bank of Montreal Can increased its stake in Federal Agricultural Mortgage by 220.5% in the 2nd quarter. Bank of Montreal Can now owns 1,109 shares of the credit services provider’s stock valued at $80,000 after buying an additional 763 shares during the period. SG Americas Securities LLC acquired a new position in Federal Agricultural Mortgage in the 1st quarter valued at approximately $137,000. DekaBank Deutsche Girozentrale acquired a new position in Federal Agricultural Mortgage in the 1st quarter valued at approximately $206,000. GW&K Investment Management LLC acquired a new position in Federal Agricultural Mortgage in the 2nd quarter valued at approximately $271,000. Finally, Domini Impact Investments LLC acquired a new position in Federal Agricultural Mortgage in the 2nd quarter valued at approximately $402,000. Hedge funds and other institutional investors own 62.61% 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: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.

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