Federal Agricultural Mortgage (NYSE:AGM) Shares Gap Down to $215.18

Federal Agricultural Mortgage Co. (NYSE:AGM)’s share price gapped down prior to trading on Monday . The stock had previously closed at $215.18, but opened at $210.15. Federal Agricultural Mortgage shares last traded at $210.15, with a volume of 554 shares.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut shares of Federal Agricultural Mortgage from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $212.00 to $215.00 in a research note on Monday.

Federal Agricultural Mortgage Stock Performance

The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market cap of $2.26 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.84 and a beta of 1.03. The company’s 50 day simple moving average is $184.42 and its 200 day simple moving average is $185.25.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Monday, May 6th. The credit services provider reported $3.96 EPS for the quarter, beating the consensus estimate of $3.94 by $0.02. Federal Agricultural Mortgage had a net margin of 13.79% and a return on equity of 22.01%. The firm had revenue of $403.63 million during the quarter, compared to analyst estimates of $92.22 million. During the same quarter last year, the business posted $3.56 EPS. Analysts expect that Federal Agricultural Mortgage Co. will post 16.67 earnings per share for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $1.40 per share. The ex-dividend date was Friday, June 14th. This represents a $5.60 annualized dividend and a dividend yield of 2.69%. Federal Agricultural Mortgage’s payout ratio is currently 34.15%.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Several large investors have recently modified their holdings of AGM. Principal Securities Inc. purchased a new stake in shares of Federal Agricultural Mortgage during the 4th quarter worth approximately $34,000. Sunbelt Securities Inc. raised its position in shares of Federal Agricultural Mortgage by 194.2% during the 1st quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock valued at $40,000 after buying an additional 134 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Federal Agricultural Mortgage by 304.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 263 shares of the credit services provider’s stock valued at $50,000 after buying an additional 198 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Federal Agricultural Mortgage by 160.5% during the 2nd quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock valued at $94,000 after buying an additional 321 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter valued at $108,000. Hedge funds and other institutional investors 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.