Federal Agricultural Mortgage (NYSE:AGM) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of Federal Agricultural Mortgage (NYSE:AGM) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $215.00 target price on the credit services provider’s stock.

Federal Agricultural Mortgage Trading Up 1.9 %

AGM opened at $178.93 on Tuesday. Federal Agricultural Mortgage has a fifty-two week low of $140.44 and a fifty-two week high of $217.60. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.70 and a beta of 1.03. The company’s 50 day moving average price is $187.36 and its two-hundred day moving average price is $185.91.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, August 5th. The credit services provider reported $3.63 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 22.01% and a net margin of 13.79%. The business had revenue of $406.23 million for the quarter, compared to the consensus estimate of $91.77 million. During the same period in the previous year, the firm earned $3.86 earnings per share. As a group, research analysts predict that Federal Agricultural Mortgage will post 16.67 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Monday, September 16th. Federal Agricultural Mortgage’s payout ratio is 34.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of Federal Agricultural Mortgage by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 65,716 shares of the credit services provider’s stock worth $11,883,000 after purchasing an additional 1,098 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Federal Agricultural Mortgage by 28.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,738 shares of the credit services provider’s stock worth $314,000 after purchasing an additional 389 shares during the period. Westover Capital Advisors LLC lifted its position in shares of Federal Agricultural Mortgage by 19.5% in the 2nd quarter. Westover Capital Advisors LLC now owns 5,876 shares of the credit services provider’s stock worth $1,062,000 after purchasing an additional 960 shares during the period. American Century Companies Inc. lifted its position in shares of Federal Agricultural Mortgage by 25.7% in the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock worth $32,187,000 after purchasing an additional 36,380 shares during the period. Finally, AdvisorShares Investments LLC lifted its position in shares of Federal Agricultural Mortgage by 7.3% in the 2nd quarter. AdvisorShares Investments LLC now owns 30,297 shares of the credit services provider’s stock worth $5,494,000 after purchasing an additional 2,074 shares during the period. 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.