Federal Agricultural Mortgage Co. (NYSE:AGM) Receives $139.00 Average Price Target from Analysts

Posted by on Sep 8th, 2023

Shares of Federal Agricultural Mortgage Co. (NYSE:AGM – Get Free Report) have been assigned an average rating of “Buy” from the three brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $139.00.

AGM has been the topic of a number of analyst reports. Keefe, Bruyette & Woods assumed coverage on Federal Agricultural Mortgage in a research note on Tuesday. They issued an “outperform” rating on the stock. StockNews.com began coverage on shares of Federal Agricultural Mortgage in a research note on Thursday, August 17th. They set a “hold” rating on the stock.

View Our Latest Research Report on AGM

Insider Transactions at Federal Agricultural Mortgage

In related news, CEO Bradford T. Nordholm sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $178.71, for a total value of $1,340,325.00. Following the transaction, the chief executive officer now owns 43,910 shares in the company, valued at $7,847,156.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 7,500 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $178.71, for a total value of $1,340,325.00. Following the transaction, the chief executive officer now directly owns 43,910 shares of the company’s stock, valued at $7,847,156.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen P. Mullery sold 1,655 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $178.24, for a total value of $294,987.20. Following the completion of the sale, the executive vice president now owns 21,756 shares of the company’s stock, valued at approximately $3,877,789.44. The disclosure for this sale can be found here. Insiders sold a total of 11,284 shares of company stock worth $1,957,688 in the last ninety days. Insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Federal Agricultural Mortgage

A number of hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in Federal Agricultural Mortgage during the 2nd quarter valued at approximately $33,000. Parkside Financial Bank & Trust grew its position in shares of Federal Agricultural Mortgage by 51.0% during the first quarter. Parkside Financial Bank & Trust now owns 506 shares of the credit services provider’s stock worth $67,000 after acquiring an additional 171 shares during the last quarter. Point72 Middle East FZE acquired a new stake in shares of Federal Agricultural Mortgage in the 4th quarter worth about $59,000. Ridgewood Investments LLC bought a new stake in Federal Agricultural Mortgage in the 1st quarter valued at about $80,000. Finally, Ensign Peak Advisors Inc acquired a new position in Federal Agricultural Mortgage during the 3rd quarter valued at about $63,000. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Stock Performance

Shares of AGM opened at $165.53 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.63. The stock has a 50 day moving average price of $161.34 and a 200 day moving average price of $144.96. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 11.88 and a beta of 1.06. Federal Agricultural Mortgage has a 52-week low of $97.76 and a 52-week high of $180.16.

Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) last issued its quarterly earnings data on Monday, August 7th. The credit services provider reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.76. Federal Agricultural Mortgage had a return on equity of 21.97% and a net margin of 15.69%. The company had revenue of $84.55 million during the quarter, compared to analysts’ expectations of $77.32 million. Research analysts predict that Federal Agricultural Mortgage will post 14.93 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Thursday, September 14th. Federal Agricultural Mortgage’s dividend payout ratio is currently 31.59%.

About Federal Agricultural Mortgage

(Get Free Report

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy segments. 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.

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