Federal Agricultural Mortgage (NYSE:AGM) Sets New 52-Week High at $216.31

Federal Agricultural Mortgage Co. (NYSE:AGM) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $216.31 and last traded at $216.16, with a volume of 12803 shares. The stock had previously closed at $207.11.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $212.00 price target (down from $225.00) on shares of Federal Agricultural Mortgage in a research report on Wednesday, May 8th.

Federal Agricultural Mortgage Trading Up 1.2 %

The firm has a fifty day moving average price of $183.76 and a 200-day moving average price of $185.01. The company has a market capitalization of $2.34 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 1.82 and a beta of 1.03. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.46 and a quick ratio of 0.46.

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

Federal Agricultural Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $1.40 dividend. The ex-dividend date was Friday, June 14th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.60%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 34.15%.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Several institutional investors have recently added to or reduced their stakes in the business. Boston Partners lifted its stake in shares of Federal Agricultural Mortgage by 8.1% during the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock valued at $95,435,000 after buying an additional 36,560 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of Federal Agricultural Mortgage during the first quarter worth $24,137,000. International Assets Investment Management LLC bought a new position in shares of Federal Agricultural Mortgage in the fourth quarter worth $18,283,000. Raymond James & Associates grew its position in shares of Federal Agricultural Mortgage by 0.5% in the first quarter. Raymond James & Associates now owns 62,234 shares of the credit services provider’s stock valued at $12,253,000 after purchasing an additional 319 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Federal Agricultural Mortgage by 11.6% in the fourth quarter. UBS Group AG now owns 48,564 shares of the credit services provider’s stock valued at $9,286,000 after purchasing an additional 5,061 shares in the last quarter. 68.03% of the stock is owned by hedge funds and other institutional investors.

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.