Federal Agricultural Mortgage Corp. (AGM) Given Consensus Recommendation of “Strong Buy” by Brokerages

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Shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned Federal Agricultural Mortgage an industry rank of 43 out of 257 based on the ratings given to its competitors.

In other Federal Agricultural Mortgage news, EVP John Curtis Covington sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $66.41, for a total value of $132,820.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.48% of the company’s stock.

A number of institutional investors have recently bought and sold shares of AGM. Matarin Capital Management LLC acquired a new position in shares of Federal Agricultural Mortgage during the third quarter valued at $4,918,000. Rice Hall James & Associates LLC lifted its stake in shares of Federal Agricultural Mortgage by 265.2% during the third quarter. Rice Hall James & Associates LLC now owns 92,369 shares of the credit services provider’s stock valued at $6,667,000 after acquiring an additional 67,077 shares during the period. BlackRock Inc. lifted its stake in shares of Federal Agricultural Mortgage by 4.9% during the third quarter. BlackRock Inc. now owns 932,889 shares of the credit services provider’s stock valued at $67,335,000 after acquiring an additional 43,224 shares during the period. Seizert Capital Partners LLC acquired a new position in shares of Federal Agricultural Mortgage during the third quarter valued at $3,072,000. Finally, Copeland Capital Management LLC lifted its stake in shares of Federal Agricultural Mortgage by 22.6% during the third quarter. Copeland Capital Management LLC now owns 190,284 shares of the credit services provider’s stock valued at $13,735,000 after acquiring an additional 35,108 shares during the period. 57.71% of the stock is currently owned by institutional investors.

AGM opened at $57.93 on Friday. The company has a market cap of $604.93 million, a PE ratio of 7.50 and a beta of 1.15. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.66. Federal Agricultural Mortgage has a 1 year low of $55.64 and a 1 year high of $99.11.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Thursday, November 8th. The credit services provider reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.05. Federal Agricultural Mortgage had a return on equity of 15.39% and a net margin of 20.12%. The business had revenue of $49.50 million for the quarter.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, December 13th.

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: 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 on designated eligible mortgage loans.

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