Federal Agricultural Mortgage (NYSE:AGM) Stock Rating Lowered by Wall Street Zen

Federal Agricultural Mortgage (NYSE:AGM) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

AGM has been the topic of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Federal Agricultural Mortgage in a report on Friday. Keefe, Bruyette & Woods raised their price objective on shares of Federal Agricultural Mortgage from $215.00 to $217.00 and gave the company a “market perform” rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Federal Agricultural Mortgage presently has an average rating of “Hold” and an average target price of $217.00.

Federal Agricultural Mortgage Price Performance

NYSE AGM opened at $162.98 on Friday. The company has a market cap of $1.78 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 0.85 and a beta of 0.95. Federal Agricultural Mortgage has a 52 week low of $155.00 and a 52 week high of $217.14. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.95. The firm’s 50-day simple moving average is $182.18 and its two-hundred day simple moving average is $182.87.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Thursday, August 7th. The credit services provider reported $4.32 EPS for the quarter, beating the consensus estimate of $4.29 by $0.03. The business had revenue of $100.51 million for the quarter, compared to the consensus estimate of $96.54 million. Federal Agricultural Mortgage had a net margin of 13.14% and a return on equity of 18.86%. Research analysts predict that Federal Agricultural Mortgage will post 17.6 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Gregory Ramsey sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $206.71, for a total value of $310,065.00. Following the transaction, the insider directly owned 3,085 shares in the company, valued at approximately $637,700.35. This represents a 32.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Zachary Carpenter sold 293 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $205.09, for a total transaction of $60,091.37. Following the completion of the transaction, the executive vice president owned 10,532 shares in the company, valued at approximately $2,160,007.88. This trade represents a 2.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,017 shares of company stock worth $1,240,807. Insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. grew its position in Federal Agricultural Mortgage by 0.5% during the second quarter. Baird Financial Group Inc. now owns 17,877 shares of the credit services provider’s stock valued at $3,473,000 after acquiring an additional 81 shares during the last quarter. Merit Financial Group LLC grew its position in Federal Agricultural Mortgage by 7.1% during the third quarter. Merit Financial Group LLC now owns 1,287 shares of the credit services provider’s stock valued at $216,000 after acquiring an additional 85 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in Federal Agricultural Mortgage by 4.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,075 shares of the credit services provider’s stock valued at $403,000 after acquiring an additional 89 shares during the last quarter. Napatree Capital LLC grew its position in Federal Agricultural Mortgage by 7.2% during the first quarter. Napatree Capital LLC now owns 1,525 shares of the credit services provider’s stock valued at $286,000 after acquiring an additional 102 shares during the last quarter. Finally, Byrne Asset Management LLC grew its position in Federal Agricultural Mortgage by 39.0% during the third quarter. Byrne Asset Management LLC now owns 385 shares of the credit services provider’s stock valued at $65,000 after acquiring an additional 108 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors.

About Federal Agricultural Mortgage

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.