Federal Agricultural Mortgage (NYSE:AGM) Price Target Raised to $230.00 at Keefe, Bruyette & Woods

Federal Agricultural Mortgage (NYSE:AGM) had its price target upped by investment analysts at Keefe, Bruyette & Woods from $205.00 to $230.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 10.46% from the company’s current price.

Federal Agricultural Mortgage Trading Up 6.4 %

NYSE AGM opened at $208.22 on Monday. The firm’s 50 day moving average price is $196.77 and its two-hundred day moving average price is $194.55. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. Federal Agricultural Mortgage has a twelve month low of $169.17 and a twelve month high of $217.60. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.59 and a beta of 1.08.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.17 by $0.46. The business had revenue of $101.26 million for the quarter, compared to the consensus estimate of $92.81 million. Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. During the same quarter in the previous year, the company posted $4.10 earnings per share. Equities analysts anticipate that Federal Agricultural Mortgage will post 15.85 EPS for the current year.

Insider Activity at Federal Agricultural Mortgage

In related news, CEO Bradford T. Nordholm sold 5,073 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the completion of the sale, the chief executive officer now directly owns 41,104 shares in the company, valued at approximately $8,770,360.48. This trade represents a 10.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AGM. Blue Trust Inc. bought a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at approximately $25,000. Point72 DIFC Ltd lifted its stake in Federal Agricultural Mortgage by 180.0% in the third quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock valued at $68,000 after acquiring an additional 234 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Federal Agricultural Mortgage in the fourth quarter worth approximately $100,000. Parkside Financial Bank & Trust increased its stake in shares of Federal Agricultural Mortgage by 7.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider’s stock worth $198,000 after purchasing an additional 66 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Federal Agricultural Mortgage by 7.3% during the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock valued at $207,000 after purchasing an additional 75 shares in the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

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.