Today The Federal Agricultural Mortgage Corporation (AGM) Given $42.00 Average Price Target by Brokerages

Today The Federal Agricultural Mortgage Corporation (AGM) Given $42.00 Average Price Target by Brokerages

Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) have been given a consensus broker rating score of 2.67 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

Analysts have set a 1-year consensus target price of $42.00 for the company, according to Zacks. Zacks has also given Federal Agricultural Mortgage Corporation an industry rank of 199 out of 265 based on the ratings given to related companies.

Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) traded up 0.37% during trading on Wednesday, hitting $58.94. The stock had a trading volume of 8,076 shares. The stock’s 50 day moving average is $57.50 and its 200-day moving average is $45.74. The company has a market cap of $617.87 million, a PE ratio of 11.91 and a beta of 1.07. Federal Agricultural Mortgage Corporation has a 12-month low of $28.47 and a 12-month high of $59.75.

The firm also recently declared a quarterly dividend, which was paid on Saturday, December 31st. Stockholders of record on Friday, December 16th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $1.04 annualized dividend and a dividend yield of 1.77%. Federal Agricultural Mortgage Corporation’s dividend payout ratio is currently 20.97%.

In related news, Director Lowell Junkins sold 1,500 shares of Federal Agricultural Mortgage Corporation stock in a transaction on Monday, November 14th. The stock was sold at an average price of $48.43, for a total transaction of $72,645.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy L. Buzby sold 9,881 shares of Federal Agricultural Mortgage Corporation stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $40.60, for a total value of $401,168.60. The disclosure for this sale can be found here. Insiders sold a total of 30,648 shares of company stock valued at $1,474,799 over the last three months. Insiders own 4.84% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Federal Agricultural Mortgage Corporation during the fourth quarter valued at about $1,158,000. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Federal Agricultural Mortgage Corporation by 100.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 6,300 shares of the company’s stock valued at $248,000 after buying an additional 3,151 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Federal Agricultural Mortgage Corporation during the third quarter valued at about $239,000. HighTower Advisors LLC purchased a new position in shares of Federal Agricultural Mortgage Corporation during the third quarter valued at about $214,000. Finally, KCG Holdings Inc. purchased a new position in shares of Federal Agricultural Mortgage Corporation during the third quarter valued at about $259,000. 62.89% of the stock is owned by hedge funds and other institutional investors.

Federal Agricultural Mortgage Corporation Company Profile

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company operates through four segments: Farm & Ranch, the United States Department of Agriculture (USDA) Guarantees, Rural Utilities and Institutional Credit.

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