Shares are trading at $68.03 a tad higher than $63.66, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $58.97. The 50 day moving average went up $4.37 or +6.87% whereas the 200 day average was up by +15.36%. 64K shares changed hands on Thursday. Trading volume was down 27.20% under the stocks average daily volume.
Here is the rundown on market activity for Federal Agricultural Mortgage C (NYSE:AGM). Douglas Flory, Director disclosed the sale of 1,325 shares of (AGM). The shares were purchased at an average price of $61.16. Flory now owns $244,579 of the stock per the Form 4 SEC filing. Director Myles James Watts let go of 1,779 shares at an average price of $62.50 on Wed the 24th. That brings Watts’s holdings to $804,313 per an SEC filing yesterday.
Principal Accounting Officer Gregory Ramsey disclosed the sale of 799 shares. The shares were sold on May 18th for an average price of $60.82. The Principal Accounting Officer now owns $112,517 of the stock according to the SEC filing.
Here are a few other firms who have also updated their positions. As of quarter end Bank Of Montreal /can/ had sold 201 shares trimming its stake by 21.9%. The value of the investment in (AGM) decreased from $53,000 to $46,000 decreasing 13.2% quarter to quarter. Livforsakringsbolaget Skandia, Omsesidigt added to its stake by buying 1,200 shares an increase of 16.7% from 03/31/2017 to 06/30/2017. Livforsakringsbolaget Skandia, Omsesidigt currently owns 8,400 shares worth $543,000. The value of the position overall is up by 30.8%.
Goldman Sachs Group Inc bolstered its investment by buying 6,018 shares an increase of 13.1% as of 03/31/2017. Goldman Sachs Group Inc now holds 52,120 shares with a value of $3,001,000. The total value of its holdings increased 13.7%. Matthew 25 Management Corp augmented its ownership by buying 500 shares an increase of 1.6%. Matthew 25 Management Corp claims 31,500 shares valued at $1,813,000. The total value of its holdings increased 2.1%.
On May 12, 2016 the stock rating was rated “Neutral” by Compass Point a cut from the previous “Buy” rating. On March 11 the company was changed to a “Market Perform” according to a Keefe Bruyette & Woods report which is down from the previous “Outperform” rating.
On August 12 Keefe Bruyette & Woods kept the company rating at “Outperform” and lowered the price expectation from $39.00 to $35.00. November 13 investment analysts at Keefe Bruyette & Woods kept the stock rating at “Outperform” but lowered the price expectation to $39.00 from $43.00.
November 12 investment analysts at Compass Point maintained a stock rating of “Buy” but moved up the price target from $37.00 to $41.00. Keefe Bruyette & Woods initiated coverage giving it an initial rating of “Outperform” and projecting a price target of $46.00.
In the market the company is trading up by 2.90 percent from yesterday’s close. The company recently announced a dividend that was paid on Friday June 30th, 2017. The dividend was $0.360 per share for the quarter which is $1.44 annualized. The dividend yield was $2.18. The ex-dividend date was set for Tuesday the 13th of June 2017.
The P/E ratio is 10.04 and the market value is 720.91M. As of the last earnings report the EPS was $6.78 and is expected to be $5.63 for the current year with 10,597,000 shares outstanding. Next quarter’s EPS is forecasted to be $1.42 with next year’s EPS anticipated to be $5.93.
Federal Agricultural Mortgage Corporation (Farmer Mac), incorporated in 1987, provides a secondary market for a range of loans made to borrowers in rural America. The Business’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans. The loans eligible for the secondary market provided by Farmer Mac include mortgage loans secured by first liens on agricultural real estate, including part-time farms and rural housing (comprising the assets eligible for the Farm & Ranch line of business); agricultural and rural development loans guaranteed by the United States Department of Agriculture (USDA) (comprising the assets eligible for the USDA Guarantees line of business), and loans made by lenders organized as cooperatives to finance electrification and telecommunications systems in rural areas (comprising the assets eligible for the Rural Utilities line of business)..