November 28, 2016 - By Vivian Park
Not a long ago, the SVP – Agricultural Finance of Federal Agricultural Mortgage Corp, Mr. John Covington, unloaded amount of shares – 500, totalling $26,230 U.S Dollars, which is based on a market stock price of $52.5 per each share. John Covington now has in hand 12,961 shares or 0.13% of Federal Agricultural Mortgage Corp’s market cap.
Out of 4 analysts covering Federal Agricultural Mortgage Corp (NYSE:AGM), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $40 is the highest target while $35 is the lowest. The $37 average target is -28.60% below today’s ($51.82) stock price. Federal Agricultural Mortgage Corp has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Compass Point downgraded the stock to “Neutral” rating in Thursday, May 12 report. Wood downgraded Federal Agricultural Mortgage Corp. (NYSE:AGM) on Friday, March 11 to “Market Perform” rating. Sidoti downgraded the stock to “Neutral” rating in Wednesday, May 11 report. The firm earned “Buy” rating on Wednesday, January 27 by Sidoti.
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.57, from 0.82 in 2016Q1. The ratio increased, as 11 funds sold all Federal Agricultural Mortgage Corp. shares owned while 39 reduced positions. 18 funds bought stakes while 23 increased positions. They now own 6.53 million shares or 0.11% more from 6.53 million shares in 2016Q1.
Vanguard Group Inc Inc holds 0% or 390,442 shares in its portfolio. Allianz Asset Mngmt Ag reported 11,933 shares or 0% of all its holdings. Wells Fargo & Comm Mn has 0% invested in the company for 3,410 shares. Cornerstone Cap Lc holds 3,149 shares or 0% of its portfolio. Bridgeway Cap Mgmt accumulated 0.02% or 31,300 shares. Metropolitan Life Commerce New York accumulated 0% or 7,626 shares. Lsv Asset Mgmt holds 0.04% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 554,907 shares. Blackrock last reported 0% of its portfolio in the stock. Invsts Asset Management Of Georgia Ga Adv has invested 0.35% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM). Dimensional Fund L P accumulated 802,147 shares or 0.02% of the stock. Thompson Siegel & Walmsley Limited Liability Corp last reported 900 shares in the company. Loomis Sayles & Co L P has 0.02% invested in the company for 235,337 shares. Livforsakringsbolaget Skandia Omsesidigt last reported 0.01% of its portfolio in the stock. Schwab Charles Inv Inc reported 145,800 shares or 0.01% of all its holdings. Creative Planning reported 300 shares or 0% of all its holdings.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 19 selling transactions for $2.61 million net activity. $10,947 worth of Federal Agricultural Mortgage Corp. (NYSE:AGM) shares were sold by Everson Dennis A. BUZBY TIMOTHY L sold $120,213 worth of stock. Hill Thomas William sold 1,000 shares worth $50,002. $60,150 worth of Federal Agricultural Mortgage Corp. (NYSE:AGM) was sold by Faivre-Davis Sara Louise. On Monday, November 14 the insider JOHNSON MITCHELL A sold $51,447. The insider Culver Chester J sold 3,975 shares worth $159,994. On Monday, November 14 JUNKINS LOWELL sold $72,648 worth of the stock or 1,500 shares.
About 66,310 shares traded hands or 14.68% up from the average. Federal Agricultural Mortgage Corp. (NYSE:AGM) has risen 38.18% since April 25, 2016 and is uptrending. It has outperformed by 32.17% the S&P500.
Federal Agricultural Mortgage Corporation provides a secondary market for a range of loans made to borrowers in rural America. The company has a market cap of $547.84 million. The Firm operates through four divisions: Farm & Ranch, the United States Department of Agriculture (USDA) Guarantees, Rural Utilities and Institutional Credit. It has a 10.47 P/E ratio. The Firm purchases mortgage loans on agricultural real estate and rural housing under the Farm & Ranch line of business.
According to Zacks Investment Research, “The Federal Agricultural Mortgage Corporation Farmer Mac is a federally chartered instrumentality of the United States that was created to establish a secondary market for agricultural real estate and rural housing mortgage loans.”
Analysts await Federal Agricultural Mortgage Corp. (NYSE:AGM) to report earnings on March, 9.
More news for Federal Agricultural Mortgage Corp. (NYSE:AGM) were recently published by: Marketwatch.com, which released: “Federal Agricultural Mortgage Corp. Cl A” on December 22, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 11, 2011 is yet another important article.
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 Firm operates through four divisions: Farm & Ranch, the United States Department of Agriculture (USDA) Guarantees, Rural Utilities and Institutional Credit. The Firm sells its guarantees of securities under the AgVantage brand name.
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By Vivian Park