The stock of Federal Agricultural Mortgage Corp. (NYSE:AGM) hit a new 52-week high and has $56.84 target or 9.00% above today’s $52.15 share price. The 5 months bullish chart indicates low risk for the $579.23M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $56.84 price target is reached, the company will be worth $52.13M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 15,011 shares traded hands. Federal Agricultural Mortgage Corp. (NYSE:AGM) has risen 36.15% since April 20, 2016 and is uptrending. It has outperformed by 31.59% the S&P500.
Federal Agricultural Mortgage Corp. (NYSE:AGM) Ratings Coverage
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 -29.05% below today’s ($52.15) stock price. Federal Agricultural Mortgage Corp has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was downgraded by Compass Point to “Neutral” on Thursday, May 12. The stock has “Buy” rating given by Sidoti on Wednesday, January 27. The rating was downgraded by Sidoti to “Neutral” on Wednesday, May 11. The stock has “Market Perform” rating given by Wood on Friday, March 11.
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.”
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.
Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0.01% invested in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 3,700 shares. Blackrock Mgmt Limited Liability Company accumulated 0% or 39,361 shares. State Street last reported 170,338 shares in the company. Voya Investment Mgmt Llc last reported 0% of its portfolio in the stock. D E Shaw And last reported 7,342 shares in the company. Blackrock holds 0% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 37,651 shares. Clarivest Asset Mngmt Limited has 0.03% invested in the company for 27,300 shares. The Rhode Island-based Weybosset Mgmt Limited Liability has invested 3.12% in Federal Agricultural Mortgage Corp. (NYSE:AGM). Schwab Charles Investment Mngmt has 145,800 shares for 0.01% of their US portfolio. Geode Cap Mngmt Limited Liability Com has invested 0% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM). Cornerstone Mngmt Holdings Lc last reported 0% of its portfolio in the stock. Citigroup Inc accumulated 2,979 shares or 0% of the stock. Blackrock Grp Inc has 5,921 shares for 0% of their US portfolio. The Ontario – Canada-based Royal Bankshares Of Canada has invested 0% in Federal Agricultural Mortgage Corp. (NYSE:AGM). Tiaa Cref Limited Liability has 39,037 shares for 0% of their US portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 20 insider sales for $2.62 million net activity. Mullery Stephen P also sold $42,656 worth of Federal Agricultural Mortgage Corp. (NYSE:AGM) on Thursday, August 11. Culver Chester J also sold $36,670 worth of Federal Agricultural Mortgage Corp. (NYSE:AGM) shares. Ramsey Gregory sold $41,970 worth of stock. BUZBY TIMOTHY L had sold 2,737 shares worth $141,640. On Wednesday, June 1 the insider Everson Dennis A sold $10,947. On Tuesday, August 9 the insider Faivre-Davis Sara Louise sold $60,150. JUNKINS LOWELL sold 1,500 shares worth $72,648.
More news for Federal Agricultural Mortgage Corp. (NYSE:AGM) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Marketwatch.com‘s article titled: “Federal Agricultural Mortgage Corp. Cl A” and published on December 22, 2009 is yet another important article.
AGM Company Profile
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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