Market Runner: What’s Federal Agricultural Mortgage Corp. Upside After Today’s Huge Increase?

Market Runner: What's Federal Agricultural Mortgage Corp. Upside After Today's Huge Increase?

The stock of Federal Agricultural Mortgage Corp. (NYSE:AGM) is a huge mover today! The stock increased 5.33% or $2.76 on November 29, hitting $54.59. About 106,327 shares traded hands or 81.39% up from the average. Federal Agricultural Mortgage Corp. (NYSE:AGM) has risen 31.18% since April 26, 2016 and is uptrending. It has outperformed by 25.92% the S&P500.
The move comes after 7 months positive chart setup for the $576.24 million company. It was reported on Nov, 29 by Barchart.com. We have $57.32 PT which if reached, will make NYSE:AGM worth $28.81M more.

Analysts await Federal Agricultural Mortgage Corp. (NYSE:AGM) to report earnings on March, 9.

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. Federal Agricultural Mortgage Corp has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Sidoti downgraded Federal Agricultural Mortgage Corp. (NYSE:AGM) on Wednesday, May 11 to “Neutral” rating. The stock of Federal Agricultural Mortgage Corp. (NYSE:AGM) has “Buy” rating given on Wednesday, January 27 by Sidoti. The firm earned “Neutral” rating on Thursday, May 12 by Compass Point. On Friday, March 11 the stock rating was downgraded by Wood to “Market Perform”.

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.
Tiaa Cref Lc holds 0% or 39,037 shares in its portfolio. Ladenburg Thalmann Finance Services Inc last reported 0% of its portfolio in the stock. Deere & accumulated 13,289 shares or 0.02% of the stock. Fuller And Thaler Asset Mgmt last reported 300 shares in the company. Grantham Mayo Van Otterloo And Ltd last reported 0% of its portfolio in the stock. Price T Rowe Associates Md last reported 0% of its portfolio in the stock. Moreover, Blackrock Advisors Ltd Liability has 0% invested in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 4,716 shares. Jpmorgan Chase & last reported 0% of its portfolio in the stock. Moreover, Peak6 Invs Lp has 0% invested in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 2,887 shares. Comml Bank Of Montreal Can, a Ontario – Canada-based fund reported 726 shares. The Colorado-based Public Employees Retirement Association Of Colorado has invested 0% in Federal Agricultural Mortgage Corp. (NYSE:AGM). Advisory Inc last reported 31,180 shares in the company. Northern holds 0% or 91,987 shares in its portfolio. Prudential Fincl has 73,383 shares for 0% of their US portfolio. Wells Fargo And Mn reported 3,410 shares or 0% of all its holdings.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 20 selling transactions for $2.63 million net activity. Another trade for 1,319 shares valued at $56,387 was sold by BUZBY TIMOTHY L. Another trade for 1,000 shares valued at $41,300 was sold by JOHNSON MITCHELL A. $26,230 worth of shares were sold by Covington John Curtis on Wednesday, November 23. Culver Chester J sold $159,994 worth of stock or 3,975 shares. Hill Thomas William sold $50,002 worth of Federal Agricultural Mortgage Corp. (NYSE:AGM) on Monday, November 14. The insider Everson Dennis A sold $10,947. Shares for $41,970 were sold by Ramsey Gregory.

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.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment