Federal Agricultural Mortgage Corp. (AGM) Can’t Be More Hot. Just Reaches 52-Week High

June 20, 2017 - By Linda Rogers

Investors sentiment decreased to 1.23 in Q4 2016. Its down 0.16, from 1.39 in 2016Q3. It worsened, as 8 investors sold Federal Agricultural Mortgage Corp. shares while 40 reduced holdings. 21 funds opened positions while 38 raised stakes. 6.50 million shares or 0.47% less from 6.53 million shares in 2016Q3 were reported.
Jpmorgan Chase & Co has invested 0% in Federal Agricultural Mortgage Corp. (NYSE:AGM). Nationwide Fund has 7,446 shares. Prudential holds 102,833 shares. California Employees Retirement System owns 0.01% invested in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 53,600 shares. Dimensional Fund Limited Partnership accumulated 798,237 shares. 240,392 are owned by Aqr Cap Limited Liability Company. Wedge Mgmt L Lp Nc reported 0.01% in Federal Agricultural Mortgage Corp. (NYSE:AGM). Parametric Associates Ltd Company stated it has 50,456 shares or 0% of all its holdings. Wellington Gp Llp holds 0% or 121,638 shares. Ny State Teachers Retirement Sys accumulated 0% or 800 shares. Blackrock Inv Ltd stated it has 0% in Federal Agricultural Mortgage Corp. (NYSE:AGM). The Georgia-based Asset Of Georgia Ga Adv has invested 0.54% in Federal Agricultural Mortgage Corp. (NYSE:AGM). Boston Partners has invested 0.01% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM). Blackrock Inc holds 0% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 35,925 shares. Creative Planning invested in 0% or 300 shares.

Since May 15, 2017, it had 0 insider buys, and 7 insider sales for $321,200 activity. Everson Dennis A also sold $15,505 worth of Federal Agricultural Mortgage Corp. (NYSE:AGM) shares. Flory Douglas also sold $81,033 worth of Federal Agricultural Mortgage Corp. (NYSE:AGM) on Thursday, June 1. $31,192 worth of Federal Agricultural Mortgage Corp. (NYSE:AGM) was sold by JUNKINS LOWELL. 799 shares were sold by Ramsey Gregory, worth $48,592.

The stock of Federal Agricultural Mortgage Corp. (NYSE:AGM) hit a new 52-week high and has $71.36 target or 8.00 % above today’s $66.07 share price. The 8 months bullish chart indicates low risk for the $681.53 million company. The 1-year high was reported on Jun, 20 by Barchart.com. If the $71.36 price target is reached, the company will be worth $54.52 million 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 833 shares traded. Federal Agricultural Mortgage Corp. (NYSE:AGM) has risen 72.41% since June 20, 2016 and is uptrending. It has outperformed by 55.71% the S&P500.

Federal Agricultural Mortgage Corp. (NYSE:AGM) Ratings Coverage

Among 4 analysts covering Federal Agricultural Mortgage Corp (NYSE:AGM), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Federal Agricultural Mortgage Corp has $40 highest and $35 lowest target. $37’s average target is -44.00% below currents $66.07 stock price. Federal Agricultural Mortgage Corp had 6 analyst reports since August 12, 2015 according to SRatingsIntel. As per Thursday, May 12, the company rating was downgraded by Compass Point. The rating was downgraded by Wood to “Market Perform” on Friday, March 11. On Wednesday, January 27 the stock rating was initiated by Sidoti with “Buy”. The rating was downgraded by Sidoti to “Neutral” on Wednesday, May 11.

More news for Federal Agricultural Mortgage Corp. (NYSE:AGM) were recently published by: Seekingalpha.com, which released: “Federal Agricultural Mortgage Corp’s (AGM) CEO Timothy Buzby on Q1 2017 …” on May 10, 2017. Nasdaq.com‘s article titled: “Federal Agricultural Mortgage Corporation (AGM) Ex-Dividend Date Scheduled for …” and published on May 16, 2017 is yet another important article.

Federal Agricultural Mortgage Corporation provides a secondary market for a range of loans made to borrowers in rural America. The company has market cap of $681.53 million. The Company’s divisions include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. It has a 9.76 P/E ratio. The Company’s 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.

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