Stock Mover of the Day: Time to Reconsider Federal Agricultural Mortgage Corp. After Reaching All-Time High?

Stock Mover of the Day: Time to Reconsider Federal Agricultural Mortgage Corp. After Reaching All Time High?

The stock of Federal Agricultural Mortgage Corp. (NYSE:AGM) reached all time high today, Nov, 10 and still has $74.90 target or 57.00% above today’s $47.71 share price. This indicates more upside for the $569.09 million company. This technical setup was reported by Barchart.com. If the $74.90 PT is reached, the company will be worth $324.38M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 131,819 shares traded hands or 191.15% up from the average. Federal Agricultural Mortgage Corp. (NYSE:AGM) has risen 26.94% since April 8, 2016 and is uptrending. It has outperformed by 21.29% the S&P500.

Analysts await Federal Agricultural Mortgage Corp. (NYSE:AGM) to report earnings on November, 14.

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. Compass Point downgraded Federal Agricultural Mortgage Corp. (NYSE:AGM) on Thursday, May 12 to “Neutral” rating. Wood downgraded the stock to “Market Perform” rating in Friday, March 11 report. On Wednesday, May 11 the stock rating was downgraded by Sidoti to “Neutral”. The firm has “Buy” rating by Sidoti given on Wednesday, January 27.

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 decreased to 0.82 in Q2 2016. Its down 0.46, from 1.28 in 2016Q1. The ratio worsened, 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.
Pnc Fincl Grp Incorporated last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Na holds 0% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 181,858 shares. Hillsdale Inv Mgmt last reported 250 shares in the company. Teacher Retirement Of Texas has invested 0% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM). Peak6 Invests Lp holds 2,887 shares or 0% of its portfolio. Blackrock Group has 5,921 shares for 0% of their US portfolio. Nationwide Fund Advsr has 7,930 shares for 0% of their US portfolio. Fuller & Thaler Asset Mngmt holds 0% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 300 shares. Qs Invsts Ltd Liability Corp last reported 0% of its portfolio in the stock. Creative Planning has invested 0% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM). Menta Capital Ltd Liability Com reported 8,016 shares or 0.04% of all its holdings. Chicago Equity Prtnrs Limited Liability Corporation holds 0.01% of its portfolio in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 5,930 shares. California Employees Retirement Systems accumulated 0% or 53,500 shares. Voya Management Ltd Liability Corp reported 7,560 shares or 0% of all its holdings. Wellington Group Incorporated Llp accumulated 0% or 50,478 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 15 insider sales for $1.28 million net activity. 715 shares with value of $25,025 were sold by JUNKINS LOWELL on Thursday, May 19. 2,950 Federal Agricultural Mortgage Corp. (NYSE:AGM) shares with value of $120,213 were sold by BUZBY TIMOTHY L. Another trade for 1,000 shares valued at $41,300 was made by JOHNSON MITCHELL A on Wednesday, August 31. 750 Federal Agricultural Mortgage Corp. (NYSE:AGM) shares with value of $28,433 were sold by Everson Dennis A. Faivre-Davis Sara Louise also sold $12,802 worth of Federal Agricultural Mortgage Corp. (NYSE:AGM) shares. 1,090 shares were sold by Mullery Stephen P, worth $42,656 on Thursday, August 11. 3,975 Federal Agricultural Mortgage Corp. (NYSE:AGM) shares with value of $159,994 were sold by Culver Chester J.

Another recent and important Federal Agricultural Mortgage Corp. (NYSE:AGM) news was published by Marketwatch.com which published an article titled: “Federal Agricultural Mortgage Corp. Cl A” on December 22, 2009.

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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