Federal Agricultural Mortgage Corporation (AGM-A) stock surged +2.01%, trading at $165.26 on NYSE, up from the previous close of $162.00. The stock opened at $165.26, fluctuating between $165.26 and $165.26 in the recent session.
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural and rural development loans guaranteed by the USDA. The Rural Utilities segment purchases and guarantees securities that are backed by loans for electric or telecommunications facilities by lenders organized as cooperatives to borrowers; and purchases eligible rural utilities loans and guarantees of securities backed by those loans, as well as LTSPCs for pools of eligible rural utilities loans. The Institutional Credit segment guarantees and purchases general obligations of lenders and other financial institutions that are secured by pools of loans eligible under the Farmer Mac's Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. Federal Agricultural Mortgage Corporation was founded in 1987 and is headquartered in Washington, District of Columbia.
Employees | 185 |
Beta | 1.06 |
Sales or Revenue | $351.34M |
5Y Sales Change% | 0.845% |
Fiscal Year Ends | December |
Sector | Financial Services |
Industry | Financial - Credit Services |
Federal Agricultural Mortgage Corporation (NYSE: AGM-A) stock price is $165.26 in the last trading session. During the trading session, AGM-A stock reached the peak price of $165.26 while $165.26 was the lowest point it dropped to. The percentage change in AGM-A stock occurred in the recent session was 2.01% while the dollar amount for the price change in AGM-A stock was $3.26.
The NYSE listed AGM-A is part of Financial - Credit Services industry that operates in the broader Financial Services sector. Federal Agricultural Mortgage Corporation designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
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AGM-A's closing price is 35.2% higher than its 52-week low of $122.23 where as its distance from 52-week high of $167.50 is -1.34%.
Number of AGM-A employees currently stands at 185.
Official Website of AGM-A is: https://www.farmermac.com
AGM-A could be contacted at phone 800 879 3276 and can also be accessed through its website. AGM-A operates from 1999 K Street, NW, Washington, DC 20006, United States.
AGM-A stock volume for the day was 105 shares. The average number of AGM-A shares traded daily for last 3 months was 519.
The market value of AGM-A currently stands at $2.30B with its latest stock price at $165.26 and 13.59M of its shares outstanding.
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