Federal Agricultural Mortgage Co. (NYSE:AGM) Director Buys $12,391.65 in Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Todd P. Ware acquired 67 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $184.95 per share, for a total transaction of $12,391.65. Following the transaction, the director now directly owns 3,472 shares in the company, valued at $642,146.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Federal Agricultural Mortgage Trading Down 0.7 %

AGM opened at $186.27 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.46 and a quick ratio of 0.46. Federal Agricultural Mortgage Co. has a fifty-two week low of $140.44 and a fifty-two week high of $217.60. The firm has a market capitalization of $2.03 billion, a PE ratio of 11.36, a P/E/G ratio of 1.70 and a beta of 1.03. The company’s 50-day moving average is $188.30 and its 200 day moving average is $185.51.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, August 5th. The credit services provider reported $3.63 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 22.01% and a net margin of 13.79%. The business had revenue of $406.23 million during the quarter, compared to analyst estimates of $91.77 million. During the same quarter in the prior year, the company earned $3.86 EPS. As a group, research analysts predict that Federal Agricultural Mortgage Co. will post 16.67 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $5.60 annualized dividend and a yield of 3.01%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 34.15%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $215.00 target price on shares of Federal Agricultural Mortgage in a report on Tuesday, August 6th.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners increased its stake in Federal Agricultural Mortgage by 8.1% in the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock valued at $95,435,000 after buying an additional 36,560 shares during the last quarter. American Century Companies Inc. increased its stake in Federal Agricultural Mortgage by 25.7% in the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock valued at $32,187,000 after buying an additional 36,380 shares during the last quarter. Captrust Financial Advisors purchased a new stake in Federal Agricultural Mortgage in the 1st quarter valued at about $24,137,000. International Assets Investment Management LLC purchased a new stake in Federal Agricultural Mortgage in the 4th quarter valued at about $18,283,000. Finally, Envestnet Asset Management Inc. increased its stake in Federal Agricultural Mortgage by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 65,716 shares of the credit services provider’s stock valued at $11,883,000 after buying an additional 1,098 shares during the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.