Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson Sells 1,000 Shares

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $211.10, for a total transaction of $211,100.00. Following the sale, the director now directly owns 13,060 shares in the company, valued at $2,756,966. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Federal Agricultural Mortgage Stock Down 0.7 %

NYSE:AGM traded down $1.52 on Tuesday, hitting $211.96. 45,942 shares of the company’s stock traded hands, compared to its average volume of 54,254. The company has a market cap of $2.31 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.87 and a beta of 1.04. The firm has a 50-day moving average price of $187.28 and a 200-day moving average price of $186.33. Federal Agricultural Mortgage Co. has a 1 year low of $156.74 and a 1 year high of $217.60. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). The business had revenue of $411.40 million for the quarter, compared to analyst estimates of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. During the same quarter last year, the firm earned $4.13 earnings per share. Equities analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $5.60 dividend on an annualized basis and a yield of 2.64%. Federal Agricultural Mortgage’s payout ratio is presently 36.01%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AGM. Captrust Financial Advisors acquired a new stake in Federal Agricultural Mortgage in the 1st quarter worth about $24,137,000. Boston Partners boosted its stake in shares of 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 purchasing an additional 36,560 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Federal Agricultural Mortgage by 25.7% during 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 acquiring an additional 36,380 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Federal Agricultural Mortgage during the 3rd quarter valued at $175,610,000. Finally, Cetera Advisors LLC acquired a new position in Federal Agricultural Mortgage during the first quarter worth $205,000. Institutional investors own 68.03% of the company’s stock.

Wall Street Analyst Weigh In

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

About Federal Agricultural Mortgage

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.