Federal Agricultural Mortgage (NYSE:AGM) Trading Down 2.6% – What’s Next?

Federal Agricultural Mortgage Co. (NYSE:AGM)’s share price traded down 2.6% during mid-day trading on Thursday . The company traded as low as $188.76 and last traded at $193.41. 57,044 shares were traded during trading, an increase of 9% from the average session volume of 52,547 shares. The stock had previously closed at $198.55.

Federal Agricultural Mortgage Stock Down 0.5 %

The company’s fifty day simple moving average is $202.27 and its 200 day simple moving average is $192.63. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $2.15 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.95 and a beta of 1.07.

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

Federal Agricultural Mortgage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $1.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $5.60 dividend on an annualized basis and a yield of 2.84%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.01%.

Insider Buying and Selling at Federal Agricultural Mortgage

In related news, Director Mitchell A. Johnson sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $204.69, for a total value of $307,035.00. Following the sale, the director now owns 11,060 shares in the company, valued at $2,263,871.40. This represents a 11.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bradford T. Nordholm sold 5,073 shares of Federal Agricultural Mortgage stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $213.37, for a total value of $1,082,426.01. Following the transaction, the chief executive officer now owns 41,104 shares of the company’s stock, valued at $8,770,360.48. The trade was a 10.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,573 shares of company stock valued at $1,808,561. 2.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Federal Agricultural Mortgage

A number of institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans bought a new position in Federal Agricultural Mortgage in the 3rd quarter worth about $3,949,000. Quest Partners LLC raised its holdings in Federal Agricultural Mortgage by 141.8% in the third quarter. Quest Partners LLC now owns 5,022 shares of the credit services provider’s stock worth $941,000 after buying an additional 2,945 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Federal Agricultural Mortgage by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider’s stock worth $20,145,000 after buying an additional 6,444 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Federal Agricultural Mortgage by 25.7% during the second 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. Finally, Intech Investment Management LLC bought a new stake in shares of Federal Agricultural Mortgage during the third quarter valued at approximately $300,000. 68.03% of the stock is owned by hedge funds and other institutional investors.

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.