Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson Sells 1,500 Shares

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $204.69, for a total transaction of $307,035.00. Following the completion of the transaction, the director now owns 11,060 shares in the company, valued at approximately $2,263,871.40. The trade was a 11.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Federal Agricultural Mortgage Trading Up 0.6 %

Shares of NYSE AGM opened at $205.09 on Friday. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.04. The stock’s 50 day simple moving average is $191.02 and its 200 day simple moving average is $187.51. 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 Co. has a 12-month low of $161.72 and a 12-month high of $217.60.

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

Federal Agricultural Mortgage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.01%.

Institutional Investors Weigh In On Federal Agricultural Mortgage

A number of hedge funds have recently made changes to their positions in AGM. nVerses Capital LLC bought a new position in Federal Agricultural Mortgage in the 2nd quarter worth approximately $36,000. Point72 DIFC Ltd boosted its position in Federal Agricultural Mortgage by 180.0% during the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock worth $68,000 after acquiring an additional 234 shares during the period. Fifth Third Bancorp grew its stake in shares of Federal Agricultural Mortgage by 160.5% in the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock worth $94,000 after purchasing an additional 321 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Federal Agricultural Mortgage during the second quarter valued at $108,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Federal Agricultural Mortgage during the second quarter valued at $181,000. Institutional investors own 68.03% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $215.00 price objective on shares of Federal Agricultural Mortgage in a research note 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.