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 business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $211.10, for a total value of $211,100.00. Following the transaction, the director now directly owns 13,060 shares of the company’s stock, valued at $2,756,966. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Federal Agricultural Mortgage Stock Performance

Shares of NYSE:AGM traded down $1.52 during trading on Tuesday, reaching $211.96. 45,942 shares of the stock were exchanged, compared to its average volume of 54,254. 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 $156.74 and a 12 month high of $217.60. The stock has a 50-day moving average price of $187.28 and a 200-day moving average price of $186.33. The firm has a market cap of $2.31 billion, a PE ratio of 13.57, a PEG ratio of 1.87 and a beta of 1.04.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 earnings per share 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 business had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. During the same period in the prior year, the firm earned $4.13 EPS. Research analysts expect that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently declared 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. This represents a $5.60 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, December 16th. Federal Agricultural Mortgage’s dividend payout ratio is presently 36.01%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Federal Agricultural Mortgage

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Investments Inc lifted its position in Federal Agricultural Mortgage by 0.7% during the third quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider’s stock valued at $1,637,000 after purchasing an additional 57 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock worth $724,000 after acquiring an additional 70 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Federal Agricultural Mortgage by 7.3% in the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock worth $207,000 after acquiring an additional 75 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Federal Agricultural Mortgage by 7.8% during the 3rd quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider’s stock valued at $237,000 after buying an additional 92 shares in the last quarter. Finally, nVerses Capital LLC increased its position in Federal Agricultural Mortgage by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 300 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 68.03% of the company’s stock.

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.