Insider Selling: Federal Agricultural Mortgage Co. (NYSE:AGM) Director Sells $307,035.00 in Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 1,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $204.69, for a total transaction of $307,035.00. Following the sale, the director now directly owns 11,060 shares of the company’s stock, valued at approximately $2,263,871.40. This trade represents a 11.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Federal Agricultural Mortgage Stock Up 0.6 %

Shares of NYSE:AGM opened at $205.09 on Friday. The company has a 50 day moving average of $191.02 and a two-hundred day moving average of $187.51. Federal Agricultural Mortgage Co. has a 52-week low of $161.72 and a 52-week high of $217.60. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. The company has a market capitalization 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.

Federal Agricultural Mortgage (NYSE:AGM) last released 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). The firm had revenue of $411.40 million for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $4.13 EPS. As a group, analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 earnings per share 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 dividend of $1.40 per share. 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 2.73%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.01%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Federal Agricultural Mortgage

Institutional investors have recently made changes to their positions in the business. Boston Partners increased its stake in shares of Federal Agricultural Mortgage by 8.1% in the first quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock worth $95,435,000 after buying an additional 36,560 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Federal Agricultural Mortgage by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock worth $59,911,000 after acquiring an additional 29,917 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Federal Agricultural Mortgage by 10.0% in the 3rd quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider’s stock worth $42,539,000 after purchasing an additional 20,603 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Federal Agricultural Mortgage by 5.9% in the 3rd quarter. Wellington Management Group LLP now owns 182,569 shares of the credit services provider’s stock valued at $34,215,000 after purchasing an additional 10,194 shares in the last quarter. Finally, American Century Companies Inc. lifted its position 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 worth $32,187,000 after purchasing an additional 36,380 shares during the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

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.