Todd P. Ware Buys 67 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Todd P. Ware acquired 67 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $184.95 per share, with a total value of $12,391.65. Following the acquisition, the director now directly owns 3,472 shares in the company, valued at $642,146.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Federal Agricultural Mortgage Stock Down 0.7 %

Shares of AGM opened at $186.27 on Wednesday. The firm has a 50 day simple moving average of $188.30 and a two-hundred day simple moving average of $185.51. The company has a market cap of $2.03 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.70 and a beta of 1.03. Federal Agricultural Mortgage Co. has a one year low of $140.44 and a one year high of $217.60. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.46 and a quick ratio of 0.46.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.46). The business had revenue of $406.23 million during the quarter, compared to the consensus estimate of $91.77 million. Federal Agricultural Mortgage had a return on equity of 22.01% and a net margin of 13.79%. During the same period in the prior year, the firm earned $3.86 EPS. Research analysts forecast that Federal Agricultural Mortgage Co. will post 16.67 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $1.40 dividend. The ex-dividend date is Monday, September 16th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.01%. Federal Agricultural Mortgage’s dividend payout ratio is presently 34.15%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Federal Agricultural Mortgage

Institutional investors and hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust boosted its holdings in Federal Agricultural Mortgage by 9.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 702 shares of the credit services provider’s stock worth $134,000 after buying an additional 61 shares during the period. Riverwater Partners LLC increased its holdings in shares of Federal Agricultural Mortgage by 0.9% in the 1st quarter. Riverwater Partners LLC now owns 11,476 shares of the credit services provider’s stock worth $2,259,000 after buying an additional 104 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Federal Agricultural Mortgage by 6.9% in the 2nd quarter. Inspire Investing LLC now owns 1,962 shares of the credit services provider’s stock worth $355,000 after buying an additional 126 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Federal Agricultural Mortgage by 9.8% during the 2nd quarter. SG Americas Securities LLC now owns 1,439 shares of the credit services provider’s stock valued at $260,000 after purchasing an additional 128 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Federal Agricultural Mortgage by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 1,640 shares of the credit services provider’s stock valued at $323,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds 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.