Insider Selling: Federal Agricultural Mortgage Co. (NYSE:AGM) Director Sells 1,000 Shares of Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $208.00, for a total value of $208,000.00. Following the completion of the sale, the director now directly owns 14,060 shares of the company’s stock, valued at $2,924,480. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Federal Agricultural Mortgage Trading Down 0.7 %

NYSE AGM traded down $1.52 on Tuesday, reaching $211.96. The company had a trading volume of 45,942 shares, compared to its average volume of 54,254. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 1.87 and a beta of 1.04. The business has a 50 day moving average of $187.28 and a two-hundred day moving average of $186.33. Federal Agricultural Mortgage Co. has a fifty-two week low of $156.74 and a fifty-two week 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 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 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 previous year, the business posted $4.13 EPS. Analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 dividend yield of 2.64%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.01%.

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. Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 6,444 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Federal Agricultural Mortgage by 1.0% during the third quarter. Foundry Partners LLC now owns 37,605 shares of the credit services provider’s stock valued at $7,048,000 after purchasing an additional 355 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Federal Agricultural Mortgage during the third quarter valued at approximately $300,000. Moors & Cabot Inc. grew its holdings in shares of Federal Agricultural Mortgage by 7.8% during the third 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 during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its holdings in Federal Agricultural Mortgage by 10.3% in the third quarter. Global Alpha Capital Management Ltd. now owns 11,425 shares of the credit services provider’s stock worth $2,141,000 after purchasing an additional 1,065 shares during the last quarter. Institutional investors own 68.03% of the company’s stock.

Analyst Upgrades and Downgrades

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.

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.