Insider Selling: Federal Agricultural Mortgage Co. (NYSE:AGM) Director Sells 1,500 Shares of Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 1,500 shares of the firm’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 completion of the sale, the director now owns 11,060 shares of the company’s stock, valued at $2,263,871.40. The trade was a 11.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Federal Agricultural Mortgage Trading Up 0.8 %

NYSE:AGM traded up $1.59 during midday trading on Thursday, reaching $203.36. 33,127 shares of the stock traded hands, compared to its average volume of 54,091. The stock has a market capitalization of $2.21 billion, a P/E ratio of 13.08, a PEG ratio of 1.85 and a beta of 1.04. The company has a fifty day moving average of $190.68 and a 200 day moving average of $187.27. Federal Agricultural Mortgage Co. has a 12 month low of $161.72 and a 12 month high of $217.60. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Monday, November 4th. The credit services provider reported $4.10 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 business had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $92.15 million. During the same quarter in the prior year, the business posted $4.13 earnings per share. On average, research analysts predict that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $1.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.75%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.01%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vestcor Inc bought a new position in shares of Federal Agricultural Mortgage during the third quarter valued at approximately $525,000. Barclays PLC grew its position in Federal Agricultural Mortgage by 181.7% during the 3rd quarter. Barclays PLC now owns 18,172 shares of the credit services provider’s stock worth $3,405,000 after purchasing an additional 11,721 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Federal Agricultural Mortgage in the third quarter worth about $399,000. Jane Street Group LLC lifted its holdings in Federal Agricultural Mortgage by 36.6% during the third quarter. Jane Street Group LLC now owns 16,548 shares of the credit services provider’s stock valued at $3,101,000 after purchasing an additional 4,434 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Federal Agricultural Mortgage by 5.9% during the third quarter. Wellington Management Group LLP now owns 182,569 shares of the credit services provider’s stock worth $34,215,000 after buying an additional 10,194 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Analyst Ratings Changes

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

Federal Agricultural Mortgage Company Profile

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.