Insider Selling: Federal Agricultural Mortgage Co. (NYSE:AGM) Director Sells $513,025.00 in Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total transaction of $513,025.00. Following the completion of the sale, the director now owns 8,644 shares in the company, valued at approximately $1,773,835.24. This trade represents a 22.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Federal Agricultural Mortgage Stock Up 3.6 %

AGM stock opened at $209.13 on Friday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The business’s 50 day moving average price is $196.94 and its two-hundred day moving average price is $195.39. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.17 by $0.46. The business had revenue of $101.26 million during the quarter, compared to the consensus estimate of $92.81 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. During the same quarter in the prior year, the company earned $4.10 earnings per share. As a group, analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.50 per share. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Friday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.47%.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. purchased a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at approximately $25,000. Point72 DIFC Ltd increased its position in Federal Agricultural Mortgage by 180.0% during the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock valued at $68,000 after buying an additional 234 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Federal Agricultural Mortgage during the fourth quarter valued at $100,000. Parkside Financial Bank & Trust boosted its holdings in Federal Agricultural Mortgage by 7.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider’s stock worth $198,000 after acquiring an additional 66 shares in the last quarter. Finally, Pictet Asset Management Holding SA bought a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at $208,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a “market perform” rating in a research note on Monday, February 24th.

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.