Federal Agricultural Mortgage Co. (NYSE:AGM) Director Sara Louise Faivre-Davis Sells 685 Shares of Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Sara Louise Faivre-Davis sold 685 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total value of $129,417.05. Following the transaction, the director now directly owns 4,595 shares of the company’s stock, valued at approximately $868,133.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sara Louise Faivre-Davis also recently made the following trade(s):

• On Friday, September 6th, Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock. The stock was sold at an average price of $184.55, for a total value of $126,416.75.

Federal Agricultural Mortgage Price Performance

AGM stock opened at $183.85 on Friday. Federal Agricultural Mortgage Co. has a 52-week low of $140.44 and a 52-week high of $217.60. The stock’s fifty day simple moving average is $192.92 and its 200-day simple moving average is $186.14. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 1.74 and a beta of 1.03.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. The business had revenue of $406.23 million for the quarter, compared to analyst estimates of $91.77 million. During the same quarter last year, the business earned $3.86 EPS. Equities research analysts expect that Federal Agricultural Mortgage Co. will post 16.19 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The company 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. This represents a $5.60 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Monday, September 16th. Federal Agricultural Mortgage’s payout ratio is currently 34.15%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd boosted its holdings in Federal Agricultural Mortgage by 49.6% in the fourth quarter. Quadrature Capital Ltd now owns 13,950 shares of the credit services provider’s stock valued at $2,669,000 after acquiring an additional 4,628 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Federal Agricultural Mortgage by 111.3% in the fourth quarter. Victory Capital Management Inc. now owns 8,752 shares of the credit services provider’s stock valued at $1,674,000 after acquiring an additional 4,611 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Federal Agricultural Mortgage in the first quarter valued at $2,141,000. AdvisorShares Investments LLC acquired a new position in Federal Agricultural Mortgage in the fourth quarter valued at $3,414,000. Finally, Captrust Financial Advisors acquired a new position in Federal Agricultural Mortgage in the first quarter valued at $24,137,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $215.00 price objective on shares of Federal Agricultural Mortgage in a 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.