Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson Sells 1,500 Shares of Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 1,500 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $204.69, for a total transaction of $307,035.00. Following the transaction, the director now directly owns 11,060 shares of the company’s stock, valued at approximately $2,263,871.40. This trade represents a 11.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Federal Agricultural Mortgage Stock Up 0.4 %

AGM traded up $0.81 on Friday, hitting $204.65. 6,418 shares of the company were exchanged, compared to its average volume of 53,881. The firm has a 50-day moving average price of $190.68 and a two-hundred day moving average price of $187.27. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 1.85 and a beta of 1.04. Federal Agricultural Mortgage Co. has a twelve month low of $161.72 and a twelve month high of $217.60.

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 analysts’ consensus estimates of $4.14 by ($0.04). Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. The firm had revenue of $411.40 million for the quarter, compared to analyst estimates of $92.15 million. During the same quarter in the previous year, the firm posted $4.13 EPS. On average, equities analysts predict that Federal Agricultural Mortgage Co. will post 15.85 earnings per share 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 paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $5.60 annualized dividend and a yield of 2.74%. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.01%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reaffirmed 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.

Hedge Funds Weigh In On Federal Agricultural Mortgage

A number of hedge funds have recently modified their holdings of AGM. nVerses Capital LLC purchased a new position in shares of Federal Agricultural Mortgage during the 2nd quarter worth approximately $36,000. Point72 DIFC Ltd raised its stake in Federal Agricultural Mortgage by 180.0% during the third quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock worth $68,000 after purchasing an additional 234 shares during the period. Fifth Third Bancorp grew its holdings in shares of Federal Agricultural Mortgage by 160.5% during the 2nd quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock worth $94,000 after purchasing an additional 321 shares during the period. Ridgewood Investments LLC purchased a new position in Federal Agricultural Mortgage in the second quarter valued at about $108,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Federal Agricultural Mortgage during the second quarter worth $181,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

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.