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 the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total value of $513,025.00. Following the sale, the director now owns 8,644 shares in the company, valued at approximately $1,773,835.24. This represents a 22.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Federal Agricultural Mortgage Stock Performance

Shares of NYSE AGM opened at $209.13 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58. The firm’s 50-day moving average price is $196.94 and its 200-day moving average price is $195.39. Federal Agricultural Mortgage Co. has a 52-week low of $169.17 and a 52-week high of $217.60. The company has a market cap of $2.28 billion, a PE ratio of 12.71, a PEG ratio of 1.69 and a beta of 1.08.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Friday, February 21st. The credit services provider reported $4.63 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 net margin of 12.75% and a return on equity of 19.43%. During the same quarter in the previous year, the firm posted $4.10 EPS. As a group, analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently disclosed 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 represents a $6.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. Federal Agricultural Mortgage’s dividend payout ratio is 36.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning lifted its stake in shares of Federal Agricultural Mortgage by 8.0% in the 3rd quarter. Creative Planning now owns 5,563 shares of the credit services provider’s stock worth $1,043,000 after purchasing an additional 410 shares during the period. US Bancorp DE raised its position in Federal Agricultural Mortgage by 7.3% in the third quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock worth $207,000 after acquiring an additional 75 shares during the period. Rice Hall James & Associates LLC boosted its stake in shares of Federal Agricultural Mortgage by 10.6% during the 3rd quarter. Rice Hall James & Associates LLC now owns 172,129 shares of the credit services provider’s stock worth $32,259,000 after acquiring an additional 16,487 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Federal Agricultural Mortgage by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock valued at $59,911,000 after acquiring an additional 29,917 shares during the period. Finally, Atria Investments Inc increased its stake in shares of Federal Agricultural Mortgage by 0.7% in the 3rd quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider’s stock worth $1,637,000 after purchasing an additional 57 shares in the last quarter. 68.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price objective on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a “market perform” rating in a research report 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.