Federal Agricultural Mortgage Co. (NYSE:AGM) CFO Aparna Ramesh Sells 1,000 Shares

Federal Agricultural Mortgage Co. (NYSE:AGM) CFO Aparna Ramesh sold 1,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total value of $201,860.00. Following the completion of the transaction, the chief financial officer now directly owns 9,242 shares in the company, valued at approximately $1,865,590.12. This represents a 9.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Federal Agricultural Mortgage Price Performance

Shares of NYSE:AGM opened at $201.88 on Friday. The firm has a 50 day moving average of $197.29 and a 200-day moving average of $195.85. The stock has a market capitalization of $2.20 billion, a PE ratio of 12.27, a PEG ratio of 1.69 and a beta of 1.08. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a 12 month low of $169.17 and a 12 month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.17 by $0.46. The company had revenue of $101.26 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $4.10 EPS. On average, equities research analysts predict that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $1.50 dividend. 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. This represents a $6.00 annualized dividend and a dividend yield of 2.97%. Federal Agricultural Mortgage’s payout ratio is presently 36.47%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their target price on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a “market perform” rating in a report on Monday, February 24th.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several hedge funds and other institutional investors have recently made changes to their positions in AGM. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Federal Agricultural Mortgage during the 4th quarter valued at approximately $3,102,000. Jefferies Financial Group Inc. bought a new stake in shares of Federal Agricultural Mortgage during the 4th quarter valued at approximately $852,000. Pullen Investment Management LLC grew its holdings in shares of Federal Agricultural Mortgage by 29.0% during the 4th quarter. Pullen Investment Management LLC now owns 16,013 shares of the credit services provider’s stock valued at $3,154,000 after purchasing an additional 3,597 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Federal Agricultural Mortgage by 7.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,613 shares of the credit services provider’s stock valued at $3,863,000 after purchasing an additional 1,417 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its holdings in shares of Federal Agricultural Mortgage by 9.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 3,293 shares of the credit services provider’s stock valued at $649,000 after purchasing an additional 282 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

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.