Mitchell A. Johnson Sells 1,000 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $208.00, for a total transaction of $208,000.00. Following the completion of the sale, the director now directly owns 14,060 shares of the company’s stock, valued at approximately $2,924,480. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Federal Agricultural Mortgage Stock Performance

Federal Agricultural Mortgage stock opened at $210.33 on Thursday. The company has a 50 day moving average price of $188.14 and a 200-day moving average price of $186.64. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. Federal Agricultural Mortgage Co. has a fifty-two week low of $160.94 and a fifty-two week high of $217.60. The company has a market capitalization of $2.29 billion, a PE ratio of 13.53, a P/E/G ratio of 1.91 and a beta of 1.04.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. The company had revenue of $411.40 million for the quarter, compared to the consensus estimate of $92.15 million. During the same period in the prior year, the firm posted $4.13 EPS. As a group, equities analysts forecast that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s payout ratio is 36.01%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reissued 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

Several institutional investors have recently bought and sold shares of the business. Atria Investments Inc increased its holdings in Federal Agricultural Mortgage by 0.7% during the third quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider’s stock valued at $1,637,000 after buying an additional 57 shares during the period. Victory Capital Management Inc. increased its holdings in Federal Agricultural Mortgage by 1.8% during the third quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock valued at $724,000 after buying an additional 70 shares during the period. US Bancorp DE increased its holdings in Federal Agricultural Mortgage by 7.3% during the third quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock valued at $207,000 after buying an additional 75 shares during the period. Moors & Cabot Inc. increased its holdings in Federal Agricultural Mortgage by 7.8% during the third quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider’s stock valued at $237,000 after buying an additional 92 shares during the period. Finally, nVerses Capital LLC increased its holdings in Federal Agricultural Mortgage by 50.0% during the third quarter. nVerses Capital LLC now owns 300 shares of the credit services provider’s stock valued at $56,000 after buying an additional 100 shares during the period. 68.03% of the stock is 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.