Bancorporation National Zions Sells 10,000 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) major shareholder Bancorporation National Zions sold 10,000 shares of the business’s stock in a transaction dated Friday, November 20th. The shares were sold at an average price of $67.25, for a total transaction of $672,500.00. Following the completion of the transaction, the insider now owns 510,000 shares in the company, valued at approximately $34,297,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Bancorporation National Zions also recently made the following trade(s):

  • On Wednesday, November 18th, Bancorporation National Zions sold 10,000 shares of Federal Agricultural Mortgage stock. The shares were sold at an average price of $69.28, for a total transaction of $692,800.00.
  • On Monday, November 16th, Bancorporation National Zions sold 10,000 shares of Federal Agricultural Mortgage stock. The shares were sold at an average price of $69.91, for a total transaction of $699,100.00.
  • On Friday, November 13th, Bancorporation National Zions sold 10,000 shares of Federal Agricultural Mortgage stock. The shares were sold at an average price of $67.24, for a total transaction of $672,400.00.
  • On Wednesday, November 11th, Bancorporation National Zions sold 10,000 shares of Federal Agricultural Mortgage stock. The shares were sold at an average price of $68.56, for a total transaction of $685,600.00.
  • On Monday, November 9th, Bancorporation National Zions sold 10,000 shares of Federal Agricultural Mortgage stock. The shares were sold at an average price of $69.15, for a total transaction of $691,500.00.
  • On Friday, November 6th, Bancorporation National Zions sold 17,247 shares of Federal Agricultural Mortgage stock. The shares were sold at an average price of $65.20, for a total transaction of $1,124,504.40.
  • On Wednesday, November 4th, Bancorporation National Zions sold 14,854 shares of Federal Agricultural Mortgage stock. The shares were sold at an average price of $64.93, for a total transaction of $964,470.22.
  • On Monday, November 2nd, Bancorporation National Zions sold 15,086 shares of Federal Agricultural Mortgage stock. The shares were sold at an average price of $66.02, for a total transaction of $995,977.72.
  • On Monday, October 26th, Bancorporation National Zions sold 10,000 shares of Federal Agricultural Mortgage stock. The shares were sold at an average price of $68.36, for a total transaction of $683,600.00.
  • On Friday, October 23rd, Bancorporation National Zions sold 10,000 shares of Federal Agricultural Mortgage stock. The shares were sold at an average price of $69.35, for a total transaction of $693,500.00.

Shares of AGM opened at $67.66 on Friday. The firm’s 50-day moving average price is $67.26 and its 200-day moving average price is $65.24. The firm has a market capitalization of $726.40 million, a price-to-earnings ratio of 8.21 and a beta of 1.12. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.34. Federal Agricultural Mortgage Co. has a 1-year low of $40.05 and a 1-year high of $87.00.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Saturday, November 14th. The credit services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.25 by $0.32. Federal Agricultural Mortgage had a net margin of 18.82% and a return on equity of 21.92%.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Monday, December 14th.

A number of large investors have recently bought and sold shares of AGM. State Street Corp boosted its stake in Federal Agricultural Mortgage by 1.5% during the first quarter. State Street Corp now owns 192,868 shares of the credit services provider’s stock worth $10,729,000 after acquiring an additional 2,893 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Federal Agricultural Mortgage by 14.8% during the second quarter. Envestnet Asset Management Inc. now owns 34,675 shares of the credit services provider’s stock worth $2,220,000 after acquiring an additional 4,469 shares in the last quarter. SG Americas Securities LLC boosted its stake in Federal Agricultural Mortgage by 67.0% during the second quarter. SG Americas Securities LLC now owns 5,223 shares of the credit services provider’s stock worth $334,000 after acquiring an additional 2,095 shares in the last quarter. CWM LLC boosted its stake in Federal Agricultural Mortgage by 10.0% during the second quarter. CWM LLC now owns 2,200 shares of the credit services provider’s stock worth $141,000 after acquiring an additional 200 shares in the last quarter. Finally, James Investment Research Inc. boosted its stake in Federal Agricultural Mortgage by 8.3% during the second quarter. James Investment Research Inc. now owns 9,445 shares of the credit services provider’s stock worth $605,000 after acquiring an additional 725 shares in the last quarter. 55.47% 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: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.

See Also: Technical Analysis

Insider Buying and Selling by Quarter for Federal Agricultural Mortgage (NYSE:AGM)

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