Federal Agricultural Mortgage Co. (NYSE:AGM) Major Shareholder Sells $692,800.00 in 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 Wednesday, November 18th. The stock was sold at an average price of $69.28, for a total transaction of $692,800.00. Following the sale, the insider now directly owns 530,000 shares in the company, valued at approximately $36,718,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Friday, November 20th, Bancorporation National Zions sold 10,000 shares of Federal Agricultural Mortgage stock. The stock was sold at an average price of $67.25, for a total transaction of $672,500.00.
  • On Monday, November 16th, Bancorporation National Zions sold 10,000 shares of Federal Agricultural Mortgage stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $69.35, for a total transaction of $693,500.00.

Shares of Federal Agricultural Mortgage stock opened at $67.66 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market capitalization of $726.40 million, a PE ratio of 8.21 and a beta of 1.12. Federal Agricultural Mortgage Co. has a 52-week low of $40.05 and a 52-week high of $87.00. The company has a 50-day simple moving average of $67.26 and a two-hundred day simple moving average of $65.24.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Saturday, November 14th. The credit services provider reported $2.57 earnings per share for the quarter, beating 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $3.20 annualized dividend and a dividend yield of 4.73%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGM. Charles Schwab Investment Management Inc. raised its holdings in shares of Federal Agricultural Mortgage by 112.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 142,782 shares of the credit services provider’s stock valued at $9,140,000 after purchasing an additional 75,478 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Federal Agricultural Mortgage by 18.4% during the third quarter. Principal Financial Group Inc. now owns 422,653 shares of the credit services provider’s stock valued at $26,905,000 after purchasing an additional 65,627 shares during the last quarter. Copeland Capital Management LLC raised its holdings in shares of Federal Agricultural Mortgage by 10.0% during the third quarter. Copeland Capital Management LLC now owns 281,132 shares of the credit services provider’s stock valued at $17,897,000 after purchasing an additional 25,561 shares during the last quarter. Foundry Partners LLC purchased a new position in shares of Federal Agricultural Mortgage during the second quarter valued at approximately $1,440,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Federal Agricultural Mortgage during the second quarter valued at approximately $781,000. 55.47% 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: 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.

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

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