Chester J. Culver Sells 125 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Chester J. Culver sold 125 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $184.46, for a total value of $23,057.50. Following the sale, the director now owns 2,681 shares of the company’s stock, valued at $494,537.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Federal Agricultural Mortgage Trading Up 1.8 %

Federal Agricultural Mortgage stock opened at $188.20 on Friday. Federal Agricultural Mortgage Co. has a one year low of $140.44 and a one year high of $217.60. The stock has a market cap of $2.05 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a 50-day moving average of $193.15 and a two-hundred day moving average of $186.19.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Monday, August 5th. The credit services provider reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. The company had revenue of $406.23 million during the quarter, compared to analyst estimates of $91.77 million. During the same quarter last year, the business earned $3.86 earnings per share. On average, research analysts anticipate that Federal Agricultural Mortgage Co. will post 16.19 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Monday, September 16th. Federal Agricultural Mortgage’s dividend payout ratio is presently 34.15%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $215.00 target price on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Large investors have recently bought and sold shares of the company. Riverwater Partners LLC lifted its position in Federal Agricultural Mortgage by 0.9% during the first quarter. Riverwater Partners LLC now owns 11,476 shares of the credit services provider’s stock valued at $2,259,000 after purchasing an additional 104 shares during the period. Inspire Investing LLC boosted its stake in shares of Federal Agricultural Mortgage by 6.9% in the second quarter. Inspire Investing LLC now owns 1,962 shares of the credit services provider’s stock worth $355,000 after buying an additional 126 shares during the last quarter. SG Americas Securities LLC grew its holdings in Federal Agricultural Mortgage by 9.8% during the second quarter. SG Americas Securities LLC now owns 1,439 shares of the credit services provider’s stock worth $260,000 after acquiring an additional 128 shares during the period. ProShare Advisors LLC increased its holdings in shares of Federal Agricultural Mortgage by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 1,640 shares of the credit services provider’s stock valued at $323,000 after purchasing an additional 129 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Federal Agricultural Mortgage by 194.2% during the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock worth $40,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

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.