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

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 1,000 shares of the company’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 $2,924,480. The trade was a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Federal Agricultural Mortgage Stock Down 1.2 %

Federal Agricultural Mortgage stock opened at $207.79 on Friday. Federal Agricultural Mortgage Co. has a twelve month low of $161.72 and a twelve month high of $217.60. The firm has a 50 day moving average price of $188.54 and a 200-day moving average price of $186.79. The company has a market capitalization of $2.26 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.90 and a beta of 1.04. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.58.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 company earned $4.13 earnings per share. As a group, equities analysts predict that Federal Agricultural Mortgage Co. will post 15.85 EPS 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 $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 36.01%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners lifted its stake in Federal Agricultural Mortgage by 8.1% in the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock worth $95,435,000 after purchasing an additional 36,560 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Federal Agricultural Mortgage by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock worth $59,911,000 after purchasing an additional 29,917 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Federal Agricultural Mortgage by 10.0% during the 3rd quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider’s stock valued at $42,539,000 after buying an additional 20,603 shares in the last quarter. American Century Companies Inc. raised its position in shares of Federal Agricultural Mortgage by 25.7% during the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock valued at $32,187,000 after buying an additional 36,380 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its position in shares of Federal Agricultural Mortgage by 10.6% during the 3rd quarter. Rice Hall James & Associates LLC now owns 172,129 shares of the credit services provider’s stock valued at $32,259,000 after buying an additional 16,487 shares in the last quarter. 68.03% of the stock is owned by institutional investors.

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.