Mitchell A. Johnson Sells 1,500 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 1,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $204.69, for a total value of $307,035.00. Following the transaction, the director now directly owns 11,060 shares in the company, valued at $2,263,871.40. This represents a 11.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Federal Agricultural Mortgage Price Performance

Shares of NYSE AGM opened at $205.09 on Friday. The firm has a market capitalization of $2.23 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.85 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. The stock’s 50-day simple moving average is $190.68 and its two-hundred day simple moving average is $187.27. Federal Agricultural Mortgage Co. has a twelve month low of $161.72 and a twelve month high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last announced 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). The business had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. During the same quarter in the prior year, the company earned $4.13 earnings per share. As a group, equities analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s payout ratio is currently 36.01%.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors purchased a new position in shares of Federal Agricultural Mortgage in the 1st quarter worth about $24,137,000. Boston Partners boosted its holdings in shares of 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. American Century Companies Inc. boosted its holdings in shares of Federal Agricultural Mortgage by 25.7% in the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock worth $32,187,000 after purchasing an additional 36,380 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of Federal Agricultural Mortgage by 141.8% in the 3rd quarter. Quest Partners LLC now owns 5,022 shares of the credit services provider’s stock worth $941,000 after purchasing an additional 2,945 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of 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. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.