Federal Agricultural Mortgage Co. (NYSE:AGM) CEO Sells $1,082,426.01 in Stock

Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report) CEO Bradford T. Nordholm sold 5,073 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the completion of the transaction, the chief executive officer now owns 41,104 shares of the company's stock, valued at $8,770,360.48. This trade represents a 10.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Federal Agricultural Mortgage Stock Up 0.5 %

Shares of AGM stock traded up $0.97 on Friday, hitting $213.80. 38,987 shares of the stock were exchanged, compared to its average volume of 53,478. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $2.33 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. Federal Agricultural Mortgage Co. has a fifty-two week low of $165.50 and a fifty-two week high of $217.60. The business has a 50-day moving average of $196.08 and a 200 day moving average of $189.49.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. The business 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 business earned $4.13 earnings per share. Equities analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Monday, December 16th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is presently 36.01%.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several institutional investors and hedge funds have recently modified their holdings of the stock. nVerses Capital LLC acquired a new stake in Federal Agricultural Mortgage during the second quarter worth approximately $36,000. Point72 DIFC Ltd boosted its stake in Federal Agricultural Mortgage by 180.0% in the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider's stock valued at $68,000 after purchasing an additional 234 shares during the period. Fifth Third Bancorp grew its holdings in Federal Agricultural Mortgage by 160.5% in the 2nd quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider's stock valued at $94,000 after buying an additional 321 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Federal Agricultural Mortgage during the second quarter worth $108,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Federal Agricultural Mortgage in the second quarter valued at about $181,000. 68.03% 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: 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.