Aparna Ramesh Sells 1,000 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) Stock

Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report) CFO Aparna Ramesh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $201.86, for a total transaction of $201,860.00. Following the completion of the transaction, the chief financial officer now directly owns 9,242 shares in the company, valued at approximately $1,865,590.12. This represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Federal Agricultural Mortgage Trading Down 0.6 %

NYSE:AGM traded down $1.29 during mid-day trading on Friday, hitting $200.73. 43,948 shares of the company's stock were exchanged, compared to its average volume of 45,157. The company has a 50 day simple moving average of $197.36 and a 200-day simple moving average of $195.89. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60. The firm has a market capitalization of $2.19 billion, a P/E ratio of 12.20, a PEG ratio of 1.69 and a beta of 1.08.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, topping the consensus estimate of $4.17 by $0.46. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. The business had revenue of $101.26 million for the quarter, compared to the consensus estimate of $92.81 million. During the same period last year, the company earned $4.10 EPS. As a group, research analysts expect that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

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Federal Agricultural Mortgage Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $1.50 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.99%. This is an increase from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. Federal Agricultural Mortgage's payout ratio is 36.47%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their target price on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a "market perform" rating in a report on Monday, February 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. acquired a new position in shares of Federal Agricultural Mortgage in the 4th quarter worth approximately $25,000. Point72 DIFC Ltd lifted its position in shares of Federal Agricultural Mortgage by 180.0% in the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider's stock worth $68,000 after purchasing an additional 234 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Federal Agricultural Mortgage in the 4th quarter worth approximately $100,000. Parkside Financial Bank & Trust lifted its position in shares of Federal Agricultural Mortgage by 7.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider's stock worth $198,000 after purchasing an additional 66 shares during the period. Finally, US Bancorp DE lifted its position in shares of Federal Agricultural Mortgage by 7.3% in the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider's stock worth $207,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds 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.