Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $194.00 and traded as high as $197.18. Federal Agricultural Mortgage shares last traded at $191.55, with a volume of 28,675 shares changing hands.
Federal Agricultural Mortgage Trading Down 2.5 %
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 firm's 50 day moving average is $203.66 and its two-hundred day moving average is $194.08. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09.
Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly 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 company had revenue of $411.40 million for the quarter, compared to analyst estimates 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 previous year, the company posted $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 Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Monday, December 16th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is 36.01%.
Insider Buying and Selling
In related news, CEO Bradford T. Nordholm sold 5,073 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total value of $1,082,426.01. Following the sale, the chief executive officer now directly owns 41,104 shares in the company, valued at $8,770,360.48. This trade represents a 10.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mitchell A. Johnson sold 1,500 shares of the business's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $204.69, for a total value of $307,035.00. Following the transaction, the director now owns 11,060 shares of the company's stock, valued at $2,263,871.40. This trade represents a 11.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,573 shares of company stock valued at $1,808,561 in the last quarter. Company insiders own 2.21% of the company's stock.
Hedge Funds Weigh In On Federal Agricultural Mortgage
Several large investors have recently bought and sold shares of AGM. Thrivent Financial for Lutherans acquired a new stake in shares of Federal Agricultural Mortgage in the third quarter valued at $3,949,000. Quest Partners LLC boosted its position in shares of Federal Agricultural Mortgage by 141.8% during the 3rd quarter. Quest Partners LLC now owns 5,022 shares of the credit services provider's stock valued at $941,000 after purchasing an additional 2,945 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Federal Agricultural Mortgage by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider's stock valued at $20,145,000 after purchasing an additional 6,444 shares in the last quarter. American Century Companies Inc. raised 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. Finally, Barclays PLC raised its holdings in shares of Federal Agricultural Mortgage by 181.7% in the 3rd quarter. Barclays PLC now owns 18,172 shares of the credit services provider's stock worth $3,405,000 after purchasing an additional 11,721 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company's stock.
About Federal Agricultural Mortgage
(
Get Free Report)
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.
Featured Stories
Before you consider Federal Agricultural Mortgage, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Federal Agricultural Mortgage wasn't on the list.
While Federal Agricultural Mortgage currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
