Federal Agricultural Mortgage (NYSE:AGM) Stock Price Down 2.6% - What's Next?

Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report)'s share price traded down 2.6% during trading on Thursday . The company traded as low as $188.76 and last traded at $193.41. 57,044 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 52,547 shares. The stock had previously closed at $198.55.

Federal Agricultural Mortgage Stock Down 0.1 %

The stock has a market cap of $2.16 billion, a PE ratio of 12.75, a PEG ratio of 1.95 and a beta of 1.07. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The company has a 50 day moving average price of $202.27 and a two-hundred day moving average price of $192.63.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued 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 analysts' expectations 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 period last year, the firm posted $4.13 EPS. Analysts expect that Federal Agricultural Mortgage Co. will post 15.85 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced 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 2.82%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage's dividend payout ratio is currently 36.01%.

Insider Buying and Selling at Federal Agricultural Mortgage

In related news, Director Mitchell A. Johnson sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $208.00, for a total value of $208,000.00. Following the transaction, the director now owns 14,060 shares of the company's stock, valued at approximately $2,924,480. This trade represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the chief executive officer now directly owns 41,104 shares of the company's stock, valued at approximately $8,770,360.48. This represents a 10.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,573 shares of company stock worth $1,808,561. Insiders own 2.21% of the company's stock.

Institutional Trading of Federal Agricultural Mortgage

Hedge funds and other institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC bought a new position in shares of Federal Agricultural Mortgage during the 2nd quarter valued at approximately $36,000. Point72 DIFC Ltd raised its position in shares of Federal Agricultural Mortgage by 180.0% during 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. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Federal Agricultural Mortgage during the 2nd quarter valued at $181,000. US Bancorp DE boosted its holdings in 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 buying an additional 75 shares during the period. Finally, NBC Securities Inc. increased its stake in Federal Agricultural Mortgage by 4,182.1% in the 3rd quarter. NBC Securities Inc. now owns 1,199 shares of the credit services provider's stock worth $224,000 after buying an additional 1,171 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company's stock.

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.