Mitchell A. Johnson Sells 2,500 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) Stock

Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report) Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total value of $513,025.00. Following the transaction, the director now owns 8,644 shares of the company's stock, valued at $1,773,835.24. This represents a 22.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Federal Agricultural Mortgage Price Performance

Shares of AGM stock traded down $5.55 during trading hours on Monday, hitting $203.52. 41,688 shares of the company's stock were exchanged, compared to its average volume of 34,695. The stock's 50-day moving average is $196.94 and its 200-day moving average is $195.50. 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 stock has a market cap of $2.22 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. Federal Agricultural Mortgage Co. has a 52 week low of $169.17 and a 52 week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced 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. The company had revenue of $101.26 million for the quarter, compared to analysts' expectations of $92.81 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. During the same quarter in the prior year, the business earned $4.10 earnings per share. As a group, research analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 EPS 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. Investors of record on Friday, March 14th will be issued a $1.50 dividend. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.00 annualized dividend and a yield of 2.95%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is currently 36.47%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price objective on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a "market perform" rating in a research note on Monday, February 24th.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several hedge funds have recently added to or reduced their stakes in AGM. Atria Investments Inc boosted its holdings in Federal Agricultural Mortgage by 0.7% during the third quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider's stock worth $1,637,000 after buying an additional 57 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Federal Agricultural Mortgage by 7.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider's stock worth $198,000 after buying an additional 66 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Federal Agricultural Mortgage by 1.8% during the third quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider's stock worth $724,000 after buying an additional 70 shares during the last quarter. US Bancorp DE raised its position in shares of Federal Agricultural Mortgage by 7.3% during the third 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. Finally, Westover Capital Advisors LLC raised its position in shares of Federal Agricultural Mortgage by 1.2% during the fourth quarter. Westover Capital Advisors LLC now owns 6,507 shares of the credit services provider's stock worth $1,282,000 after purchasing an additional 75 shares during the period. Institutional investors 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.