Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report) Director Robert G. Sexton bought 1,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $195.62 per share, with a total value of $195,620.00. Following the acquisition, the director now directly owns 13,517 shares of the company's stock, valued at approximately $2,644,195.54. This represents a 7.99 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Federal Agricultural Mortgage Trading Down 0.4 %
Shares of AGM traded down $0.82 during mid-day trading on Monday, reaching $194.39. The stock had a trading volume of 45,458 shares, compared to its average volume of 43,249. The business's fifty day moving average is $197.09 and its 200 day moving average is $196.06. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 1.69 and a beta of 1.11. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.17 by $0.46. The company had revenue of $101.26 million for the quarter, compared to analyst estimates 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 previous year, the company earned $4.10 earnings per share. On average, sell-side analysts predict that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.
Federal Agricultural Mortgage Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 3.09%. Federal Agricultural Mortgage's dividend payout ratio is 36.47%.
Institutional Trading of Federal Agricultural Mortgage
A number of large investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans acquired a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter valued at $3,949,000. Global Alpha Capital Management Ltd. increased its stake in Federal Agricultural Mortgage by 22.9% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 14,036 shares of the credit services provider's stock valued at $2,764,000 after purchasing an additional 2,611 shares during the last quarter. Quest Partners LLC increased its stake in Federal Agricultural Mortgage by 141.8% in the third 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Federal Agricultural Mortgage by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider's stock worth $20,145,000 after purchasing an additional 6,444 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Federal Agricultural Mortgage by 181.7% during the 3rd quarter. Barclays PLC now owns 18,172 shares of the credit services provider's stock worth $3,405,000 after buying an additional 11,721 shares during the last quarter. Hedge funds and other institutional investors own 68.03% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods boosted their price target on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a "market perform" rating in a research report on Monday, February 24th.
View Our Latest Stock Analysis on AGM
About Federal Agricultural Mortgage
(
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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.
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