Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $88.85, for a total transaction of $88,850.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Mitchell A. Johnson also recently made the following trade(s):
- On Wednesday, May 16th, Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock. The stock was sold at an average price of $89.72, for a total transaction of $224,300.00.
Shares of Federal Agricultural Mortgage traded down $0.98, reaching $90.71, on Friday, MarketBeat Ratings reports. The company had a trading volume of 28,350 shares, compared to its average volume of 30,015. The company has a market capitalization of $976.50 million, a price-to-earnings ratio of 13.62 and a beta of 1.18. Federal Agricultural Mortgage Co. has a 52-week low of $58.17 and a 52-week high of $92.71. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.73 and a current ratio of 0.73.
Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Thursday, March 8th. The credit services provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.14. The business had revenue of $43.96 million for the quarter. Federal Agricultural Mortgage had a net margin of 19.89% and a return on equity of 15.77%.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Thursday, June 14th.
A number of equities analysts have commented on AGM shares. Keefe, Bruyette & Woods set a $93.00 target price on shares of Federal Agricultural Mortgage and gave the stock a “hold” rating in a research note on Wednesday, March 14th. ValuEngine raised shares of Federal Agricultural Mortgage from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Sidoti raised shares of Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $93.50.
Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at approximately $208,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Federal Agricultural Mortgage in the 1st quarter valued at approximately $239,000. Teacher Retirement System of Texas purchased a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at approximately $243,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Federal Agricultural Mortgage in the 1st quarter valued at approximately $284,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at approximately $313,000. 64.69% of the stock is currently owned by institutional investors and hedge funds.
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: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans.
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