Federal Agricultural Mortgage Co. (NYSE:AGM) Director Sells $67,291.00 in Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Sara Louise Faivre-Davis sold 350 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $192.26, for a total value of $67,291.00. Following the sale, the director now owns 1,751 shares in the company, valued at $336,647.26. The trade was a 16.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Federal Agricultural Mortgage Stock Down 1.2%

Shares of AGM opened at $194.06 on Friday. Federal Agricultural Mortgage Co. has a 1 year low of $159.64 and a 1 year high of $217.60. 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 50 day simple moving average of $181.76 and a two-hundred day simple moving average of $194.34. The firm has a market cap of $2.12 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.69 and a beta of 0.97.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Friday, May 9th. The credit services provider reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.00 by $0.19. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. The company had revenue of $96.79 million during the quarter, compared to analysts’ expectations of $94.33 million. On average, analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.00 annualized dividend and a yield of 3.09%. Federal Agricultural Mortgage’s payout ratio is 37.08%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Global Alpha Capital Management Ltd. lifted its stake in shares of Federal Agricultural Mortgage by 22.9% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 14,036 shares of the credit services provider’s stock valued at $2,764,000 after acquiring an additional 2,611 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Federal Agricultural Mortgage in the fourth quarter valued at approximately $2,289,000. Barclays PLC lifted its position in Federal Agricultural Mortgage by 181.7% in the third quarter. Barclays PLC now owns 18,172 shares of the credit services provider’s stock valued at $3,405,000 after purchasing an additional 11,721 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Federal Agricultural Mortgage by 4.5% during the fourth quarter. Principal Financial Group Inc. now owns 333,975 shares of the credit services provider’s stock valued at $65,777,000 after purchasing an additional 14,274 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Federal Agricultural Mortgage by 11.1% in the fourth quarter. Wells Fargo & Company MN now owns 63,206 shares of the credit services provider’s stock worth $12,448,000 after purchasing an additional 6,317 shares during the last quarter. 68.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $215.00 price objective (down from $230.00) on shares of Federal Agricultural Mortgage in a research report on Monday, May 12th.

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.