Federal Agricultural Mortgage Co. (NYSE:AGM) Director Chester J. Culver Sells 100 Shares of Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Chester J. Culver sold 100 shares of Federal Agricultural Mortgage stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $164.93, for a total value of $16,493.00. Following the completion of the transaction, the director now directly owns 2,759 shares in the company, valued at approximately $455,041.87. The sale was disclosed in a document filed with the SEC, which is available at this link.

Federal Agricultural Mortgage Trading Up 0.0 %

Shares of NYSE AGM opened at $165.66 on Friday. Federal Agricultural Mortgage Co. has a one year low of $97.76 and a one year high of $180.16. The firm has a market capitalization of $1.79 billion, a PE ratio of 11.89 and a beta of 1.06. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.63. The business has a 50-day moving average price of $164.32 and a two-hundred day moving average price of $146.14.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Monday, August 7th. The credit services provider reported $3.86 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.76. Federal Agricultural Mortgage had a return on equity of 21.97% and a net margin of 15.69%. The firm had revenue of $84.55 million during the quarter, compared to analyst estimates of $77.32 million. As a group, analysts predict that Federal Agricultural Mortgage Co. will post 14.93 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.66%. Federal Agricultural Mortgage’s payout ratio is 31.59%.

Analyst Upgrades and Downgrades

AGM has been the topic of a number of analyst reports. Keefe, Bruyette & Woods started coverage on Federal Agricultural Mortgage in a research note on Tuesday, September 5th. They issued an “outperform” rating on the stock. StockNews.com started coverage on Federal Agricultural Mortgage in a research report on Thursday, August 17th. They set a “hold” rating for the company.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Several large investors have recently made changes to their positions in AGM. Fifth Third Bancorp bought a new stake in Federal Agricultural Mortgage in the second quarter worth approximately $33,000. Parkside Financial Bank & Trust grew its position in Federal Agricultural Mortgage by 51.0% in the first quarter. Parkside Financial Bank & Trust now owns 506 shares of the credit services provider’s stock worth $67,000 after acquiring an additional 171 shares in the last quarter. Point72 Middle East FZE bought a new stake in Federal Agricultural Mortgage in the fourth quarter worth approximately $59,000. Ridgewood Investments LLC bought a new stake in Federal Agricultural Mortgage in the first quarter worth approximately $80,000. Finally, Ensign Peak Advisors Inc bought a new stake in Federal Agricultural Mortgage in the third quarter worth approximately $63,000. Institutional investors own 66.46% 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 Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy segments. 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.