Federal Agricultural Mortgage Co. (NYSE:AGM – Get Free Report) 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 – Get Free Report) 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
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.
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