Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report) CFO Aparna Ramesh sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $201.86, for a total value of $201,860.00. Following the transaction, the chief financial officer now directly owns 9,242 shares in the company, valued at $1,865,590.12. The trade was a 9.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Federal Agricultural Mortgage Stock Up 0.5 %
Federal Agricultural Mortgage stock opened at $204.28 on Wednesday. The firm has a 50 day moving average price of $197.07 and a two-hundred day moving average price of $195.65. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. Federal Agricultural Mortgage Co. has a 52-week low of $169.17 and a 52-week high of $217.60. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.69 and a beta of 1.08.
Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.46. The business had revenue of $101.26 million for the quarter, compared to analyst estimates of $92.81 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. During the same quarter in the previous year, the business earned $4.10 earnings per share. Equities analysts predict that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current year.
Federal Agricultural Mortgage Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.50 per share. This is a positive change from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.00 annualized dividend and a dividend yield of 2.94%. Federal Agricultural Mortgage's dividend payout ratio is presently 36.47%.
Institutional Investors Weigh In On Federal Agricultural Mortgage
Several large investors have recently added to or reduced their stakes in the business. Boston Partners boosted its holdings in shares of Federal Agricultural Mortgage by 3.8% during the 4th quarter. Boston Partners now owns 415,716 shares of the credit services provider's stock worth $81,813,000 after buying an additional 15,140 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Federal Agricultural Mortgage by 1,589.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider's stock valued at $70,114,000 after acquiring an additional 334,928 shares during the period. Principal Financial Group Inc. boosted its stake in 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 worth $65,777,000 after acquiring an additional 14,274 shares in the last quarter. Copeland Capital Management LLC boosted its stake in Federal Agricultural Mortgage by 2.5% during the fourth quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider's stock worth $58,654,000 after acquiring an additional 7,283 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in Federal Agricultural Mortgage by 12.4% in the fourth quarter. Captrust Financial Advisors now owns 255,198 shares of the credit services provider's stock worth $50,261,000 after purchasing an additional 28,215 shares during the period. Institutional investors and hedge funds own 68.03% of the company's stock.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods raised their price objective on 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.
Get Our Latest Stock Analysis on Federal Agricultural Mortgage
Federal Agricultural Mortgage Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
