Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report) Director Robert G. Sexton purchased 1,000 shares of Federal Agricultural Mortgage stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $195.62 per share, with a total value of $195,620.00. Following the transaction, the director now directly owns 13,517 shares in the company, valued at $2,644,195.54. This trade represents a 7.99 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Federal Agricultural Mortgage Stock Performance
Shares of AGM stock opened at $190.68 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60. The stock's 50-day moving average is $197.12 and its two-hundred day moving average is $196.06. The firm has a market cap of $2.08 billion, a P/E ratio of 11.59, a PEG ratio of 1.69 and a beta of 1.11.
Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.46. The company had revenue of $101.26 million for the quarter, compared to analyst estimates of $92.81 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. During the same period in the prior year, the firm posted $4.10 EPS. Analysts predict that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.
Federal Agricultural Mortgage Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. Federal Agricultural Mortgage's dividend payout ratio is 36.47%.
Hedge Funds Weigh In On Federal Agricultural Mortgage
Several large investors have recently added to or reduced their stakes in AGM. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Federal Agricultural Mortgage in the 4th quarter worth approximately $3,102,000. Jefferies Financial Group Inc. bought a new position in Federal Agricultural Mortgage during the fourth quarter worth about $852,000. Pullen Investment Management LLC boosted its position in shares of Federal Agricultural Mortgage by 29.0% during the fourth quarter. Pullen Investment Management LLC now owns 16,013 shares of the credit services provider's stock worth $3,154,000 after buying an additional 3,597 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Federal Agricultural Mortgage by 7.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,613 shares of the credit services provider's stock worth $3,863,000 after buying an additional 1,417 shares during the period. Finally, Snowden Capital Advisors LLC raised its holdings in Federal Agricultural Mortgage by 9.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,293 shares of the credit services provider's stock worth $649,000 after acquiring an additional 282 shares in the last quarter. Institutional investors and hedge funds own 68.03% of the company's stock.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods boosted their target price 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.
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