Mitchell A. Johnson Sells 2,500 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total transaction of $513,025.00. Following the completion of the sale, the director now owns 8,644 shares in the company, valued at $1,773,835.24. This represents a 22.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Federal Agricultural Mortgage Stock Up 0.0 %

AGM stock opened at $203.03 on Friday. The company’s 50 day simple moving average is $196.75 and its 200-day simple moving average is $195.07. The firm has a market capitalization of $2.21 billion, a PE ratio of 12.34, a P/E/G ratio of 1.69 and a beta of 1.08. Federal Agricultural Mortgage Co. has a 12 month low of $169.17 and a 12 month 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.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data 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 the consensus estimate 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 prior year, the firm posted $4.10 earnings per share. Equities analysts expect that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $1.50 per share. This is an increase 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 2.96%. Federal Agricultural Mortgage’s dividend payout ratio is presently 36.47%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price target on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a “market perform” rating in a research report on Monday.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. purchased a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at approximately $25,000. Point72 DIFC Ltd lifted its stake in shares of Federal Agricultural Mortgage by 180.0% during the third quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock valued at $68,000 after buying an additional 234 shares during the period. Venturi Wealth Management LLC purchased a new position in Federal Agricultural Mortgage during the fourth quarter worth approximately $100,000. Parkside Financial Bank & Trust raised its stake in Federal Agricultural Mortgage by 7.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider’s stock worth $198,000 after purchasing an additional 66 shares during the period. Finally, Pictet Asset Management Holding SA purchased a new position in Federal Agricultural Mortgage during the fourth quarter worth approximately $208,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

About Federal Agricultural Mortgage

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.