Insider Selling: Federal Agricultural Mortgage Co. (NYSE:AGM) Director Sells 2,500 Shares of Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction dated 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 transaction, the director now directly owns 8,644 shares in the company, valued at $1,773,835.24. The trade was a 22.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Federal Agricultural Mortgage Stock Performance

Shares of AGM stock traded up $0.03 on Thursday, hitting $203.03. The company’s stock had a trading volume of 45,225 shares, compared to its average volume of 34,324. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60. The company has a market capitalization of $2.21 billion, a PE ratio of 12.34, a PEG ratio of 1.69 and a beta of 1.08. The stock’s 50 day moving average is $196.67 and its 200-day moving average is $195.01. 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 (NYSE:AGM) last posted its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.46. The company had revenue of $101.26 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $4.10 EPS. Equities research 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.96%. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio is presently 36.47%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Investments Inc grew its position in shares of Federal Agricultural Mortgage by 0.7% during the 3rd quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider’s stock worth $1,637,000 after buying an additional 57 shares during the period. Parkside Financial Bank & Trust increased its stake in Federal Agricultural Mortgage by 7.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider’s stock valued at $198,000 after purchasing an additional 66 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Federal Agricultural Mortgage by 1.8% during the third quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock valued at $724,000 after purchasing an additional 70 shares during the period. US Bancorp DE boosted its position in shares of Federal Agricultural Mortgage by 7.3% during the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock worth $207,000 after purchasing an additional 75 shares in the last quarter. Finally, Westover Capital Advisors LLC grew its stake in shares of Federal Agricultural Mortgage by 1.2% in the 4th quarter. Westover Capital Advisors LLC now owns 6,507 shares of the credit services provider’s stock valued at $1,282,000 after buying an additional 75 shares during the period. 68.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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 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.