Aparna Ramesh Sells 1,000 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) CFO Aparna Ramesh sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $201.86, for a total value of $201,860.00. Following the sale, the chief financial officer now owns 9,242 shares of the company’s stock, valued at approximately $1,865,590.12. This trade represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Federal Agricultural Mortgage Stock Performance

Federal Agricultural Mortgage stock opened at $204.12 on Thursday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market capitalization of $2.22 billion, a PE ratio of 12.41, a P/E/G ratio of 1.69 and a beta of 1.08. The company has a 50 day moving average price of $197.18 and a 200-day moving average price of $195.79. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) 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 business 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 period in the prior year, the business earned $4.10 EPS. As a group, equities analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 earnings per share 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. Shareholders of record on Friday, March 14th will be given 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 dividend on an annualized basis and a yield of 2.94%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 36.47%.

Institutional Investors Weigh In On Federal Agricultural Mortgage

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

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price target on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th.

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.