Federal Agricultural Mortgage Co. (NYSE:AGM) CFO Sells $201,860.00 in Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) CFO Aparna Ramesh sold 1,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were 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 represents a 9.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Federal Agricultural Mortgage Stock Up 0.1 %

NYSE:AGM opened at $204.12 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a twelve month low of $169.17 and a twelve month high of $217.60. The company has a market cap 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’s 50 day moving average is $197.18 and its two-hundred day moving average is $195.79.

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 for the quarter, beating analysts’ consensus estimates of $4.17 by $0.46. The firm 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 period in the previous year, the company earned $4.10 earnings per share. Analysts anticipate that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.94%. This is a boost 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 (DPR) is presently 36.47%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Federal Agricultural Mortgage

A number of large investors have recently bought and sold shares of the company. Boston Partners lifted its stake in Federal Agricultural Mortgage by 3.8% during the 4th quarter. Boston Partners now owns 415,716 shares of the credit services provider’s stock valued at $81,813,000 after acquiring an additional 15,140 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Federal Agricultural Mortgage by 1,589.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider’s stock worth $70,114,000 after purchasing an additional 334,928 shares during the last quarter. Principal Financial Group Inc. lifted its position 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 valued at $65,777,000 after purchasing an additional 14,274 shares during the period. Copeland Capital Management LLC grew its position in Federal Agricultural Mortgage by 2.5% during the 4th quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider’s stock worth $58,654,000 after purchasing an additional 7,283 shares during the period. Finally, Captrust Financial Advisors grew its position in Federal Agricultural Mortgage by 12.4% during the 4th 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. 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.