Federal Agricultural Mortgage Co. (NYSE:AGM – Get Rating) Director Everett M. Dobrinski acquired 1,000 shares of Federal Agricultural Mortgage stock in a transaction dated Wednesday, May 11th. The shares were purchased at an average price of $103.30 per share, for a total transaction of $103,300.00. Following the completion of the transaction, the director now directly owns 5,343 shares in the company, valued at approximately $551,931.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
AGM stock traded up $0.36 during trading on Friday, hitting $100.63. 29,946 shares of the company traded hands, compared to its average volume of 31,628. The firm has a market capitalization of $1.08 billion, a PE ratio of 9.09 and a beta of 0.93. Federal Agricultural Mortgage Co. has a 1 year low of $94.20 and a 1 year high of $137.01. The company has a 50-day moving average of $111.82 and a 200-day moving average of $120.19. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.44.
Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last issued its earnings results on Monday, May 9th. The credit services provider reported $2.37 earnings per share for the quarter, missing the consensus estimate of $2.59 by ($0.22). Federal Agricultural Mortgage had a net margin of 31.89% and a return on equity of 19.69%.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Wednesday, March 16th were issued a $0.95 dividend. The ex-dividend date was Tuesday, March 15th. This represents a $3.80 annualized dividend and a yield of 3.78%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $0.88. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 34.20%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Federal Agricultural Mortgage by 13.3% in the 3rd quarter. BlackRock Inc. now owns 1,193,378 shares of the credit services provider’s stock worth $129,506,000 after buying an additional 139,681 shares during the period. Copeland Capital Management LLC lifted its holdings in Federal Agricultural Mortgage by 1.9% in the 1st quarter. Copeland Capital Management LLC now owns 301,887 shares of the credit services provider’s stock worth $32,749,000 after buying an additional 5,698 shares during the period. Principal Financial Group Inc. lifted its holdings in Federal Agricultural Mortgage by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 268,522 shares of the credit services provider’s stock worth $29,129,000 after buying an additional 4,832 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Federal Agricultural Mortgage by 9.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 196,469 shares of the credit services provider’s stock worth $24,349,000 after buying an additional 16,310 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Federal Agricultural Mortgage by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 171,147 shares of the credit services provider’s stock worth $21,210,000 after acquiring an additional 5,016 shares in the last quarter. Institutional investors and hedge funds own 65.92% of the company’s stock.
AGM has been the topic of several recent research reports. StockNews.com assumed coverage on Federal Agricultural Mortgage in a research report on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet cut Federal Agricultural Mortgage from a “b-” rating to a “c” rating in a report on Friday, February 11th. Finally, Sidoti upgraded Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a $138.00 target price for the company in a report on Thursday, May 5th.
About Federal Agricultural Mortgage (Get Rating)
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.
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