Federal Agricultural Mortgage Co. (NYSE:AGM) Director Chester J. Culver recently sold 100 shares of the company’s stock at an average price of $164.93, totaling $16,493. Culver now owns 2,759 shares in the company, valued at $455,041.87. The sale was disclosed in a filing with the Securities and Exchange Commission (SEC).
Federal Agricultural Mortgage Stock Performance
On Friday, September 14th, Federal Agricultural Mortgage Co. (NYSE:AGM) traded at $165.66, up $0.07 from the previous trading day. A total of 114,989 shares of the stock were exchanged, compared to its average volume of 62,432. The company has a market capitalization of $1.79 billion, a P/E ratio of 11.89, and a beta of 1.06. The stock’s 50-day simple moving average is $163.80, while its 200-day simple moving average is $145.97. The company has a quick ratio of 0.47, a current ratio of 0.47, and a debt-to-equity ratio of 1.63. Federal Agricultural Mortgage Co. has a 52-week low of $97.76 and a 52-week high of $180.16.
Federal Agricultural Mortgage Quarterly Earnings and Dividend Announcement
Federal Agricultural Mortgage last announced its quarterly earnings data on Monday, August 7th. The company reported earnings per share (EPS) of $3.86 for the quarter, surpassing the consensus estimate of $3.10 by $0.76. The firm had a return on equity of 21.97% and a net margin of 15.69%. Its revenue for the quarter was $84.55 million, compared to analysts’ expectations of $77.32 million. Sell-side analysts predict that Federal Agricultural Mortgage Co. will post $14.93 earnings per share for the current fiscal year.
The company recently declared a quarterly dividend, with the payment scheduled for Friday, September 29th. Stockholders of record on Friday, September 15th will receive a $1.10 dividend per share. This represents a $4.40 annualized dividend and a dividend yield of 2.66%. The ex-dividend date for this dividend was Thursday, September 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 31.59%.
Analyst Ratings and Institutional Investors’ Holdings
Several analysts have recently issued reports on Federal Agricultural Mortgage stock. StockNews.com began covering the company on Thursday, August 17th, and assigned a “hold” rating. Keefe, Bruyette & Woods also initiated coverage on Federal Agricultural Mortgage on Tuesday, September 5th, giving the stock an “outperform” rating.
Institutional investors and hedge funds have been actively trading Federal Agricultural Mortgage shares. Boston Partners increased its stake by 2.2% during the second quarter. Principal Financial Group Inc., Copeland Capital Management LLC, Charles Schwab Investment Management Inc., and Geode Capital Management LLC also raised their holdings in the company during the same period. Institutional investors and hedge funds currently hold 66.46% of Federal Agricultural Mortgage’s stock.
Federal Agricultural Mortgage Corporation operates as a secondary market for various loans made to borrowers in the United States. It has four business segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company purchases and retains eligible loans and securities, guarantees the principal and interest payment on securities representing interests secured by pools of eligible loans, services eligible loans, and issues Loan Subsidiary Certificates for eligible loans.
Recent transactions and developments in Federal Agricultural Mortgage Co. (NYSE:AGM) indicate that the company’s stock is performing well. The company’s director sold some of his shares, but Federal Agricultural Mortgage has been experiencing an upward trend in stock price. The company’s quarterly earnings exceeded expectations, and it recently announced a dividend. Analysts have started coverage on the stock, with some recommending it as an outperform. Institutional investors have also been actively trading Federal Agricultural Mortgage shares. With its various business segments, Federal Agricultural Mortgage continues to provide a secondary market for loans made to borrowers in the United States.