Eric T. Mckissack Sells 728 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) Stock

Federal Agricultural Mortgage Co. (NYSE:AGM - Get Free Report) Director Eric T. Mckissack sold 728 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $192.37, for a total transaction of $140,045.36. Following the transaction, the director now owns 2,357 shares in the company, valued at $453,416.09. This trade represents a 23.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Federal Agricultural Mortgage Trading Down 0.3%

Shares of NYSE:AGM traded down $0.55 during trading hours on Monday, hitting $191.64. 155,704 shares of the company's stock traded hands, compared to its average volume of 50,501. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. The business has a fifty day moving average price of $180.21 and a 200-day moving average price of $192.63. Federal Agricultural Mortgage Co. has a 1 year low of $159.64 and a 1 year high of $217.60. The firm has a market capitalization of $2.10 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The credit services provider reported $4.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.00 by $0.19. The company had revenue of $96.79 million during the quarter, compared to analysts' expectations of $94.33 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. Equities analysts expect that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Monday, June 16th. Federal Agricultural Mortgage's dividend payout ratio (DPR) is presently 37.08%.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Several hedge funds have recently made changes to their positions in AGM. Parkside Financial Bank & Trust raised its position 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 worth $198,000 after acquiring an additional 66 shares in the last quarter. Westover Capital Advisors LLC boosted its holdings 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 acquiring an additional 75 shares during the last quarter. Napatree Capital LLC raised its stake in shares of Federal Agricultural Mortgage by 6.8% during the 4th quarter. Napatree Capital LLC now owns 1,423 shares of the credit services provider's stock valued at $280,000 after buying an additional 91 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Federal Agricultural Mortgage by 5.0% during the 4th quarter. Cetera Investment Advisers now owns 2,626 shares of the credit services provider's stock valued at $517,000 after purchasing an additional 125 shares in the last quarter. Finally, Blue Trust Inc. acquired a new stake in Federal Agricultural Mortgage in the fourth quarter valued at approximately $25,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $215.00 price target (down from $230.00) on shares of Federal Agricultural Mortgage in a research note on Monday, May 12th.

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.

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