Federal Agricultural Mortgage (NYSE:AGM) Announces Earnings Results, Beats Expectations By $0.19 EPS

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) issued its quarterly earnings results on Friday, May 9th. The credit services provider reported $4.19 earnings per share for the quarter, topping analysts' consensus estimates of $4.00 by $0.19, Zacks reports. The firm had revenue of $96.79 million for 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%.

Federal Agricultural Mortgage Stock Down 1.2%

NYSE:AGM traded down $2.46 during trading hours on Friday, hitting $194.06. 53,294 shares of the stock traded hands, compared to its average volume of 44,008. The firm has a 50 day moving average price of $181.70 and a 200 day moving average price of $194.22. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.69 and a beta of 0.97. Federal Agricultural Mortgage has a fifty-two week low of $159.64 and a fifty-two week high of $217.60. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Monday, June 16th. Federal Agricultural Mortgage's payout ratio is 37.08%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $215.00 target price (down from $230.00) on shares of Federal Agricultural Mortgage in a report on Monday.

Insider Transactions at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, CFO Aparna Ramesh sold 1,000 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $201.86, for a total transaction of $201,860.00. Following the transaction, the chief financial officer now owns 9,242 shares of the company's stock, valued at $1,865,590.12. The trade was a 9.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mitchell A. Johnson sold 2,500 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $205.21, for a total value of $513,025.00. Following the completion of the transaction, the director now owns 8,644 shares in the company, valued at $1,773,835.24. This represents a 22.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,850 shares of company stock valued at $782,176 over the last quarter. Company insiders own 2.20% of the company's stock.

Institutional Trading of Federal Agricultural Mortgage

An institutional investor recently raised its position in Federal Agricultural Mortgage stock. AQR Capital Management LLC boosted its stake in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 8.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,702 shares of the credit services provider's stock after buying an additional 513 shares during the quarter. AQR Capital Management LLC owned approximately 0.06% of Federal Agricultural Mortgage worth $1,257,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.