Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 119,658 shares were traded during trading, an increase of 114% from the previous session's volume of 56,017 shares.The stock last traded at $187.84 and had previously closed at $188.14.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $215.00 price target (down previously from $230.00) on shares of Federal Agricultural Mortgage in a research report on Monday, May 12th.
Get Our Latest Stock Analysis on AGM
Federal Agricultural Mortgage Stock Performance
The company has a market cap of $2.10 billion, a PE ratio of 11.84, a PEG ratio of 1.55 and a beta of 0.99. The company has a 50-day moving average of $183.48 and a 200-day moving average of $191.05. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.74.
Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its earnings results on Friday, May 9th. The credit services provider reported $4.19 EPS for the quarter, beating the consensus estimate of $4.00 by $0.19. Federal Agricultural Mortgage had a net margin of 12.65% and a return on equity of 18.77%. The company had revenue of $96.79 million during the quarter, compared to the consensus estimate of $94.33 million. As a group, analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current year.
Federal Agricultural Mortgage Dividend Announcement
The firm 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 $1.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.00 annualized dividend and a yield of 3.13%. Federal Agricultural Mortgage's dividend payout ratio is currently 37.08%.
Insider Transactions at Federal Agricultural Mortgage
In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 350 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $192.26, for a total transaction of $67,291.00. Following the sale, the director now owns 1,751 shares in the company, valued at $336,647.26. This trade represents a 16.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric T. Mckissack sold 728 shares of the stock in a transaction that occurred 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. The trade was a 23.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Federal Agricultural Mortgage
A number of large investors have recently added to or reduced their stakes in AGM. Blue Trust Inc. bought a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at about $25,000. Acadian Asset Management LLC purchased a new position in Federal Agricultural Mortgage in the 1st quarter worth approximately $34,000. KBC Group NV bought a new stake in Federal Agricultural Mortgage in the first quarter valued at approximately $35,000. Byrne Asset Management LLC boosted its stake in shares of Federal Agricultural Mortgage by 116.1% during the first quarter. Byrne Asset Management LLC now owns 242 shares of the credit services provider's stock valued at $45,000 after purchasing an additional 130 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in shares of Federal Agricultural Mortgage during the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 68.03% of the company's stock.
About Federal Agricultural Mortgage
(
Get Free Report)
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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