Federal Agricultural Mortgage Co. (NYSE:AGM – Get Rating) Director Everett M. Dobrinski bought 1,000 shares of the stock in a transaction on Wednesday, May 11th. The shares were acquired at an average cost of $103.30 per share, with a total value of $103,300.00. Following the purchase, the director now owns 5,343 shares of the company’s stock, valued at approximately $551,931.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Federal Agricultural Mortgage stock opened at $100.63 on Friday. Federal Agricultural Mortgage Co. has a 1 year low of $94.20 and a 1 year high of $137.01. The firm has a market cap of $1.08 billion, a PE ratio of 9.06 and a beta of 0.93. The stock has a fifty-day moving average price of $111.17 and a 200-day moving average price of $119.88. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.44 and a quick ratio of 0.45.
Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last issued its earnings results on Monday, May 9th. The credit services provider reported $2.37 EPS for the quarter, missing the consensus estimate of $2.59 by ($0.22). Federal Agricultural Mortgage had a return on equity of 19.69% and a net margin of 31.89%.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Wednesday, March 16th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.78%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, March 15th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 34.20%.
AGM has been the subject of several recent research reports. Sidoti raised Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a $138.00 price objective for the company in a research note on Thursday, May 5th. The Street cut Federal Agricultural Mortgage from a “b-” rating to a “c” rating in a report on Friday, February 11th. Finally, StockNews.com assumed coverage on Federal Agricultural Mortgage in a report on Thursday, March 31st. They set a “hold” rating on the stock.
A number of institutional investors have recently made changes to their positions in AGM. Barclays PLC boosted its holdings in Federal Agricultural Mortgage by 69.4% in the third quarter. Barclays PLC now owns 29,813 shares of the credit services provider’s stock worth $3,236,000 after acquiring an additional 12,212 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in Federal Agricultural Mortgage during the fourth quarter valued at approximately $228,000. BlackRock Inc. lifted its stake in shares of 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 valued at $129,506,000 after purchasing an additional 139,681 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Federal Agricultural Mortgage in the fourth quarter worth approximately $446,000. Finally, Empowered Funds LLC increased its holdings in Federal Agricultural Mortgage by 5.2% during the 4th quarter. Empowered Funds LLC now owns 4,464 shares of the credit services provider’s stock worth $553,000 after purchasing an additional 220 shares during the period. 65.92% of the stock is currently owned by institutional investors and hedge funds.
Federal Agricultural Mortgage Company Profile (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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