Federal Agricultural Mortgage Co. (NYSE:AGM) Director Robert G. Sexton Purchases 1,000 Shares

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Robert G. Sexton bought 1,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $195.62 per share, with a total value of $195,620.00. Following the purchase, the director now owns 13,517 shares of the company’s stock, valued at $2,644,195.54. This represents a 7.99 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Federal Agricultural Mortgage Trading Up 2.2 %

NYSE AGM opened at $195.02 on Friday. The firm has a market cap of $2.12 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. Federal Agricultural Mortgage Co. has a 1-year low of $169.17 and a 1-year high of $217.60. The stock has a 50-day moving average of $197.09 and a 200-day moving average of $196.05. 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 (NYSE:AGM) last posted its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.17 by $0.46. The company had revenue of $101.26 million during the quarter, compared to analyst estimates of $92.81 million. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. During the same period in the prior year, the business posted $4.10 EPS. As a group, sell-side analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 3.08%. Federal Agricultural Mortgage’s payout ratio is 36.47%.

Institutional Trading of Federal Agricultural Mortgage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. purchased a new position in Federal Agricultural Mortgage during the 4th quarter valued at $25,000. Point72 DIFC Ltd increased its position in shares of Federal Agricultural Mortgage by 180.0% during the third quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock valued at $68,000 after buying an additional 234 shares during the period. Venturi Wealth Management LLC bought a new position in Federal Agricultural Mortgage in the fourth quarter worth about $100,000. Parkside Financial Bank & Trust lifted its holdings in Federal Agricultural Mortgage by 7.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,004 shares of the credit services provider’s stock worth $198,000 after buying an additional 66 shares during the period. Finally, US Bancorp DE boosted its position in Federal Agricultural Mortgage by 7.3% during the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock valued at $207,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a “market perform” rating in a research note on Monday, February 24th.

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.