Insider Buying: Federal Agricultural Mortgage Co. (NYSE:AGM) Director Acquires $195,620.00 in Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) Director Robert G. Sexton acquired 1,000 shares of Federal Agricultural Mortgage 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 completion of the transaction, the director now directly owns 13,517 shares in the company, valued at $2,644,195.54. This represents a 7.99 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Federal Agricultural Mortgage Stock Performance

Shares of AGM opened at $195.02 on Friday. Federal Agricultural Mortgage Co. has a 1 year low of $169.17 and a 1 year high of $217.60. 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 stock’s fifty day moving average price is $197.09 and its two-hundred day moving average price is $196.05. The firm has a market cap of $2.12 billion, a PE ratio of 11.86, a PEG ratio of 1.69 and a beta of 1.11.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.46. The business had revenue of $101.26 million for the quarter, compared to analysts’ expectations of $92.81 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. During the same period in the previous year, the business posted $4.10 EPS. On average, equities research analysts forecast that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Federal Agricultural Mortgage

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. bought a new position in Federal Agricultural Mortgage in the 4th quarter valued at $25,000. Point72 DIFC Ltd boosted its stake in 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 purchased a new position in Federal Agricultural Mortgage during the fourth quarter worth about $100,000. Parkside Financial Bank & Trust increased its stake in 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 during the last quarter. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Federal Agricultural Mortgage in the 4th quarter valued at about $208,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

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.