Federal Agricultural Mortgage (NYSE:AGM) Sees Large Volume Increase – Time to Buy?

Federal Agricultural Mortgage Co. (NYSE:AGM) saw an uptick in trading volume on Monday . 43,321 shares changed hands during trading, a decline of 14% from the previous session’s volume of 50,119 shares.The stock last traded at $193.23 and had previously closed at $192.19.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $215.00 price target (down previously from $230.00) on shares of Federal Agricultural Mortgage in a research note on Monday, May 12th.

Federal Agricultural Mortgage Trading Up 0.2%

The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The company has a 50 day simple moving average of $180.21 and a two-hundred day simple moving average of $192.63. The firm has a market cap of $2.10 billion, a PE ratio of 11.70, a P/E/G ratio of 1.69 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings results on Friday, May 9th. The credit services provider reported $4.19 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.19. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. The business had revenue of $96.79 million for the quarter, compared to the consensus estimate of $94.33 million. Analysts expect that Federal Agricultural Mortgage Co. will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.12%. Federal Agricultural Mortgage’s payout ratio is 37.08%.

Insider Transactions at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 350 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $192.26, for a total transaction of $67,291.00. Following the transaction, the director now owns 1,751 shares in the company, valued at approximately $336,647.26. This represents a 16.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert G. Sexton purchased 1,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $195.62 per share, for a total transaction of $195,620.00. Following the transaction, the director now directly owns 13,517 shares of the company’s stock, valued at $2,644,195.54. This represents a 7.99% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Federal Agricultural Mortgage

A number of hedge funds have recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Federal Agricultural Mortgage by 181.7% in the third quarter. Barclays PLC now owns 18,172 shares of the credit services provider’s stock valued at $3,405,000 after purchasing an additional 11,721 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Federal Agricultural Mortgage by 26.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 3,418 shares of the credit services provider’s stock worth $673,000 after buying an additional 707 shares during the period. Blue Trust Inc. purchased a new position in shares of Federal Agricultural Mortgage during the fourth quarter worth $25,000. Rhumbline Advisers boosted its position in shares of Federal Agricultural Mortgage by 4.8% during the fourth quarter. Rhumbline Advisers now owns 14,725 shares of the credit services provider’s stock worth $2,900,000 after buying an additional 668 shares during the period. Finally, Valmark Advisers Inc. boosted its position in shares of Federal Agricultural Mortgage by 1.6% during the fourth quarter. Valmark Advisers Inc. now owns 8,626 shares of the credit services provider’s stock worth $1,699,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors 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.