Federal Agricultural Mortgage Corp. (NYSE:AGM) Director Dennis A. Everson sold 250 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $60.48, for a total value of $15,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) traded up 1.43% during midday trading on Wednesday, hitting $61.89. The company’s stock had a trading volume of 68,358 shares. The company has a market cap of $655.85 million, a P/E ratio of 9.13 and a beta of 1.05. Federal Agricultural Mortgage Corp. has a 1-year low of $32.31 and a 1-year high of $65.06. The company has a 50-day moving average price of $57.57 and a 200 day moving average price of $56.61.

Federal Agricultural Mortgage Corp. (NYSE:AGM) last announced its quarterly earnings data on Wednesday, May 10th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.16. The company had revenue of $43.87 million for the quarter. Federal Agricultural Mortgage Corp. had a return on equity of 17.14% and a net margin of 21.88%. On average, equities research analysts predict that Federal Agricultural Mortgage Corp. will post $5.63 EPS for the current year.

Insider Buying and Selling by Quarter for Federal Agricultural Mortgage Corp. (NYSE:AGM)

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Tuesday, June 13th. Federal Agricultural Mortgage Corp.’s dividend payout ratio is 20.97%.

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Several brokerages have issued reports on AGM. Keefe, Bruyette & Woods set a $65.00 price target on Federal Agricultural Mortgage Corp. and gave the stock a “hold” rating in a report on Tuesday, May 16th. TheStreet upgraded Federal Agricultural Mortgage Corp. from a “c” rating to a “b-” rating in a report on Wednesday, May 17th.

Several hedge funds and other institutional investors have recently made changes to their positions in AGM. Two Sigma Investments LP acquired a new position in shares of Federal Agricultural Mortgage Corp. during the fourth quarter worth about $720,000. State Street Corp increased its position in shares of Federal Agricultural Mortgage Corp. by 7.5% in the fourth quarter. State Street Corp now owns 180,095 shares of the credit services provider’s stock worth $10,313,000 after buying an additional 12,487 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Federal Agricultural Mortgage Corp. by 18.7% in the fourth quarter. Renaissance Technologies LLC now owns 174,900 shares of the credit services provider’s stock worth $10,017,000 after buying an additional 27,500 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Federal Agricultural Mortgage Corp. by 19.2% in the fourth quarter. AQR Capital Management LLC now owns 240,392 shares of the credit services provider’s stock worth $13,767,000 after buying an additional 38,770 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Federal Agricultural Mortgage Corp. by 6.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,715 shares of the credit services provider’s stock worth $327,000 after buying an additional 355 shares in the last quarter. 61.14% of the stock is currently owned by institutional investors.

About Federal Agricultural Mortgage Corp.

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.

12 Month Chart for NYSE:AGM

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