Federal Agricultural Mortgage Corporation (NYSE:AGM) Director James R. Engebretsen sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $66.70, for a total value of $40,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Federal Agricultural Mortgage Corporation (NYSE:AGM) traded up 0.58% on Friday, hitting $66.40. The stock had a trading volume of 58,920 shares. The company has a 50-day moving average price of $67.44 and a 200-day moving average price of $61.34. Federal Agricultural Mortgage Corporation has a 1-year low of $37.84 and a 1-year high of $74.01. The stock has a market capitalization of $704.11 million, a price-to-earnings ratio of 9.15 and a beta of 1.16.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last announced its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.12. The business had revenue of $43.48 million for the quarter. Federal Agricultural Mortgage Corporation had a return on equity of 15.01% and a net margin of 24.02%. Equities analysts predict that Federal Agricultural Mortgage Corporation will post $5.85 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.17%. Federal Agricultural Mortgage Corporation’s dividend payout ratio (DPR) is currently 19.81%.

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AGM has been the subject of several recent research reports. Keefe, Bruyette & Woods set a $65.00 price objective on Federal Agricultural Mortgage Corporation and gave the company a “hold” rating in a research note on Tuesday, May 16th. TheStreet raised Federal Agricultural Mortgage Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, May 17th. Finally, BidaskClub downgraded Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th.

A number of institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in shares of Federal Agricultural Mortgage Corporation by 31.4% in the second quarter. Renaissance Technologies LLC now owns 242,500 shares of the credit services provider’s stock worth $15,690,000 after buying an additional 57,900 shares during the period. ClariVest Asset Management LLC boosted its position in shares of Federal Agricultural Mortgage Corporation by 48.0% in the second quarter. ClariVest Asset Management LLC now owns 172,081 shares of the credit services provider’s stock worth $11,133,000 after buying an additional 55,820 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Federal Agricultural Mortgage Corporation during the second quarter worth approximately $2,969,000. Prudential Financial Inc. boosted its position in shares of Federal Agricultural Mortgage Corporation by 22.7% in the second quarter. Prudential Financial Inc. now owns 162,972 shares of the credit services provider’s stock worth $10,544,000 after buying an additional 30,144 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Federal Agricultural Mortgage Corporation by 486.8% in the second quarter. Alliancebernstein L.P. now owns 32,860 shares of the credit services provider’s stock worth $2,126,000 after buying an additional 27,260 shares during the period. 64.11% of the stock is currently owned by institutional investors and hedge funds.

About Federal Agricultural Mortgage Corporation

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.

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

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