Federal Agricultural Mortgage Corporation (NYSE:AGM) Director Lowell Junkins sold 775 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $64.80, for a total value of $50,220.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Federal Agricultural Mortgage Corporation (NYSE:AGM) traded down 1.94% during mid-day trading on Thursday, reaching $63.26. The company’s stock had a trading volume of 68,812 shares. The stock has a market cap of $670.81 million, a P/E ratio of 8.72 and a beta of 1.18. Federal Agricultural Mortgage Corporation has a one year low of $37.84 and a one year high of $74.01. The firm’s 50 day moving average is $67.35 and its 200-day moving average is $62.28.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last issued its 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 net margin of 24.02% and a return on equity of 15.01%. Equities analysts expect that Federal Agricultural Mortgage Corporation will post $5.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Thursday, September 14th. Federal Agricultural Mortgage Corporation’s dividend payout ratio (DPR) is presently 19.81%.

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A number of brokerages recently issued reports on AGM. TheStreet downgraded Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a report on Friday, August 11th. BidaskClub downgraded Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Keefe, Bruyette & Woods set a $65.00 price target on Federal Agricultural Mortgage Corporation and gave the company a “hold” rating in a report on Tuesday, May 16th.

Several large investors have recently modified their holdings of AGM. Eqis Capital Management Inc. increased its position in shares of Federal Agricultural Mortgage Corporation by 14.0% during the first quarter. Eqis Capital Management Inc. now owns 6,634 shares of the credit services provider’s stock worth $382,000 after acquiring an additional 816 shares during the period. Boston Partners increased its position in shares of Federal Agricultural Mortgage Corporation by 2.2% during the first quarter. Boston Partners now owns 116,672 shares of the credit services provider’s stock worth $6,717,000 after acquiring an additional 2,472 shares during the period. Bank of New York Mellon Corp increased its position in shares of Federal Agricultural Mortgage Corporation by 8.0% during the first quarter. Bank of New York Mellon Corp now owns 69,875 shares of the credit services provider’s stock worth $4,022,000 after acquiring an additional 5,175 shares during the period. Karp Capital Management Corp purchased a new position in shares of Federal Agricultural Mortgage Corporation during the first quarter worth approximately $269,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of Federal Agricultural Mortgage Corporation by 11.0% during the first quarter. Parametric Portfolio Associates LLC now owns 55,991 shares of the credit services provider’s stock worth $3,223,000 after acquiring an additional 5,535 shares during the period. 65.14% 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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