Federal Agricultural Mortgage Corporation (NYSE:AGM) SVP John Curtis Covington sold 575 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $74.29, for a total transaction of $42,716.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Federal Agricultural Mortgage Corporation (NYSE AGM) traded down $0.40 during trading on Monday, reaching $71.82. 74,011 shares of the company’s stock traded hands, compared to its average volume of 55,595. The company has a market cap of $766.69, a PE ratio of 12.45 and a beta of 1.25. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.36 and a current ratio of 0.36. Federal Agricultural Mortgage Corporation has a 52-week low of $50.83 and a 52-week high of $77.78.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Thursday, November 9th. The credit services provider reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.11. The firm had revenue of $43.86 million for the quarter. Federal Agricultural Mortgage had a net margin of 23.05% and a return on equity of 14.81%.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.36 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.44 annualized dividend and a yield of 2.01%. Federal Agricultural Mortgage’s dividend payout ratio is currently 19.35%.

A number of brokerages have recently issued reports on AGM. BidaskClub cut shares of Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Federal Agricultural Mortgage in a report on Thursday, September 21st. Finally, TheStreet cut shares of Federal Agricultural Mortgage from a “b-” rating to a “c+” rating in a report on Friday, August 11th.

A number of institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its holdings in Federal Agricultural Mortgage by 5.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,170 shares of the credit services provider’s stock valued at $464,000 after acquiring an additional 376 shares during the period. Voya Investment Management LLC raised its holdings in Federal Agricultural Mortgage by 8.2% in the 2nd quarter. Voya Investment Management LLC now owns 5,449 shares of the credit services provider’s stock valued at $353,000 after acquiring an additional 413 shares during the period. Teachers Advisors LLC raised its holdings in Federal Agricultural Mortgage by 1.6% in the 1st quarter. Teachers Advisors LLC now owns 28,365 shares of the credit services provider’s stock valued at $1,633,000 after acquiring an additional 444 shares during the period. Stifel Financial Corp raised its holdings in Federal Agricultural Mortgage by 9.6% in the 2nd quarter. Stifel Financial Corp now owns 5,727 shares of the credit services provider’s stock valued at $371,000 after acquiring an additional 503 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Federal Agricultural Mortgage by 5.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 12,842 shares of the credit services provider’s stock valued at $739,000 after acquiring an additional 719 shares during the period. 65.96% of the stock is currently owned by hedge funds and other institutional investors.

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About Federal Agricultural Mortgage

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 (NYSE:AGM)

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