Federal Agricultural Mortgage Corporation (NYSE:AGM) Director James R. Engebretsen sold 600 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $66.70, for a total transaction of $40,020.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Federal Agricultural Mortgage Corporation (NYSE AGM) traded up 0.58% during midday trading on Friday, hitting $66.40. 58,920 shares of the stock traded hands. Federal Agricultural Mortgage Corporation has a one year low of $37.84 and a one year high of $74.01. The firm has a 50-day moving average price of $67.44 and a 200 day moving average price of $61.41. The stock has a market cap 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 posted its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.12. Federal Agricultural Mortgage Corporation had a net margin of 24.02% and a return on equity of 15.01%. The business had revenue of $43.48 million during the quarter. Analysts anticipate that Federal Agricultural Mortgage Corporation will post $5.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.17%. 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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Several equities research analysts have recently weighed in on AGM shares. TheStreet upgraded shares of Federal Agricultural Mortgage Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, May 17th. Keefe, Bruyette & Woods set a $65.00 target price on shares of Federal Agricultural Mortgage Corporation and gave the stock a “hold” rating in a research note on Tuesday, May 16th. Finally, BidaskClub downgraded shares of Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Globeflex Capital L P acquired a new position in Federal Agricultural Mortgage Corporation during the first quarter valued at approximately $114,000. C M Bidwell & Associates Ltd. purchased a new position in Federal Agricultural Mortgage Corporation during the second quarter worth about $222,000. Citadel Advisors LLC purchased a new position in Federal Agricultural Mortgage Corporation during the first quarter worth about $250,000. Karp Capital Management Corp purchased a new position in Federal Agricultural Mortgage Corporation during the first quarter worth about $269,000. Finally, Virtu KCG Holdings LLC purchased a new position in Federal Agricultural Mortgage Corporation during the second quarter worth about $275,000. 64.11% of the stock is owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Corporation Company Profile

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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