Federal Agricultural Mortgage (NYSE:AGM) Shares Gap Down to $194.22

Federal Agricultural Mortgage Co. (NYSE:AGM)’s share price gapped down prior to trading on Monday . The stock had previously closed at $194.22, but opened at $186.44. Federal Agricultural Mortgage shares last traded at $190.60, with a volume of 18,825 shares trading hands.

Federal Agricultural Mortgage Stock Down 6.4 %

The stock has a 50 day moving average price of $187.36 and a 200 day moving average price of $179.56. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 10.97 and a beta of 1.08.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, May 6th. The credit services provider reported $3.96 earnings per share for the quarter, topping analysts’ consensus estimates of $3.94 by $0.02. The firm had revenue of $403.63 million for the quarter, compared to analyst estimates of $92.22 million. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. During the same period in the previous year, the firm posted $3.56 EPS. As a group, analysts forecast that Federal Agricultural Mortgage Co. will post 17 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $1.40 dividend. This is a positive change from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Thursday, March 14th. Federal Agricultural Mortgage’s payout ratio is currently 35.42%.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Several large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Federal Agricultural Mortgage in the 3rd quarter worth about $147,000. Cambridge Investment Research Advisors Inc. boosted its stake in Federal Agricultural Mortgage by 3.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,506 shares of the credit services provider’s stock worth $1,775,000 after acquiring an additional 366 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Federal Agricultural Mortgage by 68.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,654 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 673 shares in the last quarter. Strs Ohio raised its stake in Federal Agricultural Mortgage by 65.2% during the 3rd quarter. Strs Ohio now owns 3,800 shares of the credit services provider’s stock worth $586,000 after buying an additional 1,500 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in Federal Agricultural Mortgage by 8.6% in the third quarter. Teacher Retirement System of Texas now owns 10,082 shares of the credit services provider’s stock worth $1,556,000 after acquiring an additional 798 shares in the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.