Federal Agricultural Mortgage Corp. (NYSE:AGM) SVP Stephen P. Mullery sold 1,840 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $41.34, for a total value of $76,065.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stephen P. Mullery also recently made the following trade(s):

  • On Friday, August 12th, Stephen P. Mullery sold 1,090 shares of Federal Agricultural Mortgage Corp. stock. The shares were sold at an average price of $39.13, for a total value of $42,651.70.

Shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) opened at 40.85 on Wednesday. The company has a 50-day moving average price of $39.87 and a 200-day moving average price of $37.79. The company has a market cap of $427.70 million, a PE ratio of 9.84 and a beta of 0.89. Federal Agricultural Mortgage Corp. has a 1-year low of $24.95 and a 1-year high of $45.48.

Federal Agricultural Mortgage Corp. (NYSE:AGM) last announced its earnings results on Tuesday, August 9th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.09. Federal Agricultural Mortgage Corp. had a return on equity of 16.58% and a net margin of 20.73%. Equities research analysts expect that Federal Agricultural Mortgage Corp. will post $4.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.26 per share. This is a boost from Federal Agricultural Mortgage Corp.’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.55%. Federal Agricultural Mortgage Corp.’s payout ratio is presently 25.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in AGM. First Republic Investment Management Inc. boosted its position in Federal Agricultural Mortgage Corp. by 0.7% in the first quarter. First Republic Investment Management Inc. now owns 8,645 shares of the company’s stock valued at $326,000 after buying an additional 59 shares in the last quarter. BlackRock Inc. boosted its position in Federal Agricultural Mortgage Corp. by 3.5% in the first quarter. BlackRock Inc. now owns 37,882 shares of the company’s stock valued at $1,430,000 after buying an additional 1,266 shares in the last quarter. BlackRock Group LTD boosted its position in Federal Agricultural Mortgage Corp. by 30.6% in the second quarter. BlackRock Group LTD now owns 5,921 shares of the company’s stock valued at $206,000 after buying an additional 1,388 shares in the last quarter. Bridgeway Capital Management Inc. boosted its position in Federal Agricultural Mortgage Corp. by 7.9% in the second quarter. Bridgeway Capital Management Inc. now owns 31,300 shares of the company’s stock valued at $1,090,000 after buying an additional 2,300 shares in the last quarter. Finally, American International Group Inc. boosted its position in Federal Agricultural Mortgage Corp. by 147.7% in the second quarter. American International Group Inc. now owns 4,944 shares of the company’s stock valued at $172,000 after buying an additional 2,948 shares in the last quarter. 62.84% of the stock is currently owned by institutional investors.

About Federal Agricultural Mortgage Corp.

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company operates through four segments: Farm & Ranch, the United States Department of Agriculture (USDA) Guarantees, Rural Utilities and Institutional Credit.

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