Federal Agricultural Mortgage Corp. (NYSE:AGM) released its quarterly earnings results on Wednesday. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.12, Bloomberg Earnings reports. Federal Agricultural Mortgage Corp. had a return on equity of 16.60% and a net margin of 24.06%.

Shares of Federal Agricultural Mortgage Corp. (NYSE AGM) traded down 2.39% on Wednesday, reaching $65.73. The company had a trading volume of 122,969 shares. The company has a 50-day moving average price of $67.38 and a 200-day moving average price of $60.73. The firm has a market cap of $696.54 million, a P/E ratio of 9.70 and a beta of 1.16. Federal Agricultural Mortgage Corp. has a one year low of $37.84 and a one year high of $74.01.

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 paid a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.19%. Federal Agricultural Mortgage Corp.’s payout ratio is 21.24%.

In other news, insider Gregory Ramsey sold 799 shares of Federal Agricultural Mortgage Corp. stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $60.82, for a total value of $48,595.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sara Louise Faivre-Davis sold 399 shares of Federal Agricultural Mortgage Corp. stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $69.67, for a total value of $27,798.33. The disclosure for this sale can be found here. Insiders sold a total of 9,745 shares of company stock valued at $641,007 over the last three months. Insiders own 3.75% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Globeflex Capital L P purchased a new stake in Federal Agricultural Mortgage Corp. during the first quarter valued at approximately $114,000. Citadel Advisors LLC purchased a new stake in Federal Agricultural Mortgage Corp. during the first quarter valued at approximately $250,000. Karp Capital Management Corp purchased a new stake in Federal Agricultural Mortgage Corp. during the first quarter valued at approximately $269,000. Dynamic Technology Lab Private Ltd purchased a new stake in Federal Agricultural Mortgage Corp. during the first quarter valued at approximately $299,000. Finally, Stifel Financial Corp purchased a new stake in Federal Agricultural Mortgage Corp. during the first quarter valued at approximately $300,000. 63.41% of the stock is owned by institutional investors.

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AGM has been the subject of several recent analyst reports. Keefe, Bruyette & Woods set a $65.00 price target on Federal Agricultural Mortgage Corp. and gave the stock a “hold” rating in a research note on Tuesday, May 16th. TheStreet raised Federal Agricultural Mortgage Corp. from a “c” rating to a “b-” rating in a research note on Wednesday, May 17th. Finally, BidaskClub cut Federal Agricultural Mortgage Corp. from a “hold” rating to a “sell” rating in a research note on Friday, August 4th.

Federal Agricultural Mortgage Corp. 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.

Earnings History for Federal Agricultural Mortgage Corp. (NYSE:AGM)

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