Federal Agricultural Mortgage Corporation (NYSE:AGM) insider Timothy L. Buzby sold 937 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $74.87, for a total value of $70,153.19. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Timothy L. Buzby also recently made the following trade(s):

  • On Friday, September 29th, Timothy L. Buzby sold 3,930 shares of Federal Agricultural Mortgage Corporation stock. The shares were sold at an average price of $72.96, for a total value of $286,732.80.
  • On Thursday, September 28th, Timothy L. Buzby sold 4,180 shares of Federal Agricultural Mortgage Corporation stock. The shares were sold at an average price of $74.85, for a total value of $312,873.00.
  • On Wednesday, September 27th, Timothy L. Buzby sold 2,450 shares of Federal Agricultural Mortgage Corporation stock. The shares were sold at an average price of $74.85, for a total value of $183,382.50.
  • On Friday, September 29th, Timothy L. Buzby sold 10,560 shares of Federal Agricultural Mortgage Corporation stock. The shares were sold at an average price of $74.15, for a total value of $783,024.00.

Shares of Federal Agricultural Mortgage Corporation (NYSE AGM) opened at 76.68 on Friday. Federal Agricultural Mortgage Corporation has a 52 week low of $39.09 and a 52 week high of $77.54. The stock has a market capitalization of $813.11 million, a P/E ratio of 10.56 and a beta of 1.18. The firm’s 50-day moving average price is $69.75 and its 200 day moving average price is $64.60.

Federal Agricultural Mortgage Corporation (NYSE:AGM) last released its earnings results on Wednesday, August 9th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.12. Federal Agricultural Mortgage Corporation had a return on equity of 15.01% and a net margin of 24.02%. The firm had revenue of $43.48 million for the quarter. Analysts expect that Federal Agricultural Mortgage Corporation will post $5.85 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, September 14th. Federal Agricultural Mortgage Corporation’s payout ratio is 19.81%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its position in shares of Federal Agricultural Mortgage Corporation by 8.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,944 shares of the credit services provider’s stock valued at $902,000 after acquiring an additional 1,102 shares during the period. Sterling Capital Management LLC increased its position in shares of Federal Agricultural Mortgage Corporation by 7.8% in the 2nd quarter. Sterling Capital Management LLC now owns 21,465 shares of the credit services provider’s stock valued at $1,389,000 after acquiring an additional 1,557 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Federal Agricultural Mortgage Corporation 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. C M Bidwell & Associates Ltd. acquired a new position in shares of Federal Agricultural Mortgage Corporation in the 2nd quarter valued at $222,000. Finally, State Street Corp increased its position in shares of Federal Agricultural Mortgage Corporation by 5.3% in the 2nd quarter. State Street Corp now owns 190,318 shares of the credit services provider’s stock valued at $12,309,000 after acquiring an additional 9,640 shares during the period. 65.14% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have commented on AGM. TheStreet downgraded Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a research note on Friday, August 11th. BidaskClub downgraded Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Federal Agricultural Mortgage Corporation in a research note on Thursday, September 21st.

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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