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

Federal Agricultural Mortgage Co. (NYSE:AGM) gapped down before the market opened 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.

Federal Agricultural Mortgage Trading Down 4.6 %

The company has a market cap of $2.01 billion, a price-to-earnings ratio of 12.28 and a beta of 1.08. The business’s 50 day moving average price is $187.34 and its 200-day moving average price is $179.05. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.51.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Friday, February 23rd. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.40. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. The firm had revenue of $354.15 million during the quarter, compared to the consensus estimate of $86.86 million. During the same period last year, the business posted $3.16 earnings per share. On average, equities analysts anticipate that Federal Agricultural Mortgage Co. will post 17 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $1.40 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. This represents a $5.60 annualized dividend and a yield of 3.02%. Federal Agricultural Mortgage’s payout ratio is 35.42%.

Institutional Investors Weigh In On Federal Agricultural Mortgage

A number of institutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in Federal Agricultural Mortgage during the 3rd quarter worth $31,000. Principal Securities Inc. bought a new stake in Federal Agricultural Mortgage during the fourth quarter worth about $34,000. Sunbelt Securities Inc. grew its stake in Federal Agricultural Mortgage by 194.2% during the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock worth $40,000 after buying an additional 134 shares in the last quarter. Federated Hermes Inc. increased its holdings in Federal Agricultural Mortgage by 464.7% in the 3rd quarter. Federated Hermes Inc. now owns 288 shares of the credit services provider’s stock valued at $44,000 after buying an additional 237 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in shares of Federal Agricultural Mortgage by 304.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 263 shares of the credit services provider’s stock valued at $50,000 after buying an additional 198 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

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.