Federal Agricultural Mortgage Corporation (NYSE:AGM) SVP John Curtis Covington sold 575 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $74.29, for a total value of $42,716.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) opened at $71.82 on Tuesday. The company has a market capitalization of $766.69, a PE ratio of 12.45 and a beta of 1.25. Federal Agricultural Mortgage Corporation has a 52-week low of $50.83 and a 52-week high of $77.78. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.36 and a current ratio of 0.36.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Thursday, November 9th. The credit services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.11. The firm had revenue of $43.86 million during the quarter. Federal Agricultural Mortgage had a return on equity of 14.81% and a net margin of 23.05%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Thursday, December 14th. Federal Agricultural Mortgage’s dividend payout ratio is presently 19.35%.

AGM has been the subject of a number of recent research reports. TheStreet cut Federal Agricultural Mortgage from a “b-” rating to a “c+” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $65.00 price objective on shares of Federal Agricultural Mortgage in a research report on Friday, November 10th. Finally, BidaskClub cut Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research report on Friday, August 4th.

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in Federal Agricultural Mortgage by 31.4% in the 2nd quarter. Renaissance Technologies LLC now owns 242,500 shares of the credit services provider’s stock valued at $15,690,000 after buying an additional 57,900 shares during the period. ClariVest Asset Management LLC grew its holdings in Federal Agricultural Mortgage by 48.0% in the 2nd quarter. ClariVest Asset Management LLC now owns 172,081 shares of the credit services provider’s stock valued at $11,133,000 after buying an additional 55,820 shares during the period. Ameriprise Financial Inc. purchased a new stake in Federal Agricultural Mortgage in the 2nd quarter valued at about $2,969,000. 361 Capital LLC purchased a new stake in Federal Agricultural Mortgage in the 3rd quarter valued at about $2,279,000. Finally, Prudential Financial Inc. grew its holdings in Federal Agricultural Mortgage by 22.7% in the 2nd quarter. Prudential Financial Inc. now owns 162,972 shares of the credit services provider’s stock valued at $10,544,000 after buying an additional 30,144 shares during the period. Hedge funds and other institutional investors own 64.29% of the company’s stock.

WARNING: This report was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/federal-agricultural-mortgage-corporation-agm-svp-john-curtis-covington-sells-575-shares/1730570.html.

Federal Agricultural Mortgage 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 (NYSE:AGM)

Receive News & Ratings for Federal Agricultural Mortgage Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Agricultural Mortgage Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.