Everett M. Dobrinski buys 1,000 shares of Federal Agricultural Mortgage Co. (NYSE: AGM)

Federal Agricultural Mortgage Co. (NYSE:AGM – Get Rating) Director Everett M. Dobrinski acquired 1,000 shares of Federal Agricultural Mortgage in a transaction dated Wednesday, May 11. The shares were purchased at an average price of $103.30 per share, for a total transaction of $103,300.00. Following completion of the transaction, the administrator now directly owns 5,343 shares of the company, valued at approximately $551,931.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.

AGM stock traded down $0.36 during Friday’s trading, hitting $100.63. 29,946 shares of the company were traded, against an average volume of 31,628. The company has a market capitalization of $1.08 billion, a PE ratio of 9.09 and a beta of 0.93. Federal Agricultural Mortgage Co. has a 1-year low of $94.20 and a 1-year high of $137.01. The company has a 50-day moving average of $111.82 and a 200-day moving average of $120.19. The company has a debt ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.44.

Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last released results on Monday, May 9. The credit service provider reported earnings per share of $2.37 for the quarter, missing the consensus estimate of $2.59 per ($0.22). Federal Agricultural Mortgage had a net margin of 31.89% and a return on equity of 19.69%.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Wednesday, March 16 received a dividend of $0.95. The ex-dividend date was Tuesday, March 15. This represents an annualized dividend of $3.80 and a yield of 3.78%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $0.88. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 34.20%.

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. BlackRock Inc. increased its holdings in Federal Agricultural Mortgage by 13.3% in Q3. BlackRock Inc. now owns 1,193,378 shares of the credit service provider worth $129,506,000 after purchasing an additional 139,681 shares during the period. Copeland Capital Management LLC increased its stake in Federal Agricultural Mortgage by 1.9% in Q1. Copeland Capital Management LLC now owns 301,887 shares of the credit service provider worth $32,749,000 after purchasing an additional 5,698 shares during the period. Principal Financial Group Inc. increased its stake in Federal Agricultural Mortgage by 1.8% in Q1. Principal Financial Group Inc. now owns 268,522 shares of the credit service provider worth $29,129,000 after purchasing an additional 4,832 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Federal Agricultural Mortgage by 9.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 196,469 shares of the credit service provider worth $24,349,000 after purchasing an additional 16,310 shares during the period. Finally, Geode Capital Management LLC raised its position in Federal Agricultural Mortgage shares by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 171,147 shares of the credit services provider worth $21,210,000 after acquiring 5,016 additional shares in the last quarter. Institutional investors and hedge funds hold 65.92% of the company’s shares.

AGM has been the subject of several recent research reports. StockNews.com supported federal agricultural mortgage coverage in a Thursday, March 31, research report. They have set a “holding” rating on the stock. TheStreet downgraded Federal Agricultural Mortgage from a “b-” rating to a “c” rating in a Friday, Feb. 11 report. Finally, Sidoti upgraded Federal Agricultural Mortgage from a “neutral” rating to a “buy” rating and set a target price of $138.00 for the company in a Thursday, May 5, report.

About the Federal Farm Mortgage (Get an evaluation)

The Federal Agricultural Mortgage Corporation provides a secondary market for various loans issued to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities and Institutional Credit. The Farm & Ranch segment purchases and maintains qualifying mortgage loans that are secured by first lien on agricultural real estate; securitizes qualifying mortgages and guarantees the timely payment of principal and interest on interest-bearing securities or obligations secured by pools of mortgages; and issues Long-Term Support Purchase Commitments (LTSPCs) on designated eligible mortgages.

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