November 30, 2016 - By Nellie Frank
An insider of the company Federal Agricultural Mortgage Corp, Dennis Brack also its director, disclosed his trading activities with the U.S. Security and Exchange Commission on 30-11-2016. As shown in the document, Dennis had unloaded 1,939 shares of the Dc-based company. The total insider trading transaction was worth $103,697 U.S Dollars. At the time of the sale the price of a share was $53.5. Dennis Brack now indirectly has ownership of 0 shares. He also directly has ownership of 8509 shares. In total he holds a stake of 0.08%.
Out of 4 analysts covering Federal Agricultural Mortgage Corp (NYSE:AGM), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $40 is the highest target while $35 is the lowest. The $37 average target is -31.35% below today’s ($53.9) stock price. Federal Agricultural Mortgage Corp has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was downgraded by Compass Point to “Neutral” on Thursday, May 12. The rating was downgraded by Sidoti to “Neutral” on Wednesday, May 11. The firm has “Buy” rating given on Wednesday, January 27 by Sidoti. Wood downgraded the stock to “Market Perform” rating in Friday, March 11 report.
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.57, from 0.82 in 2016Q1. The ratio is positive, as 11 funds sold all Federal Agricultural Mortgage Corp. shares owned while 39 reduced positions. 18 funds bought stakes while 23 increased positions. They now own 6.53 million shares or 0.11% more from 6.53 million shares in 2016Q1.
Wedge Cap Mngmt L Lp Nc last reported 0.01% of its portfolio in the stock. Rhumbline Advisers, a Massachusetts-based fund reported 12,393 shares. Blackrock Institutional Co Na holds 181,858 shares or 0% of its portfolio. Schwab Charles Invest Management reported 145,800 shares or 0.01% of all its holdings. Voya Inv Limited Company owns 7,560 shares or 0% of their US portfolio. Amer Int Inc has 0% invested in the company for 4,944 shares. Chicago Equity Ltd owns 5,930 shares or 0.01% of their US portfolio. The New York-based Jpmorgan Chase And Communications has invested 0% in Federal Agricultural Mortgage Corp. (NYSE:AGM). Menta Capital Limited Liability has 8,016 shares for 0.04% of their US portfolio. Moreover, Tfs Cap Ltd Limited Liability Company has 0.04% invested in Federal Agricultural Mortgage Corp. (NYSE:AGM) for 5,814 shares. Allianz Asset Mgmt Ag, a Germany-based fund reported 11,933 shares. Alliancebernstein Ltd Partnership accumulated 6,100 shares or 0% of the stock. The Germany-based Deutsche Financial Bank Ag has invested 0% in Federal Agricultural Mortgage Corp. (NYSE:AGM). Qs Investors Limited Liability last reported 10 shares in the company. Nationwide Fund Advsr has 7,930 shares for 0% of their US portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 20 insider sales for $2.63 million net activity. 2,737 shares were sold by BUZBY TIMOTHY L, worth $141,640 on Monday, November 14. 3,975 shares were sold by Culver Chester J, worth $159,994 on Wednesday, August 17. 500 shares were sold by Covington John Curtis, worth $26,230. Shares for $41,300 were sold by JOHNSON MITCHELL A on Wednesday, August 31. The insider Mullery Stephen P sold 1,840 shares worth $76,065. On Friday, November 11 the insider Faivre-Davis Sara Louise sold $71,931. On Wednesday, June 1 the insider Everson Dennis A sold $10,947.
About 60,552 shares traded hands. Federal Agricultural Mortgage Corp. (NYSE:AGM) has risen 38.06% since April 27, 2016 and is uptrending. It has outperformed by 32.84% the S&P500.
Federal Agricultural Mortgage Corporation provides a secondary market for a range of loans made to borrowers in rural America. The company has a market cap of $603.79 million. The Firm operates through four divisions: Farm & Ranch, the United States Department of Agriculture (USDA) Guarantees, Rural Utilities and Institutional Credit. It has a 10.92 P/E ratio. The Firm purchases mortgage loans on agricultural real estate and rural housing under the Farm & Ranch line of business.
According to Zacks Investment Research, “The Federal Agricultural Mortgage Corporation Farmer Mac is a federally chartered instrumentality of the United States that was created to establish a secondary market for agricultural real estate and rural housing mortgage loans.”
Analysts await Federal Agricultural Mortgage Corp. (NYSE:AGM) to report earnings on March, 9.
More news for Federal Agricultural Mortgage Corp. (NYSE:AGM) were recently published by: Marketwatch.com, which released: “Federal Agricultural Mortgage Corp. Cl A” on December 22, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 11, 2011 is yet another important article.
Federal Agricultural Mortgage Corporation (Farmer Mac), incorporated in 1987, provides a secondary market for a range of loans made to borrowers in rural America. The Firm operates through four divisions: Farm & Ranch, the United States Department of Agriculture (USDA) Guarantees, Rural Utilities and Institutional Credit. The Firm sells its guarantees of securities under the AgVantage brand name.
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By Nellie Frank