Seaport Res Ptn Has Pessimistic Outlook of AGM Q4 Earnings

Federal Agricultural Mortgage Co. (NYSE:AGM) – Equities researchers at Seaport Res Ptn lowered their Q4 2024 earnings per share estimates for Federal Agricultural Mortgage in a research report issued on Tuesday, November 5th. Seaport Res Ptn analyst W. Ryan now anticipates that the credit services provider will earn $4.11 per share for the quarter, down from their previous forecast of $4.15. The consensus estimate for Federal Agricultural Mortgage’s current full-year earnings is $15.95 per share.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $215.00 price target on shares of Federal Agricultural Mortgage in a report on Tuesday, August 6th.

Federal Agricultural Mortgage Stock Performance

NYSE:AGM opened at $208.97 on Thursday. The stock has a market capitalization of $2.27 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68. Federal Agricultural Mortgage has a 1 year low of $155.11 and a 1 year high of $217.60. The firm has a 50 day moving average of $186.75 and a 200-day moving average of $186.06.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.04). The firm had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.50% and a net margin of 12.59%. During the same period in the previous year, the company posted $4.13 EPS.

Insider Buying and Selling

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total value of $129,417.05. Following the completion of the sale, the director now owns 4,595 shares in the company, valued at approximately $868,133.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the completion of the sale, the executive vice president now directly owns 22,045 shares in the company, valued at $4,018,362.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total value of $129,417.05. Following the sale, the director now directly owns 4,595 shares of the company’s stock, valued at $868,133.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,967 shares of company stock worth $729,487 in the last 90 days. Corporate insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Institutional investors and hedge funds have recently modified their holdings of the business. Atria Investments Inc raised its position in shares of Federal Agricultural Mortgage by 0.7% during the 3rd quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider’s stock valued at $1,637,000 after acquiring an additional 57 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Federal Agricultural Mortgage by 1.8% in the third quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock valued at $724,000 after buying an additional 70 shares during the period. US Bancorp DE boosted its holdings in Federal Agricultural Mortgage by 7.3% during the third quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock worth $207,000 after buying an additional 75 shares during the last quarter. nVerses Capital LLC increased its stake in shares of Federal Agricultural Mortgage by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 300 shares of the credit services provider’s stock valued at $56,000 after acquiring an additional 100 shares during the last quarter. Finally, Riverwater Partners LLC raised its position in shares of Federal Agricultural Mortgage by 1.1% in the 3rd quarter. Riverwater Partners LLC now owns 11,530 shares of the credit services provider’s stock valued at $2,095,000 after acquiring an additional 122 shares during the period. 68.03% of the stock is owned by institutional investors.

Federal Agricultural Mortgage Company Profile

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.