Equities Analysts Issue Forecasts for AGM FY2024 Earnings

Federal Agricultural Mortgage Co. (NYSE:AGM) – Stock analysts at Seaport Res Ptn boosted their FY2024 earnings per share estimates for shares of Federal Agricultural Mortgage in a report issued on Tuesday, November 5th. Seaport Res Ptn analyst W. Ryan now anticipates that the credit services provider will post earnings of $15.80 per share for the year, up from their previous estimate of $15.70. The consensus estimate for Federal Agricultural Mortgage’s current full-year earnings is $15.95 per share. Seaport Res Ptn also issued estimates for Federal Agricultural Mortgage’s FY2025 earnings at $17.95 EPS.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.04). The firm had revenue of $411.40 million for the quarter, compared to analyst estimates 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 last year, the firm earned $4.13 EPS.

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

Federal Agricultural Mortgage Stock Performance

Shares of Federal Agricultural Mortgage stock opened at $207.78 on Friday. The firm’s fifty day simple moving average is $186.95 and its 200-day simple moving average is $186.21. Federal Agricultural Mortgage has a 12 month low of $155.11 and a 12 month high of $217.60. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.63 and a beta of 1.04. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.49.

Federal Agricultural Mortgage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Monday, December 16th. Federal Agricultural Mortgage’s dividend payout ratio is presently 36.01%.

Insiders Place Their Bets

In other news, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the transaction, the executive vice president now owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $184.55, for a total transaction of $126,416.75. Following the completion of the transaction, the director now directly owns 3,225 shares of the company’s stock, valued at $595,173.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,967 shares of company stock valued at $729,487. 2.58% of the stock is owned by company insiders.

Institutional Trading of Federal Agricultural Mortgage

Hedge funds have recently modified their holdings of the business. Captrust Financial Advisors purchased a new position in Federal Agricultural Mortgage in the first quarter worth $24,137,000. Boston Partners grew its stake in shares of Federal Agricultural Mortgage by 8.1% during the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock worth $95,435,000 after purchasing an additional 36,560 shares during the period. American Century Companies Inc. grew its stake in shares of Federal Agricultural Mortgage by 25.7% during the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock worth $32,187,000 after purchasing an additional 36,380 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Federal Agricultural Mortgage in the 3rd quarter valued at about $175,610,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage in the first quarter valued at about $205,000. 68.03% of the stock is owned by institutional investors and hedge funds.

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.