Equities Analysts Set Expectations for AGM FY2024 Earnings

Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) - Investment analysts at Seaport Res Ptn lifted their FY2024 earnings estimates for shares of Federal Agricultural Mortgage in a note issued to investors on Tuesday, November 5th. Seaport Res Ptn analyst W. Ryan now forecasts that the credit services provider will earn $15.80 per share for the year, up from their prior forecast 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.

Separately, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $215.00 price objective on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Federal Agricultural Mortgage Stock Down 0.6 %

NYSE:AGM traded down $1.35 on Friday, hitting $207.78. The stock had a trading volume of 68,271 shares, compared to its average volume of 54,319. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $2.26 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. Federal Agricultural Mortgage has a 1 year low of $155.11 and a 1 year high of $217.60. The firm's fifty day simple moving average is $186.75 and its two-hundred day simple moving average is $186.06.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing analysts' consensus estimates of $4.14 by ($0.04). The business had revenue of $411.40 million during 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 quarter in the prior year, the company earned $4.13 EPS.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Several large investors have recently modified their holdings of the stock. Moors & Cabot Inc. increased its stake in shares of Federal Agricultural Mortgage by 7.8% during the 3rd quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider's stock worth $237,000 after purchasing an additional 92 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in Federal Agricultural Mortgage by 10.3% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 11,425 shares of the credit services provider's stock worth $2,141,000 after buying an additional 1,065 shares during the period. Quest Partners LLC boosted its holdings in Federal Agricultural Mortgage by 141.8% in the 3rd quarter. Quest Partners LLC now owns 5,022 shares of the credit services provider's stock worth $941,000 after buying an additional 2,945 shares during the period. Thrivent Financial for Lutherans bought a new position in Federal Agricultural Mortgage in the 3rd quarter worth approximately $3,949,000. Finally, Empowered Funds LLC boosted its holdings in Federal Agricultural Mortgage by 4.8% in the 3rd quarter. Empowered Funds LLC now owns 42,982 shares of the credit services provider's stock worth $8,055,000 after buying an additional 1,962 shares during the period. Hedge funds and other institutional investors own 68.03% of the company's stock.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction dated 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 owns 22,045 shares in the company, valued at approximately $4,018,362.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Sara Louise Faivre-Davis sold 685 shares of the firm's stock in a transaction that occurred on 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 sale, the director now owns 3,225 shares in the company, valued at $595,173.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the firm'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 transaction of $450,596.16. Following the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,967 shares of company stock worth $729,487. Insiders own 2.58% of the company's stock.

Federal Agricultural Mortgage Dividend Announcement

The company 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 $1.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $5.60 annualized dividend and a yield of 2.70%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is 36.01%.

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.