Seaport Res Ptn Issues Pessimistic Estimate for AGM Earnings

Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) - Stock analysts at Seaport Res Ptn decreased their Q4 2024 earnings per share (EPS) estimates for shares of Federal Agricultural Mortgage in a report released on Tuesday, November 5th. Seaport Res Ptn analyst W. Ryan now anticipates that the credit services provider will post earnings of $4.11 per share for the quarter, down from their previous estimate of $4.15. The consensus estimate for Federal Agricultural Mortgage's current full-year earnings is $15.95 per share.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its quarterly earnings data 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). Federal Agricultural Mortgage had a return on equity of 20.50% and a net margin of 12.59%. The firm had revenue of $411.40 million for the quarter, compared to analysts' expectations of $92.15 million. During the same period in the previous year, the firm earned $4.13 earnings per share.

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

Federal Agricultural Mortgage Trading Down 2.0 %

Shares of AGM stock traded down $4.17 during trading hours on Thursday, reaching $208.97. 60,489 shares of the stock were exchanged, compared to its average volume of 54,255. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. Federal Agricultural Mortgage has a 12-month low of $155.11 and a 12-month high of $217.60. The company's 50-day moving average price is $186.75 and its 200-day moving average price is $186.06. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 685 shares of the business's stock in a transaction 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 directly owns 3,225 shares of the company's stock, valued at approximately $595,173.75. The trade was 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 this link. In related news, EVP Stephen P. Mullery sold 2,472 shares of the 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 $4,018,362.60. This 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 is available through the SEC website. Also, Director Sara Louise Faivre-Davis sold 685 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the transaction, the director now owns 3,225 shares in the company, valued at $595,173.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,967 shares of company stock valued at $729,487 in the last quarter. 2.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Federal Agricultural Mortgage

A number of hedge funds and other institutional investors have recently made changes to their positions in AGM. Atria Investments Inc raised its holdings in shares of Federal Agricultural Mortgage by 0.7% in the third 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 in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Federal Agricultural Mortgage by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider's stock valued at $724,000 after purchasing an additional 70 shares in the last quarter. US Bancorp DE raised its holdings in shares of Federal Agricultural Mortgage by 7.3% in the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider's stock valued at $207,000 after purchasing an additional 75 shares in the last quarter. nVerses Capital LLC lifted its position 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 worth $56,000 after purchasing an additional 100 shares during the period. Finally, Riverwater Partners LLC boosted its stake in shares of Federal Agricultural Mortgage by 1.1% during the third quarter. Riverwater Partners LLC now owns 11,530 shares of the credit services provider's stock valued at $2,095,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 68.03% of the company's stock.

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.