Seaport Res Ptn Issues Pessimistic Estimate for AGM Earnings

Federal Agricultural Mortgage Co. (NYSE:AGM) – Investment analysts at Seaport Res Ptn dropped their Q4 2024 EPS estimates for shares of Federal Agricultural Mortgage in a report released on Tuesday, November 5th. Seaport Res Ptn analyst W. Ryan now forecasts that the credit services provider will post earnings per share of $4.11 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.

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

Federal Agricultural Mortgage Trading Up 10.1 %

AGM opened at $213.14 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $2.32 billion, a PE ratio of 13.71, a PEG 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 has a 50-day moving average price of $186.48 and a two-hundred day moving average price of $185.90.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data 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 company had revenue of $411.40 million during the quarter, compared to analyst estimates of $92.15 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.50%. During the same quarter in the previous year, the business posted $4.13 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in Federal Agricultural Mortgage during the 1st quarter worth approximately $24,137,000. Boston Partners lifted its stake in Federal Agricultural Mortgage by 8.1% in the first quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock valued at $95,435,000 after buying an additional 36,560 shares in the last quarter. American Century Companies Inc. lifted its stake in Federal Agricultural Mortgage by 25.7% in the second quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock valued at $32,187,000 after buying an additional 36,380 shares in the last quarter. International Assets Investment Management LLC bought a new position in Federal Agricultural Mortgage in the third quarter valued at approximately $175,610,000. Finally, Cetera Advisors LLC bought a new position in Federal Agricultural Mortgage in the first quarter valued at approximately $205,000. Institutional investors own 68.03% of the company’s stock.

Insider Activity

In other news, EVP Stephen P. Mullery sold 2,472 shares of the firm’s 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 transaction, the executive vice president now owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage 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 transaction, the director now owns 3,225 shares of the company’s stock, valued at $595,173.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the transaction, the executive vice president now directly owns 22,045 shares in the company, valued at $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 quarter, insiders have sold 3,967 shares of company stock valued at $729,487. 2.21% of the stock is currently owned by insiders.

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.