Federal Agricultural Mortgage (NYSE:AGM) Releases Earnings Results, Beats Estimates By $0.53 EPS

Federal Agricultural Mortgage (NYSE:AGM) posted its earnings results on Thursday. The credit services provider reported $5.40 EPS for the quarter, topping the consensus estimate of $4.87 by $0.53, FiscalAI reports. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%.The business had revenue of $125.01 million during the quarter, compared to the consensus estimate of $113.51 million.

Federal Agricultural Mortgage Trading Up 2.6%

NYSE AGM traded up $5.59 on Thursday, reaching $219.26. The company had a trading volume of 141,156 shares, compared to its average volume of 122,942. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.98 and a beta of 0.99. Federal Agricultural Mortgage has a 52 week low of $136.57 and a 52 week high of $221.22. The stock’s 50 day moving average is $192.04 and its 200-day moving average is $174.41. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.93.

Federal Agricultural Mortgage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 2.9%. Federal Agricultural Mortgage’s payout ratio is 36.82%.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in Federal Agricultural Mortgage in the first quarter valued at approximately $34,000. Kestra Advisory Services LLC bought a new position in shares of Federal Agricultural Mortgage during the fourth quarter worth about $40,000. Advisory Services Network LLC acquired a new stake in Federal Agricultural Mortgage in the 3rd quarter valued at approximately $48,000. Danske Bank A S bought a new stake in Federal Agricultural Mortgage in the 3rd quarter valued at approximately $50,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Federal Agricultural Mortgage by 800.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 441 shares of the credit services provider’s stock worth $77,000 after acquiring an additional 392 shares during the last quarter. 68.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on AGM shares. Keefe, Bruyette & Woods boosted their target price on shares of Federal Agricultural Mortgage from $215.00 to $228.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Weiss Ratings raised shares of Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Federal Agricultural Mortgage has an average rating of “Moderate Buy” and an average price target of $228.00.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.