Federal Agricultural Mortgage
AGM
Market cap $1.99B

182.71 USD

-0.37

0.20%

At close Oct 10, 4:00 PM EDT

1 day

-0.20%

5 days

-1.02%

1 month

-0.03%

3 months

-2.69%

6 months

-0.95%

Year to date

-2.29%

1 year

20.68%

5 years

127.14%

About: Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA.

Employees: 185

Financials Federal & Federally-sponsored Credit Agencies

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

20% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]

1% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 79

1.66% less ownership

Funds ownership: 80.86% [Q1] → 79.2% (-1.66%) [Q2]

4% less funds holding

Funds holding: 230 [Q1] → 221 (-9) [Q2]

8% less capital invested

Capital invested by funds: $1.45B [Q1] → $1.34B (-$119M) [Q2]

29% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 31

45% less call options, than puts

Call options by funds: $8.17M | Put options by funds: $14.8M

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$205

12%

upside

Avg. target

$212

16%

upside

High target

$215

18%

upside

3 analyst ratings

0 positive

0%

3 neutral

100%

0 negative

0%

Keefe, Bruyette & Woods Bose George 81% 1-year accuracy 26 / 32 met price target	12%upside $205	Market Perform Reiterated	8 Aug 2024
Keefe, Bruyette & Woods Bose George 81% 1-year accuracy 26 / 32 met price target	18%upside $215	Market Perform Maintained	6 Aug 2024
Keefe, Bruyette & Woods Bose George 81% 1-year accuracy 26 / 32 met price target	18%upside $215	Market Perform Downgraded	29 Jul 2024

See Analyst Rankings

Financial journalist opinion

Farmer Mac: All Models Point To Undervaluation

Despite negative EPS revisions and near-term declines in momentum, Farmer Mac has maintained impressive growth and profitability metrics. My fair value estimates suggest the stock is undervalued by 20%-40%, with potential upside driven by favorable macroeconomic trends and government policies. A solid dividend track record with a double-digit CAGR over the past five years makes it a compelling option for dividend growth investors.

Farmer Mac: All Models Point To Undervaluation

Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock

WASHINGTON , Aug. 7, 2024 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a third quarter dividend of $1.40 per share for each of Farmer Mac's three classes of common stock – Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend will be payable on September 30, 2024 to holders of record of common stock as of September 16, 2024.

Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock

Federal Agricultural Mortgage Corporation (AGM) Q2 2024 Earnings Call Transcript

Federal Agricultural Mortgage Corporation (NYSE:AGM ) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Jalpa Nazareth - Senior Director, IR and Finance Strategy Bradford Nordholm - President and CEO Aparna Ramesh - EVP, CFO and Treasurer Zachary Carpenter - EVP, Chief Business Officer Marc Crady - SVP, Chief Credit Officer Conference Call Participants Bose George - KBW William Ryan - Seaport Research Partners Brendan McCarthy - Sidoti Operator Good afternoon ladies and gentlemen, and welcome to the Farmer Mac Second Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.

Federal Agricultural Mortgage Corporation (AGM) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Federal Agricultural Mortgage (AGM) Q2 Earnings and Revenues Miss Estimates

Federal Agricultural Mortgage (AGM) came out with quarterly earnings of $3.63 per share, missing the Zacks Consensus Estimate of $4.09 per share. This compares to earnings of $3.86 per share a year ago.

Federal Agricultural Mortgage (AGM) Q2 Earnings and Revenues Miss Estimates

Farmer Mac Reports Second Quarter 2024 Results

- Outstanding Business Volume of $28.8 Billion - WASHINGTON , Aug. 5, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced its results for the fiscal quarter ended June 30, 2024. "We are pleased to deliver another strong earnings quarter, driven by our successful efforts over the last few years to grow and diversify our revenue streams, while maintaining disciplined asset liability management and a strong capital base," said President and Chief Executive Officer, Brad Nordholm.

Farmer Mac Reports Second Quarter 2024 Results

Farmer Mac to Announce Second Quarter 2024 Financial Results

WASHINGTON , July 22, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended June 30, 2024, on Monday, August 5, 2024, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m.

Farmer Mac to Announce Second Quarter 2024 Financial Results

2 Preferred Stocks To Buy And Hold Forever

6-7% yields, QDI, and strong coverage, I plan to own these picks forever. Today's investors are mostly traders due to their extremely short holding periods. I collect income from low-stress securities to make my portfolio management easier.

2 Preferred Stocks To Buy And Hold Forever

Farmer Mac Wins Washington Post Top Workplaces Award

WASHINGTON , June 21, 2024 /PRNewswire/ -- Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it has been recognized by The Washington Post with a 2024 Top Workplaces award for the greater Washington area. This respected employer recognition program celebrates organizations that have built exceptional workplace cultures.

Farmer Mac Wins Washington Post Top Workplaces Award

Farmer Mac to Redeem Outstanding Series C Preferred Stock

WASHINGTON , June 17, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.PRC) has announced that it intends to provide notice to the holders of its 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (the "Series C Preferred Stock") of the redemption of all of its outstanding 3,000,000 shares of Series C Preferred Stock. Farmer Mac will redeem the Series C Preferred Stock for a redemption price of $25.00 per share, plus any declared and unpaid dividends through and including the redemption date.

Farmer Mac to Redeem Outstanding Series C Preferred Stock

Federal Agricultural Mortgage: Stable Earnings Stream With Above-Average Growth Prospects

Federal Agricultural Mortgage stock has increased by 117% since 2019, with earnings up 90%. The company has demonstrated outstanding performance in managing credit risk, interest rate risk, and leverage risk. Farmer Mac has a strong competitive advantage as a government-sponsored enterprise, with a moat that provides lower debt costs than even the best peers.

Federal Agricultural Mortgage: Stable Earnings Stream With Above-Average Growth Prospects

See News Rankings

Charts implemented using Lightweight Charts™