Sidoti Csr Has Positive Forecast for AGM FY2025 Earnings

Federal Agricultural Mortgage Corporation (NYSE:AGM) – Equities research analysts at Sidoti Csr lifted their FY2025 earnings per share estimates for Federal Agricultural Mortgage in a research note issued to investors on Wednesday, November 5th. Sidoti Csr analyst B. Mccarthy now forecasts that the credit services provider will post earnings of $17.42 per share for the year, up from their previous estimate of $17.32. The consensus estimate for Federal Agricultural Mortgage’s current full-year earnings is $17.60 per share.

Several other brokerages have also recently issued reports on AGM. Keefe, Bruyette & Woods upgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and boosted their price target for the company from $217.00 to $219.00 in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Federal Agricultural Mortgage in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Federal Agricultural Mortgage currently has a consensus rating of “Moderate Buy” and an average target price of $219.00.

Federal Agricultural Mortgage Stock Up 1.1%

Shares of NYSE AGM opened at $164.01 on Friday. The firm has a fifty day simple moving average of $174.09 and a two-hundred day simple moving average of $182.09. Federal Agricultural Mortgage has a 12 month low of $155.00 and a 12 month high of $217.14. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $1.79 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 0.82 and a beta of 0.95.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Monday, November 3rd. The credit services provider reported $4.52 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.09. The company had revenue of $105.09 million during the quarter, compared to analyst estimates of $100.94 million. Federal Agricultural Mortgage had a return on equity of 18.86% and a net margin of 13.14%.

Institutional Trading of Federal Agricultural Mortgage

A number of institutional investors and hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its holdings in shares of Federal Agricultural Mortgage by 11.4% during the third quarter. Thrivent Financial for Lutherans now owns 420,679 shares of the credit services provider’s stock valued at $70,665,000 after purchasing an additional 43,160 shares in the last quarter. Boston Partners lifted its stake in Federal Agricultural Mortgage by 1.1% during the 2nd quarter. Boston Partners now owns 420,637 shares of the credit services provider’s stock valued at $80,137,000 after acquiring an additional 4,764 shares during the period. Captrust Financial Advisors lifted its stake in Federal Agricultural Mortgage by 6.2% during the 2nd quarter. Captrust Financial Advisors now owns 295,353 shares of the credit services provider’s stock valued at $57,381,000 after acquiring an additional 17,233 shares during the period. American Century Companies Inc. boosted its holdings in shares of Federal Agricultural Mortgage by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 263,396 shares of the credit services provider’s stock valued at $51,173,000 after acquiring an additional 18,846 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Federal Agricultural Mortgage by 1.6% in the second quarter. Geode Capital Management LLC now owns 223,157 shares of the credit services provider’s stock worth $43,360,000 after acquiring an additional 3,550 shares during the period. Institutional investors own 68.03% of the company’s stock.

Insider Buying and Selling

In related news, EVP Zachary Carpenter sold 293 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $205.09, for a total transaction of $60,091.37. Following the sale, the executive vice president directly owned 10,532 shares of the company’s stock, valued at approximately $2,160,007.88. This represents a 2.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Bradford T. Nordholm sold 4,224 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $206.12, for a total transaction of $870,650.88. Following the completion of the transaction, the chief executive officer owned 32,770 shares in the company, valued at approximately $6,754,552.40. This represents a 11.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,017 shares of company stock worth $1,240,807 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, December 15th. Federal Agricultural Mortgage’s payout ratio is currently 34.17%.

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.