Federal Agricultural Mortgage Co. (NYSE:AGM – Get Rating) – Analysts at Seaport Res Ptn issued their FY2022 EPS estimates for Federal Agricultural Mortgage in a research report issued on Monday, January 23rd. Seaport Res Ptn analyst W. Ryan expects that the credit services provider will post earnings of $11.15 per share for the year. Seaport Res Ptn currently has a “Buy” rating on the stock. Seaport Res Ptn also issued estimates for Federal Agricultural Mortgage’s Q4 2022 earnings at $2.89 EPS, FY2023 earnings at $12.05 EPS and FY2024 earnings at $13.10 EPS.
Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last issued its earnings results on Monday, November 7th. The credit services provider reported $3.07 earnings per share for the quarter. The business had revenue of $72.05 million for the quarter. Federal Agricultural Mortgage had a net margin of 28.78% and a return on equity of 20.26%.
Federal Agricultural Mortgage Stock Down 0.9 %
Shares of NYSE:AGM opened at $126.00 on Wednesday. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 9.47 and a beta of 1.00. The firm’s 50-day simple moving average is $120.17 and its 200-day simple moving average is $112.33. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.52. Federal Agricultural Mortgage has a fifty-two week low of $90.38 and a fifty-two week high of $130.03.
Federal Agricultural Mortgage Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Wednesday, December 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 28.57%.
Insider Activity at Federal Agricultural Mortgage
In related news, Director Dennis L. Brack sold 600 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $125.74, for a total value of $75,444.00. Following the completion of the sale, the director now owns 7,966 shares in the company, valued at $1,001,644.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.21% of the company’s stock.
Hedge Funds Weigh In On Federal Agricultural Mortgage
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new stake in shares of Federal Agricultural Mortgage during the second quarter worth about $26,000. Larson Financial Group LLC purchased a new stake in shares of Federal Agricultural Mortgage during the third quarter worth about $33,000. Point72 Hong Kong Ltd purchased a new stake in shares of Federal Agricultural Mortgage during the third quarter worth about $52,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Federal Agricultural Mortgage by 354.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 614 shares of the credit services provider’s stock worth $61,000 after buying an additional 479 shares in the last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of Federal Agricultural Mortgage during the third quarter worth about $63,000. Institutional investors and hedge funds own 66.13% 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: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.
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