Federal Agricultural Mortgage (NYSE:AGM) Announces Earnings Results

Federal Agricultural Mortgage (NYSE:AGM) announced its quarterly earnings results on Thursday. The credit services provider reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.14, Morningstar.com reports. The business had revenue of $55.79 million for the quarter. Federal Agricultural Mortgage had a return on equity of 17.17% and a net margin of 19.20%.

Federal Agricultural Mortgage stock traded down $3.46 during trading hours on Friday, reaching $78.31. The company had a trading volume of 50,886 shares, compared to its average volume of 36,019. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a 50-day simple moving average of $73.28. The stock has a market cap of $832.03 million, a price-to-earnings ratio of 9.95 and a beta of 1.26. Federal Agricultural Mortgage has a 12-month low of $55.64 and a 12-month high of $95.20.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Federal Agricultural Mortgage by 14.1% in the 4th quarter. BlackRock Inc. now owns 1,064,578 shares of the credit services provider’s stock worth $64,342,000 after purchasing an additional 131,689 shares during the period. Copeland Capital Management LLC grew its position in shares of Federal Agricultural Mortgage by 20.0% in the 2nd quarter. Copeland Capital Management LLC now owns 252,359 shares of the credit services provider’s stock worth $18,336,000 after buying an additional 42,026 shares during the last quarter. Rice Hall James & Associates LLC grew its position in shares of Federal Agricultural Mortgage by 0.3% in the 2nd quarter. Rice Hall James & Associates LLC now owns 199,965 shares of the credit services provider’s stock worth $14,529,000 after buying an additional 636 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Federal Agricultural Mortgage by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 124,136 shares of the credit services provider’s stock worth $7,502,000 after buying an additional 11,229 shares during the last quarter. Finally, Weybosset Research & Management LLC grew its position in shares of Federal Agricultural Mortgage by 0.4% in the 2nd quarter. Weybosset Research & Management LLC now owns 118,153 shares of the credit services provider’s stock worth $8,585,000 after buying an additional 472 shares during the last quarter. 63.27% of the stock is currently owned by institutional investors and hedge funds.

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: Farm & Ranch, USDA 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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Earnings History for Federal Agricultural Mortgage (NYSE:AGM)

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