the federal agricultural mortgage corporation, commonly known as farmer mac, is a stockholder-owned, government sponsored enterprise or "gse" created by congress to improve the availability of long-term credit for america's farmers, ranchers, rural homeowners, businesses and communities. farmer mac accomplishes this public policy mission by providing a secondary market for qualified agricultural mortgage loans, rural housing mortgage loans, rural utilities loans (to cooperative borrowers made by cooperative lenders) and the guaranteed portions of agricultural and rural development loans guaranteed by the u.s. department of agriculture. the farmer mac secondary market provides liquidity and lending capacity to lenders by: - purchasing newly originated and existing eligible loans directly from lenders; - exchanging loan-backed securities guaranteed by farmer mac ("farmer mac guaranteed securities") for eligible loans that back those securities in "swap" transactions; - issuing long-
Company profile
Ticker
AGM, AGM.A
Exchange
Website
CEO
Bradford Nordholm
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
521578738
AGM stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
17 Apr 24
DEF 14A
Definitive proxy
17 Apr 24
8-K
Regulation FD Disclosure
2 Apr 24
8-K
Departure of Directors or Certain Officers
11 Mar 24
10-K
2023 FY
Annual report
23 Feb 24
8-K
Farmer Mac Reports 2023 Results
23 Feb 24
8-K
Farmer Mac to Announce Fourth Quarter
9 Feb 24
8-K
Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
8 Nov 23
10-Q
2023 Q3
Quarterly report
6 Nov 23
8-K
Farmer Mac Reports Third Quarter 2023 Results
6 Nov 23
Transcripts
AGM
Earnings call transcript
2023 Q4
23 Feb 24
AGM
Earnings call transcript
2023 Q3
6 Nov 23
AGM
Earnings call transcript
2023 Q2
7 Aug 23
AGM
Earnings call transcript
2023 Q1
9 May 23
AGM
Earnings call transcript
2022 Q4
24 Feb 23
AGM
Earnings call transcript
2022 Q3
8 Nov 22
AGM
Earnings call transcript
2022 Q2
12 Aug 22
AGM
Earnings call transcript
2022 Q1
10 May 22
AGM
Earnings call transcript
2021 Q4
1 Mar 22
AGM
Earnings call transcript
2021 Q3
9 Nov 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 782.32 mm | 782.32 mm | 782.32 mm | 782.32 mm | 782.32 mm | 782.32 mm |
Cash burn (monthly) | 30.59 mm | 7.16 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 202.41 mm | 47.37 mm | n/a | n/a | n/a | n/a |
Cash remaining | 579.91 mm | 734.95 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 19.0 | 102.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
77.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 198 |
Opened positions | 25 |
Closed positions | 18 |
Increased positions | 69 |
Reduced positions | 73 |
13F shares | Current |
---|---|
Total value | 1.09 tn |
Total shares | 7.23 mm |
Total puts | 68.50 k |
Total calls | 52.00 k |
Total put/call ratio | 1.3 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 865.33 k | $133.52 bn |
FMR | 599.85 k | $92.56 bn |
Vanguard | 525.55 k | $81.09 bn |
Boston Partners | 476.39 k | $73.10 bn |
Dimensional Fund Advisors | 449.55 k | $69.37 bn |
PFG Principal Financial Group Inc - Registered Shares | 323.91 k | $49.98 bn |
Copeland Capital Management | 288.40 k | $44.50 bn |
Charles Schwab Investment Management | 240.11 k | $37.05 bn |
STT State Street | 200.40 k | $30.92 bn |
Wellington Management | 195.92 k | $30.23 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Apr 24 | Kerry T Willie | Class C Non-Voting Common Stock | Payment of exercise | Dispose F | No | No | 181.91 | 280 | 50.93 k | 2,634 |
31 Mar 24 | Todd P Ware | Class C Non-Voting Common Stock | Grant | Acquire A | No | No | 196.88 | 8 | 1.58 k | 3,385 |
31 Mar 24 | Eric T McKissack | Class C Non-Voting Common Stock | Grant | Acquire A | No | No | 196.88 | 28 | 5.51 k | 2,566 |
31 Mar 24 | Marc J Crady | Class C Non-Voting Common Stock | Payment of exercise | Dispose F | No | No | 196.88 | 591 | 116.36 k | 3,147 |
31 Mar 24 | James R Engebretsen | Class C Non-Voting Common Stock | Grant | Acquire A | No | No | 196.88 | 101 | 19.88 k | 15,075 |