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)
10-Q
2024 Q1
Quarterly report
6 May 24
8-K
Farmer Mac Reports First Quarter 2024 Results
6 May 24
8-K
Farmer Mac to Announce
22 Apr 24
DEFR14A
Revised proxy
18 Apr 24
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
Transcripts
AGM
Earnings call transcript
2024 Q1
6 May 24
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 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
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) | 225.36 mm | 52.75 mm | n/a | n/a | n/a | n/a |
Cash remaining | 556.96 mm | 729.57 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 18.2 | 101.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
6.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 26 |
Opened positions | 2 |
Closed positions | 179 |
Increased positions | 6 |
Reduced positions | 8 |
13F shares | Current |
---|---|
Total value | 102.34 bn |
Total shares | 633.76 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Copeland Capital Management | 284.95 k | $54.49 bn |
Weybosset Research & Management | 119.83 k | $22.91 bn |
International Assets Investment Management | 95.61 k | $500.00 k |
Raymond James & Associates | 61.92 k | $11.84 bn |
Allspring Global Investments | 28.36 k | $5.42 bn |
Riverwater Partners | 11.37 k | $2.17 bn |
Capital Advisory Group Advisory Services | 8.42 k | $1.61 bn |
Everett Harris & Co | 5.05 k | $965.09 mm |
Global Retirement Partners | 3.80 k | $681.35 mm |
Ellsworth Advisors | 3.04 k | $580.80 mm |
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 |
News
Keefe, Bruyette & Woods Reiterates Outperform on Federal Agricultural, Lowers Price Target to $212
8 May 24
Federal Agricultural Q1 2024 Adj EPS $3.96 Misses $4.06 Estimate, Sales $89.103M Miss $92.255M Estimate
6 May 24
Federal Agricultural Mortgage Raises Quarterly Common Stock Dividend By 27% From $1.10 To $1.40 Per Share
23 Feb 24
Federal Agricultural Q4 Adj EPS $4.10 Beats $4.05 Estimate
23 Feb 24
Earnings Scheduled For February 23, 2024
23 Feb 24