Federal Agricultural Mortgage Corporation (AGM) Stock Price & Analysis
Federal Agricultural Mortgage Corporation (AGM) closed at USD 199.64 on Friday, October 23, 2026, down 0.88% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 201.42; the Oct 23, 2026 session ranged USD 198.57–200.93 on volume of 69,260 shares. Market capitalization is $2.17B, with a 52-week range of USD 136.57–248.29 (NYQ). Source: Nexqual, retrieved October 24, 2026 at 10:55 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AGM.md
Key facts (AGM)
- Last four reported quarters (through Jun 30, 2026): revenue $446M, net income $229M (51.4% margin) (SEC filings).
- Valuation: P/E 9.5x (avg 10.1x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 1.50 on a 1–5 scale) (2 analysts), mean target USD 257 (range 254–262).
- Total return with dividends: 1Y +26.6% vs S&P 500 +13.4%; 5Y +85.6% vs S&P 500 +76.9%.
- Next earnings: 2026-11-05, EPS estimate USD 5.2, revenue estimate $121M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AGM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $245M | $310M | $351M | $375M | $408M | $446M |
| Net income | $136M | $178M | $200M | $207M | $207M | $229M |
| EPS (diluted) | $10.27 | $13.87 | $15.81 | $16.44 | $16.62 | — |
| Free cash flow | — | $809M | $376M | $607M | $80.1M | — |
| Net margin | 55.5% | 57.5% | 57.0% | 55.2% | 50.8% | 51.4% |
| Revenue growth | +14.6% | +26.4% | +13.4% | +6.8% | +8.9% | — |
| Cash + short-term investments | $909M | $861M | $889M | $1.02B | $931M | — |
| Total debt | $22.8B | $25.0B | $26.6B | $27.5B | $30.8B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AGM)
P/E 9.5x · P/S 4.9x · P/B 1.2x · Earnings yield 10.57%
P/E at fiscal year-ends: Dec 2025 9.3x, Dec 2024 10.4x, Dec 2023 10.5x.
Analysts (AGM)
Consensus Buy (mean 1.50 on a 1–5 scale), 2 analysts; mean target USD 257 (low 254, high 262).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-03 | Keefe, Bruyette & Woods | Target raised | Outperform | $228 → $255 |
Total return (dividends reinvested) (AGM)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +26.6% | +85.6% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +26.7% | +13.2% |
| Volatility (annualized) | 30.9% | 29.1% |
| Max drawdown | -23.2% (Dec 2025→Mar 2026) | -31.3% (Aug 2025→Mar 2026) |
Companies that name AGM in their SEC reports
| Relationship to AGM | Company | Filing | Sentence |
|---|---|---|---|
| partner | NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ (NRUC) | 10-K Jul 31, 2026 | “We also have access to funds through bank revolving line of credit arrangements, government-guaranteed programs such as funding from the Federal Financing Bank that is guaranteed by RUS through the Guaranteed Underwriter Program of the USDA (the "Guaranteed Underwriter Program"), as well as a revolving note purchase agreement with the Federal Agricultural Mortgage Corporation ("Farmer Mac").” |
| partner | GLADSTONE LAND Corp (LAND) | 10-K Feb 24, 2026 | “As amended, our agreement with Federal Agricultural Mortgage Corporation ("Farmer Mac") currently provides for bond issuances up to an aggregate amount of $225.0 million (the "Farmer Mac Facility") by December 31, 2026, after which Farmer Mac has no obligation to purchase additional bonds under this facility.” |
| partner | Farmland Partners Inc. (FPI) | 10-K Feb 19, 2026 | “The Operating Partnership has a bond purchase agreement entered into in October 2022 and amended in December 2025 (the "Farmer Mac Facility") with Federal Agricultural Mortgage Corporation and its wholly owned subsidiary, Farmer Mac Mortgage Securities Corporation (collectively, "Farmer Mac").” |
| partner | PRUDENTIAL FINANCIAL INC (PFH) | 10-K Feb 12, 2026 | “In September 2023, as an additional source of liquidity, the Company entered into an agreement with the Federal Agricultural Mortgage Corporation ("Farmer Mac"), under which the Company can borrow up to $750 million by issuing funding agreements to a subsidiary of Farmer Mac, with borrowings secured by a pledge of certain eligible agricultural property loans.” |
AGM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $5.20 | $4.89 | +6.3% | $121.3M | 3 |
| Next quarter (ends Dec 2026) | $5.36 | $5.03 | +6.4% | $124.4M | 3 |
| Current fiscal year (ends Dec 2026) | $20.70 | $19.52 | +6.0% | $480.8M | 3 |
| Next fiscal year (ends Dec 2027) | $23.07 | $21.35 | +8.1% | $543.2M | 3 |
AGM options: expected move
Options price a move of about ±7.7% (±$15.40) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±6.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 27 | 34.8% | ±7.7% |
| Dec 18, 2026 | 55 | 29.8% | ±9.5% |
| Jan 15, 2027 | 83 | 28.8% | ±11.0% |
| Feb 19, 2027 | 118 | 28.9% | ±13.1% |
| May 21, 2027 | 209 | 29.8% | ±17.9% |
30-day implied volatility 33.4% vs 20% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 24, 2026 at 10:55 UTC)
| Price | USD 199.64 |
|---|---|
| Change | ▼ 0.88% (down) |
| Previous Close | USD 201.42 |
| Open | USD 199.28 |
| Day Range | USD 198.57 – 200.93 |
| 52-Week Range | USD 136.57 – 248.29 |
| Volume | 69,260 shares |
| Market Cap | $2.17B |
| Exchange | NYQ |
Technical Analysis (AGM)
Nexqual's technical model rates AGM "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 24, 2026 at 10:55 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 32.01 (neutral) |
| vs SMA50 | Below (USD 216.23) |
| MACD | -4.74 (negative) |
Analyst Ratings (AGM)
Wall Street analysts rate AGM "Buy" based on 2 analysts, with a mean price target of USD 257 (range USD 254–262), per Nexqual as of October 24, 2026 at 10:55 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 257 |
| High Target | USD 262 |
| Low Target | USD 254 |
| Buy / Hold / Sell | 2 / 0 / 0 |
Earnings (AGM)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 5.2 |
| Revenue Estimate | $121.29M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 5.4 vs est 4.87 ▲ beat |
| 2026-03-31 | USD 4.74 vs est 4.44 ▲ beat |
| 2025-12-31 | USD 3.66 vs est 4.53 ▼ miss |
| 2025-09-30 | USD 4.52 vs est 4.47 ▲ beat |
Source: Nexqual, October 24, 2026 at 10:55 UTC.
Financials & Fundamentals (AGM)
| Total Revenue | $408.69M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +24.90% |
| Gross Margin | +100.00% |
| Operating Margin | +69.73% |
| Profit Margin | +56.03% |
| ROE | +13.48% |
| Debt / Equity | 19.94 |
| Current Ratio | 1.5 |
| Total Cash | $1.05B |
| Total Debt | $36.98B |
Source: Nexqual, October 24, 2026 at 10:55 UTC.
Financial Health Score (AGM)
Nexqual rates Federal Agricultural Mortgage Corporation's overall financial health "Solid" across five dimensions, as of October 24, 2026 at 10:55 UTC.
| Growth | Solid — Revenue +13% YoY (annual) |
|---|---|
| Profitability | Strong — Net margin 44% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Federal & Federally-Sponsored Credit Agencies) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Federal & Federally-Sponsored Credit Agencies) |
| Efficiency | Mixed — ROE 13%, ROA 0.6% |
Ownership (AGM)
| Insider Ownership | +1.70% |
|---|---|
| Institutional Ownership | +88.07% |
| Shares Outstanding | 9.32M |
| Float | 10.20M |
| Short % of Float | +4.56% |
Source: Nexqual, October 24, 2026 at 10:55 UTC.
Leadership (AGM)
Federal Agricultural Mortgage Corporation is led by Zachary N. Carpenter, President & CEO, per Nexqual as of October 24, 2026 at 10:55 UTC.
| President & CEO | Zachary N. Carpenter |
|---|---|
| Executive VP, CFO & Treasurer | Matthew Michael Pullins |
| Senior Director of Investor Relations & Finance Strategy | Jalpa Nazareth |
| Senior Director of Governance, Risk & Compliance | Michelle Nichols |
| Vice President of Marketing & Corporate Communications | Lisa Meyer |
Major Backers & Investors (AGM)
Notable institutional backers of Federal Agricultural Mortgage Corporation include Thrivent Financial For Lutherans, Charles Schwab Investment Management, Inc., American Century Companies Inc, according to Nexqual as of October 24, 2026 at 10:55 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Thrivent Financial For Lutherans | 4.85% |
| Charles Schwab Investment Management, Inc. | 3.78% |
| American Century Companies Inc | 3.75% |
| Principal Financial Group, Inc. | 3.71% |
| Wellington Management | 3.52% |
| CAPTRUST Financial Advisors | 3.51% |
| Boston Partners | 3.12% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.41% |
| Dimensional Fund Advisors | 4.83% |
| Vanguard Group | 4.26% |
Source: Nexqual, October 24, 2026 at 10:55 UTC.
From Federal Agricultural Mortgage Corporation's Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- When the securities of these trusts are held by third parties, the trusts are consolidated in our consolidated financial statements because our rights as master servicer allow us to control the default mitigation activities of the trusts. •Structured securitization trusts: In these transactions, we issue securities representing interests in eligible Farm & Ranch loans held by a trust.
- We consolidate these trusts when the securities are owned by third parties and our rights as master servicer allow us to control the default mitigation activities of the trusts.
- Our Infrastructure Finance line of business encompasses purchases of Power & Utilities, Broadband Infrastructure, and Renewable Energy obligations as well as LTSPCs for pools of eligible Power & Utilities loans.
- The Power & Utilities, Broadband Infrastructure, and Renewable Energy segments are within our Infrastructure Finance line of business through the provision in our Charter that authorizes the purchase of, and guarantee of securities backed by, loans for electric (including renewable electric energy) or telecommunications facilities by lenders organized as cooperatives to borrowers that have received or are eligible to receive loans under the Rural Electrification Act of 1936 ("REA").
Partnerships
- We therefore seek to fulfill our mission of serving the financing needs of rural America in a way that is consistent with providing a return on the investment of our stockholders.
- Detailed succession plans are crafted in partnership with key leaders in the business to identify and develop high potential leaders to promote career readiness for expanded responsibilities and roles in Farmer Mac.
Legal & Regulatory Risks (Item 1A, quoted)
- We are a GSE that may be materially and adversely affected by legislative or political developments.
- We are a GSE with a statutory Charter that may be amended by Congress at any time, and we are also regulated by government agencies, including the FCA and the SEC.
- We and many of our business counterparties are subject to comprehensive government regulation, and changes to those laws and regulations could adversely affect our business, operating results, reputation, or financial condition.
- Our capital requirements may change, and failure to meet those requirements could result in supervisory measures or our inability to declare dividends, or otherwise materially and adversely affect our business, operating results, or financial condition.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 10:55 UTC. This page is informational and not investment advice.
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