AGM
Federal Agricultural Mortgage Corporation
NYSEUSDEQUITY
Financial Services
DELAYED
Last price
220.84
▼ 0.01 (0.00%)
MARKET · —
Price
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Open
220.85
Prev close
220.85
Day high
222.91
Day low
219.25
Volume
102.61K
Market cap
$2.40B
P/E (TTM)
12.07
52W range
136.57 – 248.29
Trailing performance
Returnvs SPY
1W
-5.10%
-3.7%
1M
+7.48%
+3.7%
3M
+24.76%
+21.7%
6M
+47.76%
+36.7%
YTD
+25.78%
+13.5%
1Y
+12.67%
-7.3%
3Y
+27.64%
-46.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on AGM open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
175.17K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 3, 26 | BRINCH BRIAN M Officer |
CONVERSION | 939 | $113.04K | Direct |
| Jun 30, 26 | ENGEBRETSEN JAMES R Director |
STOCK | 86 | $17.14K | Direct |
| Jun 30, 26 | GALES AMY H Director |
STOCK | 101 | $20.13K | Direct |
| Jun 30, 26 | MCKISSACK ERIC T Director |
STOCK | 21 | $4.18K | Direct |
| Jun 30, 26 | SEXTON ROBERT G Director |
STOCK | 42 | $8.37K | Direct |
| Jun 30, 26 | WARE TODD P. Director |
STOCK | 21 | $4.18K | Direct |
| Jun 30, 26 | LOGAN LYLE Director |
STOCK | 46 | $9.17K | Direct |
| Jun 30, 26 | JUNKINS LOWELL L Director |
STOCK | 7 | $1.40K | Direct |
| May 14, 26 | CRAWFORD DALE E Director |
STOCK | 386 | $0 | Direct |
| May 14, 26 | LOGAN LYLE Director |
STOCK | 386 | $0 | Direct |
| Mar 31, 26 | ENGEBRETSEN JAMES R Director |
STOCK | 116 | $17.21K | Direct |
| Mar 31, 26 | GALES AMY H Director |
STOCK | 136 | $20.18K | Direct |
| Mar 31, 26 | MCKISSACK ERIC T Director |
STOCK | 14 | $2.08K | Direct |
| Mar 31, 26 | PLAGGE JEFFREY L Director |
STOCK | 56 | $8.31K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BRINCH BRIAN M |
Officer | 10.33K | Conversion of Exercise of derivative security |
CARPENTER ZACHARY |
President | 12.81K | Stock Award(Grant) |
DAVIDSON RICHARD H |
Director | 14.65K | Stock Award(Grant) |
ENGEBRETSEN JAMES R |
Director | 16.84K | Stock Award(Grant) |
JOHNSON MITCHELL A |
Director | 8.58K | Stock Award(Grant) |
JUNKINS LOWELL L |
Director | 10.93K | Stock Award(Grant) |
MULLERY STEPHEN P |
General Counsel | 19.44K | Stock Award(Grant) |
NORDHOLM BRADFORD T |
Chief Executive Officer | 41.60K | Stock Award(Grant) |
RAMESH APARNA |
Chief Financial Officer | 10.80K | Conversion of Exercise of derivative security |
SEXTON ROBERT G |
Director | 14.27K | Stock Award(Grant) |
Fundamentals
Market cap$2.40B
Enterprise value$38.93B
Revenue (TTM)$408.69M
Gross profit$408.69M
EBITDA—
Net income$200.05M
EPS (TTM)$18.29
Free cash flow—
Total cash$1.05B
Total debt$36.98B
Book value / share$115.18
Shares outstanding9.32M
Float10.20M
Short % of float0.45%
Dividend yield2.85%
Beta (5Y)1.00
Valuation & profitability ratios
Trailing P/E12.07
Forward P/E9.54
PEG ratio0.82
Price / sales—
Price / book1.92
EV / revenue95.25
EV / EBITDA—
Gross margin100.00%
Operating margin69.73%
Profit margin56.03%
Return on equity13.48%
Return on assets0.63%
Debt / equity1,994.18
Current ratio1.50
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $408.37M | $375.07M | $351.06M | $309.11M | +8.9% |
| Operating revenue | $408.37M | $375.07M | $351.06M | $309.11M | +8.9% |
| Selling, general & admin | $115.94M | $102.21M | $93.88M | $78.54M | +13.4% |
| Pre-tax income | $255.71M | $258.10M | $253.10M | $225.68M | -0.9% |
| Tax provision | $48.30M | $50.91M | $53.10M | $47.53M | -5.1% |
| Net income | $207.41M | $207.19M | $200.00M | $178.14M | +0.1% |
| Net income to common | $182.49M | $180.43M | $172.84M | $150.98M | +1.1% |
| Basic EPS | 16.73 | 16.59 | 15.97 | 14.00 | +0.8% |
| Diluted EPS | 16.62 | 16.44 | 15.81 | 13.87 | +1.1% |
| Basic shares | 10.91M | 10.87M | 10.83M | 10.79M | +0.3% |
| Diluted shares | 10.98M | 10.97M | 10.94M | 10.88M | +0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $906.59M | $1.01B | $883.60M | $861.00M | -10.0% |
| Accounts receivable | $357.15M | $310.59M | $287.13M | $229.06M | +15.0% |
| Total assets | $35.37B | $31.32B | $29.52B | $27.33B | +12.9% |
| Current debt | $11.27B | $10.44B | $8.09B | $8.03B | +8.0% |
| Long-term debt | $21.92B | $29.30B | $19.60B | $17.62B | -25.2% |
| Total debt | $33.19B | $29.30B | $27.69B | $25.65B | +13.3% |
| Total liabilities | $33.65B | $29.84B | $28.11B | $26.06B | +12.8% |
| Retained earnings | $1.05B | $943.24M | $823.72M | $698.53M | +11.0% |
| Shareholder equity | $1.72B | $1.49B | $1.41B | $1.27B | +15.4% |
| Net tangible assets | $1.72B | $1.49B | $1.41B | $1.27B | +15.4% |
| Shares issued | 10.86M | 10.89M | 10.84M | 10.80M | -0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $207.41M | $207.19M | $200.00M | $178.14M | +0.1% |
| Stock-based compensation | $8.34M | $8.09M | $6.80M | $4.62M | +3.1% |
| Change in working capital | $22.39M | $173.75M | $43.62M | -$130.50M | -87.1% |
| Operating cash flow | $80.06M | $612.65M | $375.80M | $809.27M | -86.9% |
| Capital expenditure | — | -$5.27M | — | — | — |
| Investing cash flow | -$3.81B | -$1.68B | -$1.96B | -$3.04B | -126.6% |
| Share buybacks | -$12.89M | -$75.00M | $0 | $0 | +82.8% |
| Dividends paid | -$89.04M | -$86.05M | -$74.82M | -$68.17M | -3.5% |
| Financing cash flow | $3.64B | $1.21B | $1.61B | $2.19B | +202.0% |
| Free cash flow | $80.06M | $607.37M | $375.80M | $809.27M | -86.8% |
| End cash position | $931.07M | $1.02B | $888.71M | $861.00M | -9.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $125.01M | $109.13M | $107.50M | $103.92M | $102.63M | +14.6% |
| Operating revenue | $125.01M | $109.13M | $107.50M | $103.92M | $102.63M | +14.6% |
| Selling, general & admin | $35.30M | $32.52M | $30.14M | $28.80M | $28.49M | +8.5% |
| Pre-tax income | $81.84M | $71.44M | $60.47M | $66.69M | $65.43M | +14.6% |
| Tax provision | $14.88M | $12.31M | $12.54M | $11.69M | $10.59M | +20.9% |
| Net income | $66.95M | $59.12M | $47.92M | $55.00M | $54.84M | +13.2% |
| Net income to common | $58.88M | $51.83M | $40.64M | $48.70M | $49.17M | +13.6% |
| Basic EPS | 5.43 | 4.78 | 3.73 | 4.45 | 4.50 | +13.6% |
| Diluted EPS | 5.41 | 4.75 | 3.71 | 4.44 | 4.48 | +13.9% |
| Basic shares | 10.85M | 10.84M | 10.88M | 10.93M | 10.93M | +0.0% |
| Diluted shares | 10.88M | 10.92M | 10.94M | 10.97M | 10.96M | -0.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.01B | $746.60M | $906.59M | $884.44M | $1.02B | +35.4% |
| Accounts receivable | $374.12M | $303.73M | $357.15M | $284.79M | $313.39M | +23.2% |
| Total assets | $39.29B | $36.73B | $35.37B | $33.38B | $33.00B | +7.0% |
| Current debt | $12.92B | $11.50B | $11.27B | $10.15B | $10.28B | +12.3% |
| Long-term debt | $23.99B | $23.01B | $21.92B | $21.14B | $20.72B | +4.3% |
| Total debt | $36.91B | $34.51B | $33.19B | $31.29B | $31.00B | +7.0% |
| Total liabilities | $37.44B | $35.01B | $33.65B | $31.69B | $31.45B | +6.9% |
| Retained earnings | $1.12B | $1.07B | $1.05B | $1.04B | $1.00B | +3.9% |
| Shareholder equity | $1.85B | $1.72B | $1.72B | $1.69B | $1.54B | +8.0% |
| Net tangible assets | $1.85B | $1.72B | $1.72B | $1.69B | $1.54B | +8.0% |
| Shares issued | 10.85M | 10.85M | 10.86M | 10.93M | 10.93M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $66.95M | $59.12M | $47.92M | $55.00M | $54.84M | +13.2% |
| Stock-based compensation | $2.32M | $3.00M | $1.71M | $1.36M | $1.75M | -22.7% |
| Change in working capital | -$24.16M | $18.98M | $61.89M | -$746.00K | -$9.10M | -227.3% |
| Operating cash flow | $40.40M | $92.05M | $103.41M | $74.19M | -$47.72M | -56.1% |
| Investing cash flow | -$2.29B | -$1.57B | -$1.90B | -$528.24M | -$1.04B | -45.9% |
| Share buybacks | $0 | -$7.11M | -$12.89M | $0 | $0 | +100.0% |
| Dividends paid | -$24.65M | -$24.63M | -$22.89M | -$22.07M | -$22.07M | -0.1% |
| Financing cash flow | $2.51B | $1.32B | $1.83B | $324.74M | $1.07B | +90.4% |
| Free cash flow | $40.40M | $92.05M | $103.41M | $74.19M | -$47.72M | -56.1% |
| End cash position | $1.04B | $773.93M | $931.07M | $901.02M | $1.03B | +34.1% |
Options analytics
Put / call volume
0.05
Call-heavy session
Put / call open interest
0.06
Positioning, not flow
Max pain
210.00
-4.9% from spot
ATM implied vol
34.2%
Nearest strike to spot
Skew (10% OTM)
-3.4%
Calls bid over puts
Call volume
20
Contracts, this expiry
Put volume
1
Contracts, this expiry
Heaviest call OI
260.00
300 contracts
Heaviest put OI
210.00
18 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 4.87 | 5.40 | +11.0% |
| Mar 2026 | 4.44 | 4.74 | +6.7% |
| Dec 2025 | 4.53 | 3.66 | -19.2% |
| Sep 2025 | 4.47 | 4.52 | +1.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 5.28 | 3 | $121.08M | +15.2% |
| Next quarter | 5.46 | 3 | $124.18M | +15.1% |
| Current year | 20.88 | 3 | $480.39M | +17.1% |
| Next year | 23.14 | 3 | $542.32M | +12.9% |
Analyst targets & ownership
Mean target$257.00
High target$262.00
Low target$254.00
Implied upside16.37%
Analyst count3
ConsensusNONE
Strong buy / Buy1 / 1
Hold0
Sell / Strong sell0 / 0
Held by insiders1.61%
Held by institutions88.52%
Institutions holding348
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
230.02
-3.99% from price
SMA 20
228.64
-3.41% from price
SMA 50
209.38
+5.47% from price
SMA 100
190.37
+16.00% from price
SMA 200
178.86
+23.47% from price
EMA 12
227.44
-2.90% from price
EMA 26
222.61
-0.80% from price
EMA 50
212.07
+4.13% from price
RSI (14)
48.2
Neutral
MACD (12,26,9)
4.83
Hist -2.78
ATR (14)
6.09
2.76% of price
Realised vol 30D
29.6%
Annualised
Bollinger upper
247.06
20, 2σ
Bollinger lower
210.22
20, 2σ
50 / 200 cross
Golden
209.38 vs 178.86
Trend bias
Above 200
+23.47%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.54
Less volatile than market
Correlation to SPY
0.22
Largely independent
Realised vol 30D
29.6%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-33.7%
Peak to trough
Max drawdown 5Y
-35.8%
Peak to trough
ATR 14
6.09
2.76% of price
Beta (reported)
1.00
5Y monthly, from filing
Short interest
Shares short
41.06K
Prior 49.85K
Change vs prior
-17.6%
Shorts covering
% of float
0.45%
Normal
% of shares out
0.38%
Against total outstanding
Days to cover
0.3
Liquid
Float
10.20M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 3, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| May 12, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Feb 23, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Nov 5, 25 | Keefe, Bruyette & Woods | UPGRADE | Market Perform | Outperform |
| Aug 8, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| May 12, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Feb 24, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Aug 8, 24 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Aug 6, 24 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jul 29, 24 | Keefe, Bruyette & Woods | DOWNGRADE | Outperform | Market Perform |
| May 8, 24 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Sep 6, 23 | Keefe, Bruyette & Woods | INITIATED | — | Outperform |
Dividends & splits
Forward rate$6.30 / yr
Forward yield2.85%
5-year avg yield3.03%
Payout ratio33.92%
Ex-dividend dateSep 15, 2026
Next pay dateSep 30, 2026
Last split3:1
Split dateAug 2, 1999
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-14
Corporate Changes & Voting Matters
8-K · 2026-08-12
Periodic Financial Reports
10-Q · 2026-07-30
Corporate Changes & Voting Matters
8-K · 2026-07-16
Corporate Changes & Voting Matters
8-K · 2026-06-08
Corporate Changes & Voting Matters
8-K · 2026-06-03
Trading Registrations
8-A12B · 2026-05-19
Corporate Changes & Voting Matters
8-K · 2026-05-18
Headlines
Farmer Mac Names Nader Pasdar as Executive Vice President - Chief Business Officer
PR Newswire · 9d ago
Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
PR Newswire · 10d ago
All You Need to Know About Farmer Mac (AGM) Rating Upgrade to Strong Buy
Zacks · 11d ago
Is Federal Agricultural Mortgage (AGM) Undervalued After Its Latest Earnings Results?
Simply Wall St. · 22d ago
Federal Agricultural Mortgage Q2 Earnings Call Highlights
MarketBeat · 22d ago
Federal Agricultural Mortgage Corp (AGM) (Q2 2026) Earnings Call Highlights: Record Volume and ...
GuruFocus.com · 23d ago
Federal Agricultural Mortgage (AGM) Q2 Earnings and Revenues Surpass Estimates
Zacks · 23d ago
Federal Agricultural Mortgage Q2 Core EPS Rises
MT Newswires · 23d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.