FEDERAL AGRICULTURAL MORTGAGE CORPORATION
At today's price, FEDERAL AGRICULTURAL MORTGAGE CORPORATION (AGM) is priced for today's economics sustained for ~10.9 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
Farmer Mac is a government-sponsored enterprise that provides secondary-market financing for agricultural and rural-infrastructure lending, so it should be read as a financial institution, on book value and return on equity, not an operating multiple. At $185.46 the stock trades at roughly 1.2x book value of about $157 per share, against a return on equity near 12.6% and diluted EPS of $4.75 in Q1 2026. The business is growing steadily. Q1 2026 set a record $34.8 billion of outstanding business
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221 institutional managers reported holding AGM in 13F filings for the quarter ended 2026-03-31. Together they hold about 72% of the company; the top 10 hold 37%. 29 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 341k shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (2.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AGM's share count grew 0.8% over the past five years even with $7.11M spent on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting), raised 14 years straight; the current rate is $1.50 a share annually. Cash returned over the past three years: $237.16M in dividends and $7.11M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at AGM over the trailing three years: 2023: 2 buys totaling $13k; 2024: 2 buys totaling $12k; 2025: 1 buy totaling $196k. 27 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AGM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-08 | +5.0% | -12.2% |
| 2023-11-07 | -3.3% | +16.0% |
| 2024-02-24 | -3.5% | +6.1% |
| 2024-05-07 | -9.7% | +3.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AGM's latest 8-K filings: 2026-07-16 (items 7.01, 9.01); 2026-06-08 (items 5.02, 7.01, 9.01); 2026-06-03 (items 8.01, 9.01); 2026-05-19 (items 8.01, 9.01); 2026-05-18 (items 5.07, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.