Federal Agricultural Mortgage Co. (NYSE:AGM) Stake Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 9.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 31,657 shares of the credit services provider's stock after selling 3,163 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.29% of Federal Agricultural Mortgage worth $6,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AGM. International Assets Investment Management LLC acquired a new position in Federal Agricultural Mortgage during the 3rd quarter worth approximately $175,610,000. Principal Financial Group Inc. lifted its position in Federal Agricultural Mortgage by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider's stock worth $59,911,000 after acquiring an additional 29,917 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in Federal Agricultural Mortgage during the 3rd quarter worth approximately $3,949,000. Captrust Financial Advisors lifted its position in Federal Agricultural Mortgage by 10.0% during the 3rd quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider's stock worth $42,539,000 after acquiring an additional 20,603 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its position in Federal Agricultural Mortgage by 10.6% during the 3rd quarter. Rice Hall James & Associates LLC now owns 172,129 shares of the credit services provider's stock worth $32,259,000 after acquiring an additional 16,487 shares in the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Bradford T. Nordholm sold 5,073 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total value of $1,082,426.01. Following the completion of the sale, the chief executive officer now directly owns 41,104 shares in the company, valued at approximately $8,770,360.48. The trade was a 10.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.58% of the stock is owned by company insiders.

Federal Agricultural Mortgage Stock Up 7.1 %

Federal Agricultural Mortgage stock traded up $13.93 during midday trading on Friday, hitting $209.60. 36,850 shares of the company were exchanged, compared to its average volume of 32,166. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. Federal Agricultural Mortgage Co. has a fifty-two week low of $169.17 and a fifty-two week high of $217.60. The company's fifty day moving average price is $196.81 and its 200-day moving average price is $194.16. The company has a market cap of $2.28 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.61 and a beta of 1.08.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.