Allspring Global Investments Holdings LLC Cuts Stock Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 25.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,820 shares of the credit services provider's stock after selling 11,698 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.32% of Federal Agricultural Mortgage worth $6,526,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. nVerses Capital LLC bought a new position in shares of Federal Agricultural Mortgage in the second quarter worth approximately $36,000. Sunbelt Securities Inc. lifted its stake in shares of Federal Agricultural Mortgage by 194.2% in the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider's stock worth $40,000 after buying an additional 134 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Federal Agricultural Mortgage by 160.5% in the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider's stock worth $94,000 after buying an additional 321 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Federal Agricultural Mortgage in the second quarter worth approximately $108,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Federal Agricultural Mortgage in the second quarter worth approximately $181,000. Institutional investors own 68.03% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods restated a "market perform" rating and set a $215.00 price objective on shares of Federal Agricultural Mortgage in a research report on Tuesday, August 6th.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total transaction of $129,417.05. Following the completion of the sale, the director now directly owns 4,595 shares of the company's stock, valued at approximately $868,133.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total value of $129,417.05. Following the completion of the sale, the director now directly owns 4,595 shares of the company's stock, valued at $868,133.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the sale, the executive vice president now directly owns 22,045 shares of the company's stock, valued at approximately $4,018,362.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,967 shares of company stock valued at $729,487. Insiders own 2.58% of the company's stock.

Federal Agricultural Mortgage Stock Performance

Federal Agricultural Mortgage stock traded up $2.58 during midday trading on Monday, reaching $186.00. 28,733 shares of the company traded hands, compared to its average volume of 53,869. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 1.67 and a beta of 1.04. The business has a 50 day moving average of $186.76 and a two-hundred day moving average of $185.47. Federal Agricultural Mortgage Co. has a 12 month low of $145.89 and a 12 month high of $217.60. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its earnings results on Monday, August 5th. The credit services provider reported $3.63 EPS for the quarter, missing analysts' consensus estimates of $4.09 by ($0.46). Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. The business had revenue of $406.23 million for the quarter, compared to analysts' expectations of $91.77 million. During the same period in the prior year, the company posted $3.86 earnings per share. As a group, research analysts predict that Federal Agricultural Mortgage Co. will post 15.95 earnings per share for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $1.40 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $5.60 dividend on an annualized basis and a yield of 3.01%. Federal Agricultural Mortgage's dividend payout ratio is currently 34.15%.

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.