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

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 25.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,820 shares of the credit services provider’s stock after selling 11,698 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Federal Agricultural Mortgage were worth $6,526,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter valued at $36,000. Sunbelt Securities Inc. increased its holdings in Federal Agricultural Mortgage by 194.2% during 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 during the last quarter. Fifth Third Bancorp boosted its stake in Federal Agricultural Mortgage by 160.5% in the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock valued at $94,000 after acquiring an additional 321 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of Federal Agricultural Mortgage during the 2nd quarter valued at approximately $108,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Federal Agricultural Mortgage during the 2nd quarter worth approximately $181,000. 68.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $215.00 price objective on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction dated 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 transaction, the executive vice president now owns 22,045 shares of the company’s stock, valued at $4,018,362.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $184.55, for a total transaction of $126,416.75. Following the completion of the transaction, the director now directly owns 3,225 shares in the company, valued at $595,173.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total value of $450,596.16. Following the sale, the executive vice president now 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,967 shares of company stock worth $729,487. 2.58% of the stock is owned by company insiders.

Federal Agricultural Mortgage Trading Down 1.2 %

Shares of Federal Agricultural Mortgage stock opened at $183.42 on Monday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $2.00 billion, a P/E ratio of 11.18, a P/E/G ratio of 1.67 and a beta of 1.04. Federal Agricultural Mortgage Co. has a 52-week low of $142.92 and a 52-week high of $217.60. The stock’s 50-day simple moving average is $186.76 and its 200 day simple moving average is $185.47.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. The business had revenue of $406.23 million during the quarter, compared to the consensus estimate of $91.77 million. During the same period last year, the business posted $3.86 earnings per share. As a group, research analysts anticipate that Federal Agricultural Mortgage Co. will post 15.95 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, September 16th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 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.