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

Allspring Global Investments Holdings LLC lessened its position in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 about 0.29% of Federal Agricultural Mortgage worth $6,235,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock worth $59,911,000 after purchasing an additional 29,917 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Federal Agricultural Mortgage by 2.5% in the 4th quarter. Copeland Capital Management LLC now owns 297,810 shares of the credit services provider’s stock worth $58,654,000 after purchasing an additional 7,283 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Federal Agricultural Mortgage by 10.0% in the 3rd quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider’s stock worth $42,539,000 after purchasing an additional 20,603 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Federal Agricultural Mortgage by 5.9% in the 3rd quarter. Wellington Management Group LLP now owns 182,569 shares of the credit services provider’s stock worth $34,215,000 after purchasing an additional 10,194 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its stake 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 valued at $32,259,000 after acquiring an additional 16,487 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

Insider Buying and Selling

In other news, CEO Bradford T. Nordholm sold 5,073 shares of Federal Agricultural Mortgage stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the transaction, the chief executive officer now owns 41,104 shares in the company, valued at approximately $8,770,360.48. The trade was a 10.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.58% of the company’s stock.

Federal Agricultural Mortgage Stock Down 0.8 %

Shares of AGM stock opened at $197.78 on Thursday. Federal Agricultural Mortgage Co. has a 1 year low of $169.17 and a 1 year high of $217.60. The stock has a market cap of $2.15 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. The business’s fifty day moving average is $197.14 and its 200-day moving average is $194.15. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49.

Federal Agricultural Mortgage 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.