Federal Agricultural Mortgage Corporation (NYSE:AGM) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,960 shares of the credit services provider's stock after selling 1,697 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.28% of Federal Agricultural Mortgage worth $5,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGM. Victory Capital Management Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 4.0% during the fourth quarter. Victory Capital Management Inc. now owns 4,017 shares of the credit services provider's stock valued at $791,000 after purchasing an additional 153 shares in the last quarter. Atria Investments Inc increased its position in Federal Agricultural Mortgage by 9.7% in the fourth quarter. Atria Investments Inc now owns 9,578 shares of the credit services provider's stock worth $1,886,000 after buying an additional 843 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Federal Agricultural Mortgage in the fourth quarter worth about $2,289,000. Raymond James Financial Inc. bought a new position in shares of Federal Agricultural Mortgage in the fourth quarter worth about $28,914,000. Finally, Global Alpha Capital Management Ltd. boosted its stake in shares of Federal Agricultural Mortgage by 22.9% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 14,036 shares of the credit services provider's stock worth $2,764,000 after acquiring an additional 2,611 shares during the period. 68.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $215.00 price target (down from $230.00) on shares of Federal Agricultural Mortgage in a research note on Monday, May 12th.

Federal Agricultural Mortgage Trading Up 1.3%

AGM traded up $2.63 during trading on Tuesday, hitting $201.18. 142,626 shares of the stock were exchanged, compared to its average volume of 58,898. Federal Agricultural Mortgage Corporation has a 1 year low of $159.64 and a 1 year high of $217.60. The firm has a 50 day simple moving average of $188.59 and a 200 day simple moving average of $190.19. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 1.66 and a beta of 0.99. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.53 and a current ratio of 0.53.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The credit services provider reported $4.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.00 by $0.19. Federal Agricultural Mortgage had a return on equity of 18.77% and a net margin of 12.65%. The business had revenue of $96.79 million for the quarter, compared to the consensus estimate of $94.33 million. As a group, equities analysts expect that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $6.00 annualized dividend and a yield of 2.98%. Federal Agricultural Mortgage's dividend payout ratio (DPR) is 37.08%.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 350 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $192.26, for a total value of $67,291.00. Following the completion of the transaction, the director owned 1,751 shares of the company's stock, valued at $336,647.26. The trade was a 16.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric T. Mckissack sold 728 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $192.37, for a total value of $140,045.36. Following the completion of the transaction, the director directly owned 2,357 shares of the company's stock, valued at approximately $453,416.09. This trade represents a 23.60% decrease in their position. The disclosure for this sale can be found here. 2.21% of the stock is owned by insiders.

About Federal Agricultural Mortgage

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.