Allspring Global Investments Holdings LLC Has $5.42 Million Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Allspring Global Investments Holdings LLC increased its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 943.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,355 shares of the credit services provider's stock after purchasing an additional 25,638 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.26% of Federal Agricultural Mortgage worth $5,422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in Federal Agricultural Mortgage during the 4th quarter worth approximately $18,283,000. Quadrature Capital Ltd purchased a new stake in Federal Agricultural Mortgage in the 3rd quarter valued at approximately $1,437,000. Envestnet Asset Management Inc. increased its position in Federal Agricultural Mortgage by 26.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 58,409 shares of the credit services provider's stock worth $9,013,000 after purchasing an additional 12,053 shares during the period. American Century Companies Inc. raised its stake in shares of Federal Agricultural Mortgage by 15.0% during the 3rd quarter. American Century Companies Inc. now owns 77,709 shares of the credit services provider's stock worth $11,990,000 after buying an additional 10,133 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Federal Agricultural Mortgage by 14.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 641 shares of the credit services provider's stock valued at $99,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds own 68.03% of the company's stock.

Federal Agricultural Mortgage Price Performance

NYSE:AGM traded up $2.89 during trading hours on Friday, hitting $183.25. The company's stock had a trading volume of 32,604 shares, compared to its average volume of 65,999. The company has a market capitalization of $1.99 billion, a PE ratio of 11.59 and a beta of 1.07. Federal Agricultural Mortgage Co. has a 52-week low of $122.96 and a 52-week high of $199.40. The business's 50-day moving average is $186.26 and its two-hundred day moving average is $175.82. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.46 and a current ratio of 0.46.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.70 by $0.40. The business had revenue of $354.15 million during the quarter, compared to the consensus estimate of $86.86 million. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. During the same quarter last year, the firm posted $3.16 EPS. As a group, research analysts anticipate that Federal Agricultural Mortgage Co. will post 17 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.06%. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.10. The ex-dividend date was Thursday, March 14th. Federal Agricultural Mortgage's payout ratio is 35.42%.

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.