Allspring Global Investments Holdings LLC Has $8.41 Million Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Allspring Global Investments Holdings LLC grew its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,518 shares of the credit services provider’s stock after purchasing an additional 293 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.43% of Federal Agricultural Mortgage worth $8,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AGM. Riverwater Partners LLC increased its position in Federal Agricultural Mortgage by 0.9% in the 1st quarter. Riverwater Partners LLC now owns 11,476 shares of the credit services provider’s stock valued at $2,259,000 after buying an additional 104 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Federal Agricultural Mortgage by 9.8% during the second quarter. SG Americas Securities LLC now owns 1,439 shares of the credit services provider’s stock worth $260,000 after purchasing an additional 128 shares during the period. ProShare Advisors LLC raised its position in shares of Federal Agricultural Mortgage by 8.5% during the first quarter. ProShare Advisors LLC now owns 1,640 shares of the credit services provider’s stock worth $323,000 after purchasing an additional 129 shares during the period. Sunbelt Securities Inc. raised its position in shares of 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 purchasing an additional 134 shares during the period. Finally, Comerica Bank grew its position in Federal Agricultural Mortgage by 6.4% in the 1st quarter. Comerica Bank now owns 2,552 shares of the credit services provider’s stock valued at $502,000 after purchasing an additional 154 shares during the period. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Price Performance

AGM stock opened at $197.47 on Friday. The company has a market capitalization of $2.15 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. Federal Agricultural Mortgage Co. has a 52-week low of $140.44 and a 52-week high of $217.60. The business has a 50-day simple moving average of $191.77 and a two-hundred day simple moving average of $185.96. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.46 and a current ratio of 0.46.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Monday, August 5th. The credit services provider reported $3.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 22.01% and a net margin of 13.79%. The company had revenue of $406.23 million for the quarter, compared to the consensus estimate of $91.77 million. During the same quarter last year, the company posted $3.86 EPS. Research analysts expect that Federal Agricultural Mortgage Co. will post 16.67 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Monday, September 16th. Federal Agricultural Mortgage’s payout ratio is currently 34.15%.

Analyst Upgrades and Downgrades

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

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.