Allspring Global Investments Holdings LLC Has $6.24 Million Stock Position in Federal Agricultural Mortgage Co. (NYSE:AGM)

Allspring Global Investments Holdings LLC decreased its position in Federal Agricultural Mortgage Co. (NYSE:AGM) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,657 shares of the credit services provider’s stock after selling 3,163 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Federal Agricultural Mortgage were worth $6,235,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AGM. Point72 DIFC Ltd raised its holdings in shares of Federal Agricultural Mortgage by 180.0% in the 3rd quarter. Point72 DIFC Ltd now owns 364 shares of the credit services provider’s stock worth $68,000 after buying an additional 234 shares in the last quarter. US Bancorp DE grew its position in Federal Agricultural Mortgage by 7.3% during the 3rd quarter. US Bancorp DE now owns 1,106 shares of the credit services provider’s stock worth $207,000 after acquiring an additional 75 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Federal Agricultural Mortgage during the 4th quarter worth approximately $209,000. Moors & Cabot Inc. grew its position in Federal Agricultural Mortgage by 7.8% during the 3rd quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider’s stock worth $237,000 after acquiring an additional 92 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Federal Agricultural Mortgage during the 3rd quarter worth approximately $300,000. 68.03% of the stock is owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Stock Down 0.8 %

Shares of AGM opened at $197.78 on Thursday. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.62 and a beta of 1.08. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The business’s fifty day moving average price is $197.14 and its two-hundred day moving average price is $194.15. Federal Agricultural Mortgage Co. has a 52 week low of $169.17 and a 52 week high of $217.60.

Insider Transactions at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of Federal Agricultural Mortgage stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $213.37, for a total value of $1,082,426.01. Following the sale, the chief executive officer now owns 41,104 shares of the company’s stock, valued at $8,770,360.48. This trade represents a 10.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.58% of the stock is owned by corporate 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.