Allspring Global Investments Holdings LLC Purchases 25,638 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Allspring Global Investments Holdings LLC boosted its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 943.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 about 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 have also bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Federal Agricultural Mortgage during the third quarter valued at about $31,000. Federated Hermes Inc. lifted its position in Federal Agricultural Mortgage by 464.7% in the 3rd quarter. Federated Hermes Inc. now owns 288 shares of the credit services provider’s stock valued at $44,000 after acquiring an additional 237 shares in the last quarter. Point72 Middle East FZE acquired a new position in Federal Agricultural Mortgage during the 4th quarter valued at about $59,000. Ensign Peak Advisors Inc bought a new stake in Federal Agricultural Mortgage during the 3rd quarter worth approximately $63,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Federal Agricultural Mortgage by 14.7% in the third quarter. Parkside Financial Bank & Trust now owns 641 shares of the credit services provider’s stock worth $99,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Up 0.3 %

AGM stock opened at $180.36 on Friday. The stock’s 50 day moving average is $186.28 and its 200-day moving average is $175.60. Federal Agricultural Mortgage Co. has a twelve month low of $122.96 and a twelve month high of $199.40. The firm has a market capitalization of $1.96 billion, a PE ratio of 11.41 and a beta of 1.07. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.51.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Friday, February 23rd. The credit services provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.40. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. The business had revenue of $354.15 million for the quarter, compared to analysts’ expectations of $86.86 million. During the same period last year, the business earned $3.16 EPS. Sell-side analysts expect that Federal Agricultural Mortgage Co. will post 17 EPS for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 3.10%. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Thursday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio is presently 35.42%.

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.