BlackRock Amends Farmer Mac Stake; Signals Portfolio Rebalance
Ticker: AGM-PH · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 845877
| Field | Detail |
|---|---|
| Company | Federal Agricultural Mortgage Corp (AGM-PH) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-change
TL;DR
**BlackRock just updated its stake in Farmer Mac, watch for potential stock movement!**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in their ownership stake in Federal Agricultural Mortgage Corporation (FAMC), also known as Farmer Mac. This amendment, number 12, reflects their holdings as of December 31, 2023. While the specific percentage change isn't detailed in the provided text, an amendment typically signifies an increase or decrease in their beneficial ownership. This matters to investors because BlackRock is a major institutional investor, and changes in their position can signal their confidence (or lack thereof) in FAMC's future performance, potentially influencing other investors' decisions.
Why It Matters
Changes in ownership by large institutional investors like BlackRock can influence stock prices and investor sentiment, as it suggests a shift in their outlook on the company's prospects.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and doesn't inherently present a direct risk, but rather provides transparency.
Analyst Insight
Investors should monitor subsequent filings or news from BlackRock to understand the specific change in their ownership percentage and consider if it aligns with their own investment thesis for Federal Agricultural Mortgage Corporation.
Key Numbers
- 12 — Amendment Number (Indicates this is the twelfth amendment to BlackRock's Schedule 13G filing for FAMC.)
- 20240125 — Filing Date (The date the SC 13G/A was officially filed with the SEC.)
- 20231231 — Date of Event (The date as of which BlackRock's ownership stake is being reported.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- FEDERAL AGRICULTURAL MORTGAGE CORPORATION (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- 313148306 (number) — the CUSIP number for Federal Agricultural Mortgage Corporation's Common Stock
Forward-Looking Statements
- BlackRock's beneficial ownership percentage in Federal Agricultural Mortgage Corporation has changed since their last 13G filing. (BlackRock Inc.) — high confidence, target: N/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 12)' sections.
Who is the 'reporting person' in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's securities are being reported on in this filing?
The securities of FEDERAL AGRICULTURAL MORTGAGE CORPORATION are being reported on, as stated under '(Name of Issuer) FEDERAL AGRICULTURAL MORTGAGE CORPORATION'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Federal Agricultural Mortgage Corporation is 313148306, as listed under 'CUSIP No. 313148306'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding FEDERAL AGRICULTURAL MORTGAGE CORP (AGM-PH).