SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Report 6.8% Stake in Federal Agricultural Mortgage Corp Class C Common Stock
Amendment to Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a combined beneficial ownership of 6.8% of Federal Agricultural Mortgage Corp's Class C Common Stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 638,690.81 shares of Federal Agricultural Mortgage Corp's Class C Common Stock.
- This aggregate amount represents 6.8% of the total outstanding Class C Common Stock.
- FMR LLC holds sole voting power over 637,477.71 shares and sole dispositive power over 638,690.81 shares.
- Abigail P. Johnson holds sole dispositive power over 638,690.81 shares, with no sole or shared voting power reported directly.
- The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously reported ownership stake.
- FMR LLC is classified as a parent holding company or control person, while Abigail P. Johnson is classified as an individual.
- Key subsidiaries of FMR LLC identified as beneficially owning shares include FIAM LLC, Fidelity Management & Research Company LLC (which owns 5% or more), Fidelity Management Trust Company, and Strategic Advisers LLC.
- The Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC, representing 49% of the voting power, and may be deemed to form a controlling group.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G Amendment) reporting beneficial ownership. It contains no positive or negative operational or financial news, thus the sentiment is neutral.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership by a major institutional investor, FMR LLC (Fidelity), and its principal, Abigail P. Johnson, in Federal Agricultural Mortgage Corp (Farmer Mac). Such filings provide transparency into significant ownership stakes in publicly traded companies, which is standard practice in the financial industry. Farmer Mac operates in the agricultural finance sector, providing a secondary market for agricultural loans.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional ownership stake in the company.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-11 | Date of filing of this Schedule 13G Amendment No. 2. |
Keywords
Federal Agricultural Mortgage Corp, Farmer Mac, Class C Common Stock, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, SEC Filing, Institutional Ownership, Investment Management, Financial Services
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