Copeland Capital Management LLC grew its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 297,810 shares of the credit services provider's stock after buying an additional 7,283 shares during the quarter. Copeland Capital Management LLC owned about 2.74% of Federal Agricultural Mortgage worth $58,654,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Atria Investments Inc raised its position in Federal Agricultural Mortgage by 0.7% in the third quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider's stock worth $1,637,000 after acquiring an additional 57 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Federal Agricultural Mortgage by 1.8% during the third quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider's stock valued at $724,000 after purchasing an additional 70 shares during the last quarter. US Bancorp DE grew its position in Federal Agricultural Mortgage by 7.3% in the third quarter. US Bancorp DE now owns 1,106 shares of the credit services provider's stock worth $207,000 after buying an additional 75 shares during the last quarter. Moors & Cabot Inc. increased its holdings in shares of Federal Agricultural Mortgage by 7.8% in the third quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider's stock valued at $237,000 after buying an additional 92 shares in the last quarter. Finally, nVerses Capital LLC lifted its position in shares of Federal Agricultural Mortgage by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 300 shares of the credit services provider's stock valued at $56,000 after acquiring an additional 100 shares during the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.
Federal Agricultural Mortgage Price Performance
Shares of NYSE AGM traded up $0.98 during mid-day trading on Wednesday, reaching $197.95. The company had a trading volume of 8,608 shares, compared to its average volume of 33,282. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. Federal Agricultural Mortgage Co. has a 1-year low of $169.17 and a 1-year high of $217.60. The stock has a market cap of $2.15 billion, a PE ratio of 12.73, a P/E/G ratio of 1.61 and a beta of 1.08. The company has a 50-day moving average price of $200.16 and a two-hundred day moving average price of $194.67.
Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its earnings results on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. The firm had revenue of $411.40 million during the quarter, compared to analyst estimates of $92.15 million. During the same quarter in the previous year, the business earned $4.13 earnings per share. On average, equities analysts anticipate that Federal Agricultural Mortgage Co. will post 15.85 earnings per share for the current year.
Insider Transactions at Federal Agricultural Mortgage
In other news, Director Mitchell A. Johnson sold 1,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $208.00, for a total transaction of $208,000.00. Following the transaction, the director now directly owns 14,060 shares in the company, valued at $2,924,480. The trade was a 6.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Bradford T. Nordholm sold 5,073 shares of Federal Agricultural Mortgage stock in a transaction on Thursday, December 5th. The shares were 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 directly owns 41,104 shares of the company's stock, valued at approximately $8,770,360.48. The trade was a 10.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,573 shares of company stock valued at $1,808,561 over the last quarter. Company insiders own 2.21% of the company's stock.
Federal Agricultural Mortgage Profile
(
Free Report)
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.
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