Copeland Capital Management LLC Sells 4,322 Shares of Federal Agricultural Mortgage Corporation $AGM

Copeland Capital Management LLC decreased its position in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,583 shares of the credit services provider’s stock after selling 4,322 shares during the quarter. Copeland Capital Management LLC owned approximately 2.18% of Federal Agricultural Mortgage worth $35,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGM. Bank of New York Mellon Corp grew its stake in shares of Federal Agricultural Mortgage by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 60,414 shares of the credit services provider’s stock worth $8,962,000 after purchasing an additional 478 shares during the last quarter. Sanctuary Advisors LLC raised its position in Federal Agricultural Mortgage by 14.2% during the 1st quarter. Sanctuary Advisors LLC now owns 4,377 shares of the credit services provider’s stock valued at $649,000 after purchasing an additional 543 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Federal Agricultural Mortgage by 12.7% in the 1st quarter. Principal Financial Group Inc. now owns 351,330 shares of the credit services provider’s stock worth $52,123,000 after buying an additional 39,702 shares during the period. Fifth Third Bancorp lifted its holdings in Federal Agricultural Mortgage by 1,132.0% in the 1st quarter. Fifth Third Bancorp now owns 2,464 shares of the credit services provider’s stock worth $366,000 after buying an additional 2,264 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in shares of Federal Agricultural Mortgage in the 1st quarter worth approximately $814,000. 68.03% of the stock is owned by institutional investors.

Federal Agricultural Mortgage Price Performance

AGM stock opened at $205.30 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.56 and a quick ratio of 0.56. Federal Agricultural Mortgage Corporation has a 1 year low of $136.57 and a 1 year high of $210.64. The firm has a 50-day moving average of $186.49 and a 200 day moving average of $172.60. The company has a market cap of $2.23 billion, a P/E ratio of 11.81, a PEG ratio of 0.95 and a beta of 0.99.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $4.74 earnings per share for the quarter, beating the consensus estimate of $4.44 by $0.30. Federal Agricultural Mortgage had a return on equity of 18.20% and a net margin of 20.78%.The business had revenue of $109.12 million for the quarter, compared to analysts’ expectations of $110.76 million. On average, sell-side analysts forecast that Federal Agricultural Mortgage Corporation will post 19.75 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $1.60 per share. The ex-dividend date was Monday, June 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.1%. Federal Agricultural Mortgage’s payout ratio is currently 36.82%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings raised Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Keefe, Bruyette & Woods raised their price target on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $228.00.

Federal Agricultural Mortgage Profile

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.