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

Copeland Capital Management LLC reduced its holdings in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 1.8% in the first quarter, HoldingsChannel reports. The fund owned 236,583 shares of the credit services provider’s stock after selling 4,322 shares during the period. Copeland Capital Management LLC’s holdings in Federal Agricultural Mortgage were worth $35,097,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans grew its holdings in Federal Agricultural Mortgage by 3.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 436,786 shares of the credit services provider’s stock worth $76,686,000 after purchasing an additional 16,107 shares during the period. Captrust Financial Advisors increased its stake in shares of Federal Agricultural Mortgage by 14.8% during the fourth quarter. Captrust Financial Advisors now owns 358,908 shares of the credit services provider’s stock valued at $63,013,000 after purchasing an additional 46,262 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Federal Agricultural Mortgage by 12.7% during the first quarter. Principal Financial Group Inc. now owns 351,330 shares of the credit services provider’s stock valued at $52,123,000 after purchasing an additional 39,702 shares during the last quarter. Boston Partners lifted its holdings in shares of Federal Agricultural Mortgage by 2.0% during the fourth quarter. Boston Partners now owns 345,551 shares of the credit services provider’s stock valued at $60,191,000 after purchasing an additional 6,800 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Federal Agricultural Mortgage by 44.5% in the 4th quarter. Wellington Management Group LLP now owns 262,931 shares of the credit services provider’s stock worth $46,163,000 after purchasing an additional 80,911 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AGM. Weiss Ratings upgraded Federal Agricultural Mortgage from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Keefe, Bruyette & Woods lifted their price objective on Federal Agricultural Mortgage from $215.00 to $228.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen raised Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $228.00.

Federal Agricultural Mortgage Stock Down 0.5%

Shares of Federal Agricultural Mortgage stock opened at $205.30 on Friday. The company has a 50-day simple moving average of $186.49 and a two-hundred day simple moving average of $172.60. The stock has a market capitalization of $2.23 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 0.95 and a beta of 0.99. Federal Agricultural Mortgage Corporation has a 52-week low of $136.57 and a 52-week high of $210.64. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.56 and a current ratio of 0.56.

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

Federal Agricultural Mortgage Dividend Announcement

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

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.