Copeland Capital Management LLC Sells 14,458 Shares of Federal Agricultural Mortgage Corporation $AGM

Copeland Capital Management LLC reduced its holdings in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 254,217 shares of the credit services provider’s stock after selling 14,458 shares during the quarter. Copeland Capital Management LLC owned about 2.33% of Federal Agricultural Mortgage worth $42,704,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC boosted its stake in Federal Agricultural Mortgage by 1,581.4% during the 2nd quarter. ProShare Advisors LLC now owns 33,274 shares of the credit services provider’s stock valued at $6,464,000 after purchasing an additional 31,295 shares during the period. CSM Advisors LLC acquired a new position in shares of Federal Agricultural Mortgage during the second quarter worth approximately $5,916,000. American Century Companies Inc. boosted its position in shares of Federal Agricultural Mortgage by 7.7% in the second quarter. American Century Companies Inc. now owns 263,396 shares of the credit services provider’s stock valued at $51,173,000 after acquiring an additional 18,846 shares during the period. Captrust Financial Advisors boosted its position in shares of Federal Agricultural Mortgage by 6.2% in the second quarter. Captrust Financial Advisors now owns 295,353 shares of the credit services provider’s stock valued at $57,381,000 after acquiring an additional 17,233 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of Federal Agricultural Mortgage by 9.6% in the second quarter. Raymond James Financial Inc. now owns 154,517 shares of the credit services provider’s stock worth $30,019,000 after acquiring an additional 13,559 shares during the last quarter. 68.03% of the stock is currently owned by institutional investors.

Federal Agricultural Mortgage Trading Down 0.2%

Shares of Federal Agricultural Mortgage stock opened at $177.28 on Tuesday. Federal Agricultural Mortgage Corporation has a 52-week low of $155.00 and a 52-week high of $212.24. The firm has a market capitalization of $1.93 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.56 and a quick ratio of 0.56. The company’s fifty day moving average price is $170.01 and its two-hundred day moving average price is $179.16.

Federal Agricultural Mortgage (NYSE:AGM) last issued its earnings results on Monday, November 3rd. The credit services provider reported $4.52 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.09. The business had revenue of $97.77 million for the quarter, compared to analyst estimates of $100.94 million. Federal Agricultural Mortgage had a net margin of 13.38% and a return on equity of 18.63%. On average, analysts expect that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, December 15th. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.17%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AGM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research note on Monday, December 22nd. Keefe, Bruyette & Woods upgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and boosted their price objective for the stock from $217.00 to $219.00 in a report on Wednesday, November 5th. Finally, Wall Street Zen raised shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Federal Agricultural Mortgage has an average rating of “Moderate Buy” and an average target price of $219.00.

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.