Copeland Capital Management LLC Sells 13,312 Shares of Federal Agricultural Mortgage Corporation $AGM

Key Points

• Copeland Capital Management LLC reduced its stake in Federal Agricultural Mortgage by 5.2%, selling 13,312 shares and ending the quarter with 240,905 shares valued at about $42.3 million.
• Federal Agricultural Mortgage missed quarterly estimates, reporting EPS of $3.66 and revenue of $101.39 million versus consensus of $4.50 EPS and $107.45 million revenue.
• The company increased its quarterly dividend to $1.60 (annualized $6.40), representing a 3.7% yield and a payout ratio of 38.46%.

Copeland Capital Management LLC lessened its stake in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,905 shares of the credit services provider's stock after selling 13,312 shares during the quarter. Copeland Capital Management LLC owned 2.21% of Federal Agricultural Mortgage worth $42,296,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its holdings in Federal Agricultural Mortgage by 11.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 420,679 shares of the credit services provider's stock valued at $70,665,000 after purchasing an additional 43,160 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Federal Agricultural Mortgage during the 3rd quarter valued at $1,063,000. Captrust Financial Advisors increased its holdings in Federal Agricultural Mortgage by 5.9% during the 3rd quarter. Captrust Financial Advisors now owns 312,646 shares of the credit services provider's stock valued at $52,518,000 after purchasing an additional 17,293 shares in the last quarter. American Century Companies Inc. increased its holdings in Federal Agricultural Mortgage by 9.6% during the 3rd quarter. American Century Companies Inc. now owns 288,701 shares of the credit services provider's stock valued at $48,496,000 after purchasing an additional 25,305 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in Federal Agricultural Mortgage during the 3rd quarter valued at $3,446,000. 68.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AGM. Keefe, Bruyette & Woods dropped their price target on Federal Agricultural Mortgage from $219.00 to $215.00 and set an "outperform" rating for the company in a report on Monday, February 23rd. Wall Street Zen cut Federal Agricultural Mortgage from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $215.00.

Federal Agricultural Mortgage Stock Down 0.1%

NYSE AGM opened at $173.40 on Friday. The stock has a fifty day moving average of $157.41 and a 200-day moving average of $165.69. The stock has a market capitalization of $1.88 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 0.81 and a beta of 0.95. 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 2.00, a quick ratio of 0.57 and a current ratio of 0.57.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its earnings results on Thursday, February 19th. The credit services provider reported $3.66 EPS for the quarter, missing the consensus estimate of $4.50 by ($0.84). The firm had revenue of $101.39 million during the quarter, compared to analyst estimates of $107.45 million. Federal Agricultural Mortgage had a net margin of 15.73% and a return on equity of 17.93%. On average, equities research analysts forecast that Federal Agricultural Mortgage Corporation will post 19.41 EPS for the current year.

Federal Agricultural Mortgage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $1.60 dividend. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.50. This represents a $6.40 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, March 16th. Federal Agricultural Mortgage's dividend payout ratio is currently 38.46%.

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.

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