Copeland Capital Management LLC Sells 20,092 Shares of Federal Agricultural Mortgage Corporation $AGM

Key Points

• Copeland Capital Management LLC reduced its stake in Federal Agricultural Mortgage Corporation by 7.0%, selling 20,092 shares during the second quarter, with their remaining holdings valued at approximately $52.2 million.
• Federal Agricultural Mortgage recently announced a $1.50 quarterly dividend, translating to an annual yield of 3.6% and maintaining a dividend payout ratio of 35.34%.
• The company reported Q2 earnings per share of $4.32, exceeding analyst expectations, with revenues of $100.51 million compared to a forecast of $96.54 million.

Copeland Capital Management LLC reduced its position in Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 7.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 268,675 shares of the credit services provider's stock after selling 20,092 shares during the quarter. Copeland Capital Management LLC owned approximately 2.46% of Federal Agricultural Mortgage worth $52,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. purchased a new stake in Federal Agricultural Mortgage in the 4th quarter worth about $357,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Federal Agricultural Mortgage by 7.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,613 shares of the credit services provider's stock worth $3,863,000 after purchasing an additional 1,417 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Federal Agricultural Mortgage in the first quarter worth about $54,000. GAMMA Investing LLC raised its position in shares of Federal Agricultural Mortgage by 20,282.6% in the first quarter. GAMMA Investing LLC now owns 9,376 shares of the credit services provider's stock valued at $1,758,000 after purchasing an additional 9,330 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Federal Agricultural Mortgage by 2.7% in the first quarter. Rhumbline Advisers now owns 15,123 shares of the credit services provider's stock valued at $2,836,000 after purchasing an additional 398 shares during the period. Hedge funds and other institutional investors own 68.03% of the company's stock.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, EVP Zachary Carpenter sold 293 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $205.09, for a total transaction of $60,091.37. Following the completion of the transaction, the executive vice president directly owned 10,532 shares in the company, valued at $2,160,007.88. The trade was a 2.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory Ramsey sold 1,500 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $206.71, for a total value of $310,065.00. Following the completion of the sale, the insider owned 3,085 shares in the company, valued at $637,700.35. This trade represents a 32.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,017 shares of company stock valued at $1,240,807 in the last three months. Company insiders own 2.20% of the company's stock.

Federal Agricultural Mortgage Stock Up 0.0%

AGM stock opened at $164.43 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $1.80 billion, a PE ratio of 9.68, a PEG ratio of 0.85 and a beta of 0.95. Federal Agricultural Mortgage Corporation has a twelve month low of $159.64 and a twelve month high of $217.14. The stock has a 50-day simple moving average of $187.31 and a two-hundred day simple moving average of $185.55.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The credit services provider reported $4.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.29 by $0.03. Federal Agricultural Mortgage had a net margin of 13.14% and a return on equity of 18.86%. The firm had revenue of $100.51 million for the quarter, compared to the consensus estimate of $96.54 million. On average, equities analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $1.50 dividend. The ex-dividend date was Monday, September 15th. This represents a $6.00 annualized dividend and a yield of 3.6%. Federal Agricultural Mortgage's dividend payout ratio is currently 35.34%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their price objective on shares of Federal Agricultural Mortgage from $215.00 to $217.00 and gave the stock a "market perform" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $217.00.

About Federal Agricultural Mortgage

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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