Federal Agricultural Mortgage Corporation (NYSE:AGM) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its stake in Federal Agricultural Mortgage Corporation (NYSE:AGM - Free Report) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,767 shares of the credit services provider's stock after selling 9,043 shares during the period. Copeland Capital Management LLC owned about 2.65% of Federal Agricultural Mortgage worth $54,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Global Alpha Capital Management Ltd. increased its holdings in shares of Federal Agricultural Mortgage by 22.9% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 14,036 shares of the credit services provider's stock valued at $2,764,000 after acquiring an additional 2,611 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Federal Agricultural Mortgage in the 4th quarter valued at about $357,000. Proficio Capital Partners LLC purchased a new position in shares of Federal Agricultural Mortgage in the 4th quarter valued at about $2,289,000. GAMMA Investing LLC increased its holdings in shares of Federal Agricultural Mortgage by 20,282.6% in the 1st quarter. GAMMA Investing LLC now owns 9,376 shares of the credit services provider's stock valued at $1,758,000 after acquiring an additional 9,330 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Federal Agricultural Mortgage by 11.1% in the 4th quarter. Wells Fargo & Company MN now owns 63,206 shares of the credit services provider's stock valued at $12,448,000 after acquiring an additional 6,317 shares during the last quarter. Institutional investors and hedge funds own 68.03% of the company's stock.

Insider Activity

In related news, Director Sara Louise Faivre-Davis sold 350 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $192.26, for a total value of $67,291.00. Following the transaction, the director now owns 1,751 shares in the company, valued at approximately $336,647.26. The trade was a 16.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eric T. Mckissack sold 728 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $192.37, for a total value of $140,045.36. Following the sale, the director now owns 2,357 shares in the company, valued at $453,416.09. The trade was a 23.60% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $215.00 price objective (down previously from $230.00) on shares of Federal Agricultural Mortgage in a report on Monday, May 12th.

Federal Agricultural Mortgage Stock Performance

Shares of AGM stock traded up $0.37 during midday trading on Friday, hitting $198.48. The company had a trading volume of 277,269 shares, compared to its average volume of 56,966. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.53 and a quick ratio of 0.53. The company's 50 day simple moving average is $185.84 and its 200 day simple moving average is $190.60. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 1.63 and a beta of 0.99. Federal Agricultural Mortgage Corporation has a 52-week low of $159.64 and a 52-week high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The credit services provider reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.19. The firm had revenue of $96.79 million during the quarter, compared to analysts' expectations of $94.33 million. Federal Agricultural Mortgage had a return on equity of 18.77% and a net margin of 12.65%. Research analysts anticipate that Federal Agricultural Mortgage Corporation will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Monday, June 16th. Federal Agricultural Mortgage's dividend payout ratio is currently 37.08%.

Federal Agricultural Mortgage Profile

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.