Copeland Capital Management LLC Has $42.30 Million Stock Holdings in Federal Agricultural Mortgage Corporation $AGM

Copeland Capital Management LLC trimmed its position in Federal Agricultural Mortgage Corporation (NYSE:AGM) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 240,905 shares of the credit services provider’s stock after selling 13,312 shares during the period. Copeland Capital Management LLC’s holdings in Federal Agricultural Mortgage were worth $42,296,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans raised its position in shares of Federal Agricultural Mortgage by 11.4% in 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 acquiring an additional 43,160 shares during the period. Captrust Financial Advisors raised its position in shares of Federal Agricultural Mortgage by 5.9% in the 3rd quarter. Captrust Financial Advisors now owns 312,646 shares of the credit services provider’s stock valued at $52,518,000 after acquiring an additional 17,293 shares during the period. American Century Companies Inc. raised its position in shares of Federal Agricultural Mortgage by 9.6% in 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 acquiring an additional 25,305 shares during the period. Capital World Investors acquired a new stake in shares of Federal Agricultural Mortgage in the 3rd quarter valued at approximately $46,324,000. Finally, Raymond James Financial Inc. raised its position in shares of Federal Agricultural Mortgage by 18.3% in the 3rd quarter. Raymond James Financial Inc. now owns 182,745 shares of the credit services provider’s stock valued at $30,697,000 after acquiring an additional 28,228 shares during the period. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AGM shares. Wall Street Zen downgraded shares of Federal Agricultural Mortgage from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Keefe, Bruyette & Woods reduced their target price on Federal Agricultural Mortgage from $219.00 to $215.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $215.00.

Federal Agricultural Mortgage Stock Performance

AGM stock opened at $173.40 on Friday. The business’s 50-day moving average price is $157.41 and its two-hundred day moving average price is $165.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 2.00. The firm has a market cap of $1.88 billion, a PE ratio of 10.42, a P/E/G ratio of 0.81 and a beta of 0.95. Federal Agricultural Mortgage Corporation has a 1-year low of $136.57 and a 1-year high of $210.64.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Thursday, February 19th. The credit services provider reported $3.66 earnings per share for the quarter, missing the consensus estimate of $4.50 by ($0.84). The business had revenue of $101.39 million for the quarter, compared to the consensus estimate of $107.45 million. Federal Agricultural Mortgage had a return on equity of 17.93% and a net margin of 15.73%. As a group, research analysts forecast that Federal Agricultural Mortgage Corporation will post 19.41 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $1.60 per share. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.50. This represents a $6.40 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, March 16th. Federal Agricultural Mortgage’s dividend payout ratio is presently 38.46%.

About Federal Agricultural Mortgage

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.