Copeland Capital Management LLC Grows Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Copeland Capital Management LLC increased its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,527 shares of the credit services provider’s stock after purchasing an additional 184 shares during the quarter. Copeland Capital Management LLC’s holdings in Federal Agricultural Mortgage were worth $54,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in shares of Federal Agricultural Mortgage in the 2nd quarter worth approximately $36,000. Sunbelt Securities Inc. raised its holdings in shares of Federal Agricultural Mortgage by 194.2% during the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock valued at $40,000 after acquiring an additional 134 shares in the last quarter. Fifth Third Bancorp lifted its stake in Federal Agricultural Mortgage by 160.5% in the second quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock worth $94,000 after acquiring an additional 321 shares during the period. Ridgewood Investments LLC purchased a new position in Federal Agricultural Mortgage during the 2nd quarter valued at $108,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Federal Agricultural Mortgage in the 2nd quarter worth $181,000. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $215.00 target price on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Federal Agricultural Mortgage Price Performance

AGM opened at $183.34 on Tuesday. Federal Agricultural Mortgage Co. has a 12-month low of $140.44 and a 12-month high of $217.60. The stock has a fifty day simple moving average of $186.49 and a two-hundred day simple moving average of $185.55. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Monday, August 5th. The credit services provider reported $3.63 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.46). The company had revenue of $406.23 million during the quarter, compared to the consensus estimate of $91.77 million. Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. During the same period last year, the firm posted $3.86 earnings per share. Research analysts predict that Federal Agricultural Mortgage Co. will post 15.95 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $1.40 per share. The ex-dividend date was Monday, September 16th. This represents a $5.60 dividend on an annualized basis and a yield of 3.05%. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.15%.

Insiders Place Their Bets

In related news, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the sale, the executive vice president now owns 22,045 shares of the company’s stock, valued at $4,018,362.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the transaction, the executive vice president now directly owns 22,045 shares of the company’s stock, valued at $4,018,362.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sara Louise Faivre-Davis sold 685 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total transaction of $129,417.05. Following the completion of the sale, the director now owns 4,595 shares in the company, valued at $868,133.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,967 shares of company stock valued at $729,487. Insiders own 2.58% of the company’s stock.

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.