Copeland Capital Management LLC decreased its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM – Free Report) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,399 shares of the credit services provider’s stock after selling 36,890 shares during the period. Copeland Capital Management LLC owned 2.66% of Federal Agricultural Mortgage worth $44,500,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Boston Partners lifted its stake in Federal Agricultural Mortgage by 2.2% in the second quarter. Boston Partners now owns 494,771 shares of the credit services provider’s stock valued at $72,670,000 after buying an additional 10,698 shares during the period. Principal Financial Group Inc. boosted its stake in Federal Agricultural Mortgage by 1.4% during the second quarter. Principal Financial Group Inc. now owns 333,394 shares of the credit services provider’s stock worth $47,921,000 after acquiring an additional 4,534 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Federal Agricultural Mortgage by 9.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 254,993 shares of the credit services provider’s stock worth $36,653,000 after acquiring an additional 22,562 shares in the last quarter. Geode Capital Management LLC grew its holdings in Federal Agricultural Mortgage by 3.1% in the second quarter. Geode Capital Management LLC now owns 183,324 shares of the credit services provider’s stock worth $26,351,000 after purchasing an additional 5,442 shares during the period. Finally, Northern Trust Corp increased its stake in Federal Agricultural Mortgage by 4.5% in the second quarter. Northern Trust Corp now owns 113,521 shares of the credit services provider’s stock valued at $16,318,000 after purchasing an additional 4,905 shares in the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.
Federal Agricultural Mortgage Stock Down 0.8 %
Shares of Federal Agricultural Mortgage stock traded down $1.49 during trading hours on Friday, reaching $191.22. The company’s stock had a trading volume of 42,364 shares, compared to its average volume of 58,498. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.46 and a current ratio of 0.46. The stock’s fifty day simple moving average is $167.40 and its two-hundred day simple moving average is $160.79. The company has a market capitalization of $2.07 billion, a P/E ratio of 12.38 and a beta of 1.10. Federal Agricultural Mortgage Co. has a one year low of $112.12 and a one year high of $198.17.
Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) last announced its quarterly earnings results on Monday, November 6th. The credit services provider reported $4.13 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.21. The business had revenue of $97.15 million for the quarter, compared to analysts’ expectations of $84.00 million. Federal Agricultural Mortgage had a net margin of 14.67% and a return on equity of 22.38%. On average, research analysts forecast that Federal Agricultural Mortgage Co. will post 15.25 earnings per share for the current year.
Federal Agricultural Mortgage Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $1.10 per share. The ex-dividend date was Thursday, December 14th. This represents a $4.40 annualized dividend and a yield of 2.30%. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 28.50%.
Analyst Ratings Changes
Several analysts have recently commented on the company. Keefe, Bruyette & Woods initiated coverage on Federal Agricultural Mortgage in a research note on Tuesday, September 5th. They issued an “outperform” rating for the company. StockNews.com started coverage on Federal Agricultural Mortgage in a research note on Thursday, October 5th. They issued a “hold” rating for the company.
Get Our Latest Analysis on AGM
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 Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy segments. 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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