Fulton Financial Co. (NASDAQ:FULT) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC grew its holdings in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 223,499 shares of the bank's stock after buying an additional 16,944 shares during the quarter. AQR Capital Management LLC owned 0.12% of Fulton Financial worth $4,309,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FULT. Barclays PLC grew its holdings in Fulton Financial by 79.4% during the 3rd quarter. Barclays PLC now owns 420,636 shares of the bank's stock worth $7,626,000 after acquiring an additional 186,215 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Fulton Financial by 130.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 557,303 shares of the bank's stock worth $10,104,000 after buying an additional 315,435 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Fulton Financial during the fourth quarter valued at approximately $632,000. Stillwater Capital Advisors LLC acquired a new stake in Fulton Financial in the fourth quarter valued at approximately $540,000. Finally, Blue Trust Inc. grew its holdings in Fulton Financial by 10.3% in the fourth quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock worth $99,000 after purchasing an additional 509 shares during the last quarter. 72.02% of the stock is owned by hedge funds and other institutional investors.

Fulton Financial Stock Performance

NASDAQ:FULT traded up $0.04 during trading hours on Thursday, reaching $18.23. The company had a trading volume of 338,124 shares, compared to its average volume of 1,442,926. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial Co. has a 1-year low of $14.33 and a 1-year high of $22.49. The business's 50 day moving average price is $17.02 and its 200-day moving average price is $19.11. The firm has a market cap of $3.32 billion, a PE ratio of 11.61 and a beta of 0.76.

Fulton Financial (NASDAQ:FULT - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $322.64 million for the quarter, compared to analyst estimates of $315.07 million. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. During the same quarter last year, the business earned $0.40 earnings per share. Research analysts forecast that Fulton Financial Co. will post 1.91 EPS for the current year.

Fulton Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a $0.18 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 3.95%. Fulton Financial's payout ratio is 42.35%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FULT. Keefe, Bruyette & Woods dropped their target price on Fulton Financial from $24.00 to $21.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. Hovde Group upped their price target on shares of Fulton Financial from $22.00 to $22.50 and gave the company a "market perform" rating in a research note on Monday, January 27th. Piper Sandler lowered their price objective on shares of Fulton Financial from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. StockNews.com raised Fulton Financial from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, DA Davidson reissued a "neutral" rating and set a $20.00 price target on shares of Fulton Financial in a research report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $20.30.

Fulton Financial Profile

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.