Jane Street Group LLC Has $586,000 Stock Position in Fulton Financial Co. (NASDAQ:FULT)

Jane Street Group LLC lowered its stake in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 76.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,372 shares of the bank's stock after selling 97,431 shares during the quarter. Jane Street Group LLC's holdings in Fulton Financial were worth $586,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in Fulton Financial by 193.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank's stock worth $25,000 after purchasing an additional 853 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Fulton Financial by 57.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank's stock valued at $42,000 after acquiring an additional 800 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Fulton Financial in the 4th quarter valued at about $44,000. Covestor Ltd lifted its holdings in Fulton Financial by 196.9% in the 4th quarter. Covestor Ltd now owns 3,976 shares of the bank's stock valued at $76,000 after acquiring an additional 2,637 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Fulton Financial by 10.3% in the 4th quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock valued at $99,000 after acquiring an additional 509 shares during the last quarter. Institutional investors and hedge funds own 72.02% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler cut their price target on shares of Fulton Financial from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. DA Davidson restated a "neutral" rating and set a $20.00 price objective on shares of Fulton Financial in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods cut their price objective on Fulton Financial from $24.00 to $21.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.30.

Fulton Financial Price Performance

Shares of NASDAQ FULT traded down $0.07 during midday trading on Friday, reaching $17.32. 808,454 shares of the company traded hands, compared to its average volume of 1,428,575. The firm has a market cap of $3.15 billion, a PE ratio of 11.03 and a beta of 0.76. The stock's 50-day simple moving average is $16.93 and its 200-day simple moving average is $18.93. Fulton Financial Co. has a 12 month low of $14.33 and a 12 month high of $22.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 0.90.

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

Fulton Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 4.16%. Fulton Financial's payout ratio is 42.35%.

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.