Fulton Financial Co. (NASDAQ:FULT) Shares Purchased by Man Group plc

Man Group plc raised its holdings in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 182.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,286 shares of the bank's stock after acquiring an additional 33,107 shares during the quarter. Man Group plc's holdings in Fulton Financial were worth $989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in Fulton Financial by 193.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank's stock valued at $25,000 after acquiring an additional 853 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Fulton Financial by 57.1% during the fourth 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 period. McClarren Financial Advisors Inc. bought a new stake in Fulton Financial during the fourth quarter valued at about $44,000. Covestor Ltd raised its holdings in Fulton Financial by 196.9% during the fourth 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 period. Finally, Blue Trust Inc. raised its holdings in Fulton Financial by 10.3% during the fourth 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 period. 72.02% of the stock is owned by institutional investors.

Fulton Financial Trading Up 2.2%

FULT traded up $0.38 on Tuesday, hitting $17.54. The company had a trading volume of 865,354 shares, compared to its average volume of 1,433,703. The company has a market cap of $3.19 billion, a PE ratio of 11.17 and a beta of 0.76. Fulton Financial Co. has a 12-month low of $14.33 and a 12-month high of $22.49. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.32. The business's fifty day simple moving average is $16.99 and its 200 day simple moving average is $19.04.

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, topping the consensus estimate of $0.44 by $0.08. The company had revenue of $322.64 million during the quarter, compared to analyst estimates of $315.07 million. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same quarter last year, the business posted $0.40 earnings per share. Equities research analysts expect that Fulton Financial Co. will post 1.91 EPS for the current year.

Fulton Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 4.10%. Fulton Financial's dividend payout ratio (DPR) is presently 42.35%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FULT. Hovde Group lifted their target price on Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods reduced their target price 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. Piper Sandler reduced their target price on Fulton Financial from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $20.00 target price on shares of Fulton Financial in a report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Fulton Financial presently has an average rating of "Hold" and an average 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.