Fulton Financial Co. (NASDAQ:FULT) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,326,578 shares of the bank's stock after acquiring an additional 117,946 shares during the period. Invesco Ltd. owned about 0.73% of Fulton Financial worth $25,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp grew its holdings in Fulton Financial by 193.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank's stock valued at $25,000 after buying an additional 853 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake 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 in the last quarter. McClarren Financial Advisors Inc. bought a new stake in Fulton Financial during the 4th quarter worth approximately $44,000. Blue Trust Inc. grew its position in shares of Fulton Financial by 10.3% during the 4th quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock valued at $99,000 after purchasing an additional 509 shares in the last quarter. Finally, AlphaQuest LLC increased its stake in Fulton Financial by 16,041.2% in the 4th quarter. AlphaQuest LLC now owns 5,488 shares of the bank's stock worth $106,000 after acquiring an additional 5,454 shares during the last quarter. 72.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FULT has been the topic of several analyst reports. Piper Sandler decreased their target price on shares of Fulton Financial from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. DA Davidson reissued a "neutral" rating and issued a $20.00 target price on shares of Fulton Financial in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their price objective on shares of 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. StockNews.com upgraded shares of Fulton Financial from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, Hovde Group boosted their price target on Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Fulton Financial presently has an average rating of "Hold" and a consensus target price of $19.79.

Fulton Financial Stock Performance

Shares of FULT traded up $0.02 on Thursday, reaching $16.46. The company's stock had a trading volume of 206,050 shares, compared to its average volume of 1,555,482. Fulton Financial Co. has a 12-month low of $14.33 and a 12-month high of $22.49. The stock has a market capitalization of $3.00 billion, a P/E ratio of 10.47 and a beta of 0.68. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. The stock's 50 day simple moving average is $17.72 and its two-hundred day simple moving average is $19.16.

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

Fulton Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Tuesday, April 1st. Fulton Financial's dividend payout ratio (DPR) is presently 42.35%.

Insider Buying and Selling at Fulton Financial

In related news, President Angela M. Snyder sold 13,322 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.69, for a total value of $275,632.18. Following the sale, the president now directly owns 63,682 shares of the company's stock, valued at $1,317,580.58. This represents a 17.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.07% of the stock is currently owned by company insiders.

Fulton Financial Company 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.