Janus Henderson Group PLC Acquires 47,338 Shares of Fulton Financial Co. (NASDAQ:FULT)

Janus Henderson Group PLC lifted its holdings in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,517,149 shares of the bank's stock after buying an additional 47,338 shares during the period. Janus Henderson Group PLC owned about 1.38% of Fulton Financial worth $48,530,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its stake in Fulton Financial by 10.3% in the fourth 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. SRS Capital Advisors Inc. grew its stake in shares of Fulton Financial by 0.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 91,464 shares of the bank's stock valued at $1,763,000 after buying an additional 523 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in Fulton Financial by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 18,997 shares of the bank's stock worth $366,000 after buying an additional 602 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position 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 worth $42,000 after acquiring an additional 800 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Fulton Financial by 1.4% in the fourth quarter. HighTower Advisors LLC now owns 63,321 shares of the bank's stock valued at $1,221,000 after acquiring an additional 849 shares during the last quarter. Institutional investors own 72.02% of the company's stock.

Fulton Financial Stock Performance

Shares of FULT stock traded down $0.26 on Monday, hitting $17.94. The company's stock had a trading volume of 128,682 shares, compared to its average volume of 1,438,977. Fulton Financial Co. has a fifty-two week low of $14.33 and a fifty-two week high of $22.49. The company has a market capitalization of $3.26 billion, a PE ratio of 11.42 and a beta of 0.76. The stock's 50 day moving average is $17.06 and its 200-day moving average is $19.12. 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 posted its quarterly earnings data on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.08. The firm had revenue of $322.64 million for 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 company earned $0.40 EPS. Equities research analysts expect that Fulton Financial Co. will post 1.91 earnings per share for the current fiscal year.

Fulton Financial Dividend Announcement

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 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 yield of 4.01%. Fulton Financial's dividend payout ratio is 42.35%.

Wall Street Analyst Weigh In

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

About Fulton Financial

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.