Louisiana State Employees Retirement System Buys New Position in Fulton Financial Co. (NASDAQ:FULT)

Louisiana State Employees Retirement System bought a new stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 82,200 shares of the bank's stock, valued at approximately $1,353,000. Louisiana State Employees Retirement System owned 0.05% of Fulton Financial as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of Fulton Financial by 16.0% in the 3rd quarter. American Century Companies Inc. now owns 1,682,119 shares of the bank's stock worth $20,370,000 after purchasing an additional 232,462 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Fulton Financial by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,961,441 shares of the bank's stock worth $23,753,000 after acquiring an additional 117,935 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in Fulton Financial in the 3rd quarter worth approximately $1,163,000. Janney Montgomery Scott LLC increased its holdings in Fulton Financial by 76.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 158,034 shares of the bank's stock worth $1,914,000 after acquiring an additional 68,600 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Fulton Financial by 91.0% in the 3rd quarter. SG Americas Securities LLC now owns 143,292 shares of the bank's stock worth $1,735,000 after acquiring an additional 68,286 shares in the last quarter. Institutional investors own 72.02% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FULT shares. Keefe, Bruyette & Woods increased their target price on shares of Fulton Financial from $16.00 to $17.00 and gave the stock a "market perform" rating in a report on Thursday, January 18th. StockNews.com raised shares of Fulton Financial from a "sell" rating to a "hold" rating in a report on Wednesday, March 13th. Stephens lowered their target price on Fulton Financial from $16.00 to $15.50 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Jefferies Financial Group lowered their target price on Fulton Financial from $17.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Fulton Financial has an average rating of "Hold" and a consensus price target of $16.17.

Fulton Financial Trading Up 1.5 %

FULT traded up $0.22 during trading on Monday, reaching $15.21. The company had a trading volume of 1,163,492 shares, compared to its average volume of 1,118,163. Fulton Financial Co. has a 52 week low of $9.64 and a 52 week high of $17.06. The stock has a market cap of $2.46 billion, a P/E ratio of 9.45 and a beta of 0.81. The business has a 50 day simple moving average of $15.29 and a 200-day simple moving average of $14.96. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43.

Fulton Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.68 annualized dividend and a dividend yield of 4.47%. Fulton Financial's dividend payout ratio (DPR) is 42.24%.

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.