Northern Trust Corp Has $39.25 Million Stock Holdings in Fulton Financial Co. (NASDAQ:FULT)

Northern Trust Corp decreased its position in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,035,629 shares of the bank's stock after selling 19,508 shares during the period. Northern Trust Corp owned 1.12% of Fulton Financial worth $39,247,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of FULT. Barclays PLC lifted its holdings in Fulton Financial by 79.4% in the third quarter. Barclays PLC now owns 420,636 shares of the bank's stock valued at $7,626,000 after acquiring an additional 186,215 shares during the period. JPMorgan Chase & Co. grew its position in shares of Fulton Financial by 130.4% in the third quarter. JPMorgan Chase & Co. now owns 557,303 shares of the bank's stock valued at $10,104,000 after purchasing an additional 315,435 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Fulton Financial during the fourth quarter worth $632,000. Stillwater Capital Advisors LLC acquired a new stake in Fulton Financial in the fourth quarter valued at $540,000. Finally, Blue Trust Inc. grew its holdings in shares of Fulton Financial by 10.3% during the fourth quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock worth $99,000 after buying an additional 509 shares during the last quarter. Institutional investors own 72.02% of the company's stock.

Fulton Financial Stock Performance

Shares of FULT stock traded up $0.03 during trading hours on Thursday, hitting $18.22. The stock had a trading volume of 338,124 shares, compared to its average volume of 1,442,921. The stock's 50 day moving average is $17.02 and its 200 day moving average is $19.11. The firm has a market capitalization of $3.32 billion, a PE ratio of 11.61 and a beta of 0.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial Co. has a twelve month low of $14.33 and a twelve month high of $22.49.

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 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 period in the previous year, the company posted $0.40 EPS. As a group, research analysts forecast that Fulton Financial Co. will post 1.91 earnings per share for the current fiscal year.

Fulton Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were issued a $0.18 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.72 annualized dividend and a yield of 3.95%. Fulton Financial's dividend payout ratio (DPR) is 42.35%.

Wall Street Analyst Weigh In

FULT has been the subject of a number of analyst reports. Hovde Group upped their price objective on shares of 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 upgraded Fulton Financial from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Piper Sandler dropped their target price on shares of Fulton Financial from $22.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. DA Davidson reiterated a "neutral" rating and set a $20.00 target price on shares of Fulton Financial in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods lowered 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 report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.