Fulton Financial Co. (NASDAQ:FULT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Fulton Financial Co. (NASDAQ:FULT) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,377,428 shares of the bank’s stock after acquiring an additional 19,329 shares during the period. Charles Schwab Investment Management Inc. owned 1.31% of Fulton Financial worth $45,837,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FULT. Fisher Asset Management LLC increased its position in shares of Fulton Financial by 35.3% in the 4th quarter. Fisher Asset Management LLC now owns 2,582,036 shares of the bank’s stock worth $49,782,000 after purchasing an additional 673,559 shares during the last quarter. State Street Corp grew its stake in Fulton Financial by 4.4% in the third quarter. State Street Corp now owns 10,544,159 shares of the bank’s stock worth $191,166,000 after purchasing an additional 444,219 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in 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 buying an additional 315,435 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Fulton Financial during the third quarter valued at approximately $3,489,000. Finally, Barclays PLC lifted its holdings in Fulton Financial by 79.4% during the 3rd quarter. Barclays PLC now owns 420,636 shares of the bank’s stock worth $7,626,000 after buying an additional 186,215 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fulton Financial

In other Fulton Financial news, President Angela M. Snyder sold 13,322 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.69, for a total transaction of $275,632.18. Following the sale, the president now directly owns 63,682 shares in the company, valued at approximately $1,317,580.58. The trade was a 17.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.07% of the stock is owned by company insiders.

Fulton Financial Stock Performance

Shares of FULT opened at $18.03 on Friday. The firm has a fifty day moving average of $19.82 and a 200-day moving average of $19.46. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 11.48 and a beta of 0.76. 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 Co. has a 1 year low of $13.87 and a 1 year high of $22.49.

Fulton Financial (NASDAQ:FULT) last posted its earnings results on Tuesday, January 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. During the same quarter last year, the business posted $0.42 earnings per share. As a group, equities analysts anticipate that Fulton Financial Co. will post 1.91 earnings per share for the current year.

Fulton Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.18 dividend. This is a boost from Fulton Financial’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 3.99%. The ex-dividend date was Tuesday, December 31st. Fulton Financial’s dividend payout ratio (DPR) is currently 45.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. DA Davidson boosted their target price on shares of Fulton Financial from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on shares of Fulton Financial from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. Stephens raised shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Hovde Group increased their price objective on shares of Fulton Financial from $22.00 to $22.50 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.64.

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.