American Century Companies Inc. Has $52.14 Million Holdings in Fulton Financial Co. (NASDAQ:FULT)

American Century Companies Inc. trimmed its position in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,704,518 shares of the bank's stock after selling 265,438 shares during the period. American Century Companies Inc. owned approximately 1.49% of Fulton Financial worth $52,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of Fulton Financial by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 567,790 shares of the bank's stock valued at $11,007,000 after purchasing an additional 34,844 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Fulton Financial by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,377,428 shares of the bank's stock worth $45,837,000 after purchasing an additional 19,329 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Fulton Financial by 130.4% in the 3rd 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. EMC Capital Management boosted its stake in shares of Fulton Financial by 151.2% during the 4th quarter. EMC Capital Management now owns 22,607 shares of the bank's stock valued at $436,000 after buying an additional 13,607 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Fulton Financial by 1,255.1% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the bank's stock worth $420,000 after buying an additional 18,877 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, President Angela M. Snyder sold 13,322 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.69, for a total value of $275,632.18. Following the completion of the transaction, the president now owns 63,682 shares in the company, valued at $1,317,580.58. This trade represents a 17.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.07% of the stock is currently owned by insiders.

Fulton Financial Stock Down 1.6 %

FULT traded down $0.29 during trading on Friday, reaching $17.97. 957,934 shares of the stock traded hands, compared to its average volume of 1,483,018. Fulton Financial Co. has a fifty-two week low of $13.87 and a fifty-two week high of $22.49. The stock's 50-day simple moving average is $19.50 and its two-hundred day simple moving average is $19.43. 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 has a market cap of $3.27 billion, a price-to-earnings ratio of 11.45 and a beta of 0.76.

Fulton Financial (NASDAQ:FULT - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same quarter in the prior year, the firm earned $0.42 EPS. As a group, equities research analysts expect that Fulton Financial Co. will post 1.91 EPS for the current year.

Fulton Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 4.01%. Fulton Financial's dividend payout ratio (DPR) is currently 45.86%.

Analysts Set New Price Targets

Several analysts have weighed in on FULT shares. Keefe, Bruyette & Woods boosted their target price on shares of Fulton Financial from $23.00 to $24.00 and gave the company a "market perform" rating in a research note on Thursday, January 23rd. Stephens upgraded Fulton Financial from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. StockNews.com raised Fulton Financial from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. DA Davidson boosted their price target on shares of Fulton Financial from $21.00 to $22.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Finally, Hovde Group lifted 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. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.