Charles Schwab Investment Management Inc. Increases Stock Position in Fulton Financial Co. (NASDAQ:FULT)

Charles Schwab Investment Management Inc. increased its stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,377,428 shares of the bank's stock after buying an additional 19,329 shares during the period. Charles Schwab Investment Management Inc. owned about 1.31% of Fulton Financial worth $45,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in 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 in the last quarter. SRS Capital Advisors Inc. raised its position in Fulton Financial by 0.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 91,464 shares of the bank's stock worth $1,763,000 after acquiring an additional 523 shares during the last quarter. TD Private Client Wealth LLC raised its position in Fulton Financial by 11.6% during the third quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank's stock worth $118,000 after acquiring an additional 676 shares during the last quarter. Jones Financial Companies Lllp raised its position in Fulton Financial by 193.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,294 shares of the bank's stock worth $25,000 after acquiring an additional 853 shares during the last quarter. Finally, Valley National Advisers Inc. raised its position in Fulton Financial by 3.9% during the fourth quarter. Valley National Advisers Inc. now owns 30,700 shares of the bank's stock worth $591,000 after acquiring an additional 1,150 shares during the last quarter. Hedge funds and other institutional investors own 72.02% of the company's stock.

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Analysts Set New Price Targets

FULT has been the subject of a number of research reports. StockNews.com upgraded shares of Fulton Financial from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Stephens upgraded shares of Fulton Financial from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. DA Davidson lifted their target price on shares of Fulton Financial from $21.00 to $22.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods lifted their target price on shares of Fulton Financial from $23.00 to $24.00 and gave the stock a "market perform" rating in a research report on Thursday, January 23rd. Finally, Hovde Group lifted their target price on shares of Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a research report on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Fulton Financial has an average rating of "Hold" and a consensus price target of $20.64.

Fulton Financial Trading Up 0.3 %

Shares of NASDAQ:FULT traded up $0.05 during trading on Tuesday, reaching $18.26. The stock had a trading volume of 1,162,051 shares, compared to its average volume of 1,386,039. Fulton Financial Co. has a fifty-two week low of $13.87 and a fifty-two week high of $22.49. The business has a fifty day moving average price of $19.80 and a 200-day moving average price of $19.46. The stock has a market cap of $3.33 billion, a P/E ratio of 11.63 and a beta of 0.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.32.

Fulton Financial (NASDAQ:FULT - Get Free Report) last released 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 period in the prior year, the business earned $0.42 earnings per share. As a group, analysts anticipate that Fulton Financial Co. will post 1.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.