Fulton Financial Co. (NASDAQ:FULT) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 567,790 shares of the bank's stock after purchasing an additional 34,844 shares during the period. Nordea Investment Management AB owned 0.31% of Fulton Financial worth $11,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FULT. JPMorgan Chase & Co. increased its position in Fulton Financial by 130.4% during the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Fulton Financial by 52.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 31,500 shares of the bank's stock valued at $571,000 after acquiring an additional 10,773 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Fulton Financial by 11.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,519 shares of the bank's stock valued at $118,000 after purchasing an additional 676 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Fulton Financial by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,371,223 shares of the bank's stock valued at $79,264,000 after purchasing an additional 85,574 shares during the last quarter. Finally, Barclays PLC boosted its stake in Fulton Financial by 79.4% in the 3rd quarter. Barclays PLC now owns 420,636 shares of the bank's stock worth $7,626,000 after purchasing an additional 186,215 shares in the last quarter. Hedge funds and other institutional investors own 72.02% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FULT shares. Stephens raised shares of Fulton Financial from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. StockNews.com lowered Fulton Financial from a "hold" rating to a "sell" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods boosted their price target on Fulton Financial from $20.00 to $23.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, Piper Sandler set a $21.00 price objective on Fulton Financial in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $19.50.

Fulton Financial Stock Performance

Shares of FULT traded up $0.06 during mid-day trading on Thursday, reaching $19.34. The company had a trading volume of 1,499,496 shares, compared to its average volume of 1,252,319. The stock has a market capitalization of $3.52 billion, a P/E ratio of 12.24 and a beta of 0.79. Fulton Financial Co. has a 52-week low of $13.87 and a 52-week high of $22.49. The stock has a 50 day moving average of $20.42 and a two-hundred day moving average of $18.85. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32.

Fulton Financial (NASDAQ:FULT - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The bank reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. Fulton Financial had a return on equity of 11.33% and a net margin of 16.37%. The business had revenue of $487.33 million for the quarter, compared to analyst estimates of $321.00 million. During the same quarter in the prior year, the firm posted $0.43 EPS. On average, analysts expect that Fulton Financial Co. will post 1.73 earnings per share for the current year.

Fulton Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.72%. This is an increase from Fulton Financial's previous quarterly dividend of $0.17. Fulton Financial's dividend payout ratio is 45.57%.

Insider Transactions at Fulton Financial

In other Fulton Financial news, CEO Curtis J. Myers sold 24,192 shares of the company's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $21.16, for a total transaction of $511,902.72. Following the completion of the transaction, the chief executive officer now directly owns 155,946 shares in the company, valued at approximately $3,299,817.36. This represents a 13.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.07% of the company's stock.

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.