Janus Henderson Group PLC decreased its stake in shares of Fulton Financial Co. (NASDAQ:FULT - Free Report) by 29.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,469,811 shares of the bank's stock after selling 1,048,589 shares during the period. Janus Henderson Group PLC owned 1.36% of Fulton Financial worth $44,776,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in FULT. Price T Rowe Associates Inc. MD lifted its position in Fulton Financial by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 106,830 shares of the bank's stock worth $1,698,000 after buying an additional 5,658 shares in the last quarter. QRG Capital Management Inc. lifted its position in Fulton Financial by 16.5% during the 2nd quarter. QRG Capital Management Inc. now owns 86,892 shares of the bank's stock valued at $1,475,000 after purchasing an additional 12,311 shares during the period. AlphaMark Advisors LLC acquired a new position in Fulton Financial during the 2nd quarter valued at about $308,000. Atwater Malick LLC acquired a new position in Fulton Financial during the 2nd quarter valued at about $175,000. Finally, Blue Trust Inc. lifted its position in Fulton Financial by 21.9% during the 2nd quarter. Blue Trust Inc. now owns 3,840 shares of the bank's stock valued at $61,000 after purchasing an additional 691 shares during the period. Institutional investors and hedge funds own 72.02% of the company's stock.
Fulton Financial Trading Up 0.4 %
Shares of FULT stock traded up $0.08 on Friday, reaching $21.24. The company had a trading volume of 583,684 shares, compared to its average volume of 1,451,114. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.87 billion, a PE ratio of 13.37 and a beta of 0.78. The company has a 50-day moving average of $19.32 and a 200-day moving average of $18.23. Fulton Financial Co. has a 12 month low of $13.87 and a 12 month high of $22.49.
Fulton Financial (NASDAQ:FULT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The bank reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. Fulton Financial had a return on equity of 11.33% and a net margin of 16.37%. The company had revenue of $487.33 million during the quarter, compared to analysts' expectations of $321.00 million. During the same period in the prior year, the business posted $0.43 EPS. On average, equities analysts forecast that Fulton Financial Co. will post 1.74 earnings per share for the current year.
Fulton Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.68 dividend on an annualized basis and a yield of 3.20%. Fulton Financial's payout ratio is 43.04%.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Piper Sandler set a $21.00 target price on shares of Fulton Financial in a research report on Thursday, October 17th. StockNews.com downgraded shares of Fulton Financial from a "hold" rating to a "sell" rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Fulton Financial from $20.00 to $23.00 and gave the company a "market perform" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.50.
Read Our Latest Report on FULT
About Fulton Financial
(
Free Report)
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.
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