Barclays PLC Has $11.51 Million Stake in Fulton Financial Co. (NASDAQ:FULT)

Barclays PLC lifted its stake in Fulton Financial Co. (NASDAQ:FULT) by 41.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 596,842 shares of the bank’s stock after purchasing an additional 176,206 shares during the period. Barclays PLC owned 0.33% of Fulton Financial worth $11,508,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. MML Investors Services LLC grew its position in shares of Fulton Financial by 14.1% during the 3rd quarter. MML Investors Services LLC now owns 23,971 shares of the bank’s stock worth $435,000 after buying an additional 2,967 shares during the period. Wilmington Savings Fund Society FSB raised its position in shares of Fulton Financial by 52.0% during the 3rd 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 during the last quarter. JPMorgan Chase & Co. lifted its stake 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 during the period. Nordea Investment Management AB boosted its position in shares of Fulton Financial by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 567,790 shares of the bank’s stock worth $11,007,000 after purchasing an additional 34,844 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Fulton Financial during the fourth quarter worth $632,000. Institutional investors own 72.02% of the company’s stock.

Insider Activity at Fulton Financial

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 owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FULT. DA Davidson restated a “neutral” rating and set a $20.00 target price on shares of Fulton Financial in a report on Wednesday, April 16th. StockNews.com upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Piper Sandler lowered their target price on shares of Fulton Financial from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Hovde Group lifted their price target 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. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Fulton Financial from $24.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Fulton Financial presently has a consensus rating of “Hold” and an average target price of $19.79.

Fulton Financial Price Performance

FULT stock opened at $15.74 on Tuesday. The stock has a market cap of $2.87 billion, a PE ratio of 10.03 and a beta of 0.68. The stock has a 50-day moving average price of $17.89 and a two-hundred day moving average price of $19.20. Fulton Financial Co. has a 1 year low of $14.33 and a 1 year high of $22.49. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32.

Fulton Financial (NASDAQ:FULT) last announced its earnings results on Tuesday, April 15th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. The business had revenue of $322.64 million for the quarter, compared to analyst estimates of $315.07 million. During the same quarter last year, the firm earned $0.40 EPS. Equities analysts forecast that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.

Fulton Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.57%. The ex-dividend date was Tuesday, April 1st. Fulton Financial’s payout ratio is 42.35%.

Fulton Financial Company 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.