Fulton Financial Corporation $FULT Shares Bought by UBS Group AG

UBS Group AG grew its position in Fulton Financial Corporation (NASDAQ:FULT) by 78.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 666,449 shares of the bank’s stock after buying an additional 291,975 shares during the period. UBS Group AG’s holdings in Fulton Financial were worth $12,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FULT. Royal Bank of Canada grew its position in Fulton Financial by 4.9% in the first quarter. Royal Bank of Canada now owns 220,706 shares of the bank’s stock worth $3,992,000 after acquiring an additional 10,242 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Fulton Financial by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,096 shares of the bank’s stock valued at $1,955,000 after purchasing an additional 4,727 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Fulton Financial by 5.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 448,832 shares of the bank’s stock valued at $8,119,000 after purchasing an additional 21,596 shares during the period. Jane Street Group LLC lifted its stake in shares of Fulton Financial by 914.9% in the 1st quarter. Jane Street Group LLC now owns 308,243 shares of the bank’s stock valued at $5,576,000 after purchasing an additional 277,871 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Fulton Financial in the 1st quarter valued at $152,000. Institutional investors and hedge funds own 72.02% of the company’s stock.

Insider Transactions at Fulton Financial

In related news, Director E Philip Wenger sold 5,000 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $21.42, for a total transaction of $107,100.00. Following the completion of the transaction, the director directly owned 80,477 shares of the company’s stock, valued at $1,723,817.34. The trade was a 5.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

FULT has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Fulton Financial from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Fulton Financial in a research report on Monday, April 27th. DA Davidson assumed coverage on shares of Fulton Financial in a research report on Wednesday, February 25th. They set a “neutral” rating and a $24.00 price target for the company. Finally, Weiss Ratings raised shares of Fulton Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.00.

Fulton Financial Trading Up 1.6%

Shares of FULT stock opened at $21.01 on Friday. Fulton Financial Corporation has a fifty-two week low of $16.60 and a fifty-two week high of $22.99. The company has a 50 day moving average price of $20.82 and a 200 day moving average price of $20.10. The stock has a market capitalization of $4.02 billion, a P/E ratio of 10.00 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.90 and a current ratio of 0.90.

Fulton Financial (NASDAQ:FULT) last released its earnings results on Wednesday, April 22nd. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Fulton Financial had a net margin of 20.85% and a return on equity of 12.69%. The company had revenue of $331.86 million for the quarter, compared to analyst estimates of $359.36 million. During the same period in the prior year, the business earned $0.52 EPS. Equities research analysts predict that Fulton Financial Corporation will post 2.17 EPS for the current fiscal year.

Fulton Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Wednesday, April 1st. Fulton Financial’s dividend payout ratio (DPR) is presently 36.19%.

Fulton Financial Profile

Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.

Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.