UBS Asset Management Americas Inc. boosted its position in shares of Fulton Financial Corp. (NASDAQ:FULT) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,041 shares of the company’s stock after buying an additional 1,657 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.09% of Fulton Financial Corp. worth $2,120,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. LS Investment Advisors LLC raised its position in shares of Fulton Financial Corp. by 76.7% in the second quarter. LS Investment Advisors LLC now owns 10,458 shares of the company’s stock worth $141,000 after buying an additional 4,538 shares during the last quarter. Wagner Bowman Management Corp raised its stake in Fulton Financial Corp. by 0.6% in the second quarter. Wagner Bowman Management Corp now owns 11,878 shares of the company’s stock valued at $160,000 after buying an additional 74 shares during the last quarter. Bbva Compass Bancshares Inc. bought a new stake in Fulton Financial Corp. during the second quarter valued at about $162,000. Bank of Montreal Can bought a new stake in Fulton Financial Corp. during the second quarter valued at about $172,000. Finally, Boston Private Wealth LLC raised its stake in Fulton Financial Corp. by 20.2% in the second quarter. Boston Private Wealth LLC now owns 17,816 shares of the company’s stock valued at $241,000 after buying an additional 3,000 shares during the last quarter. 59.12% of the stock is owned by institutional investors.
Shares of Fulton Financial Corp. (NASDAQ:FULT) traded up 0.14% during midday trading on Friday, hitting $14.61. The stock had a trading volume of 601,417 shares. The firm’s 50 day moving average price is $14.39 and its 200 day moving average price is $13.86. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 16.83 and a beta of 1.19. Fulton Financial Corp. has a 52-week low of $11.48 and a 52-week high of $14.86.
Fulton Financial Corp. (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Fulton Financial Corp. had a return on equity of 7.31% and a net margin of 19.52%. On average, equities research analysts expect that Fulton Financial Corp. will post $0.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.40 annualized dividend and a yield of 2.74%. Fulton Financial Corp.’s dividend payout ratio (DPR) is currently 45.98%.
FULT has been the subject of several analyst reports. Hovde Group initiated coverage on Fulton Financial Corp. in a research note on Monday, September 12th. They issued an “outperform” rating and a $16.00 price objective for the company. Zacks Investment Research raised Fulton Financial Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Tuesday, September 20th. Finally, FBR & Co reaffirmed a “hold” rating on shares of Fulton Financial Corp. in a research note on Wednesday, July 20th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.25.
In other news, Director James R. Moxley III acquired 9,896 shares of the business’s stock in a transaction on Wednesday, July 27th. The stock was bought at an average cost of $13.71 per share, for a total transaction of $135,674.16. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Curtis J. Myers sold 15,580 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $14.34, for a total value of $223,417.20. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.
Fulton Financial Corp. Company Profile
Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A.
Want to see what other hedge funds are holding FULT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fulton Financial Corp. (NASDAQ:FULT).
Receive News & Ratings for Fulton Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.