Great West Life Assurance Co. Can Increases Position in Fulton Financial Corp (FULT)

Great West Life Assurance Co. Can increased its position in Fulton Financial Corp (NASDAQ:FULT) by 5.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,183 shares of the bank’s stock after buying an additional 5,057 shares during the period. Great West Life Assurance Co. Can’s holdings in Fulton Financial Corp were worth $1,783,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FULT. Comerica Bank boosted its position in shares of Fulton Financial Corp by 34.8% in the fourth quarter. Comerica Bank now owns 204,714 shares of the bank’s stock worth $3,849,000 after buying an additional 52,893 shares during the period. State Street Corp boosted its position in shares of Fulton Financial Corp by 11.7% in the fourth quarter. State Street Corp now owns 8,065,027 shares of the bank’s stock worth $151,626,000 after buying an additional 845,682 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Fulton Financial Corp by 9.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,850 shares of the bank’s stock worth $561,000 after buying an additional 2,700 shares during the period. Norges Bank bought a new position in shares of Fulton Financial Corp during the fourth quarter worth approximately $33,985,000. Finally, Louisiana State Employees Retirement System boosted its position in shares of Fulton Financial Corp by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 44,000 shares of the bank’s stock worth $785,000 after buying an additional 1,200 shares during the period. 58.70% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Fulton Financial Corp (NASDAQ:FULT)

Fulton Financial Corp (NASDAQ:FULT) opened at 17.90 on Tuesday. Fulton Financial Corp has a 1-year low of $12.66 and a 1-year high of $19.75. The stock has a market capitalization of $3.13 billion, a PE ratio of 18.65 and a beta of 1.10. The stock’s 50 day moving average price is $18.06 and its 200 day moving average price is $18.36.

Fulton Financial Corp (NASDAQ:FULT) last issued its quarterly earnings results on Tuesday, April 18th. The bank reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Fulton Financial Corp had a net margin of 20.37% and a return on equity of 7.67%. The firm had revenue of $183.15 million during the quarter, compared to the consensus estimate of $184.36 million. During the same period in the prior year, the firm earned $0.22 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, equities research analysts predict that Fulton Financial Corp will post $1.07 earnings per share for the current fiscal year.

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FULT has been the topic of a number of analyst reports. Keefe, Bruyette & Woods set a $17.00 price target on Fulton Financial Corp and gave the stock a “hold” rating in a research note on Monday, April 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price target on shares of Fulton Financial Corp in a research note on Monday, May 15th. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $18.00 price target (up from $17.00) on shares of Fulton Financial Corp in a research note on Friday, April 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $18.50.

In other Fulton Financial Corp news, EVP Meg R. Mueller sold 3,266 shares of the stock in a transaction on Monday, April 24th. The shares were sold at an average price of $18.90, for a total value of $61,727.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Fulton Financial Corp Company Profile

Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FULT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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