American Century Companies Inc. Has $52.14 Million Position in Fulton Financial Co. (NASDAQ:FULT)

American Century Companies Inc. lessened its holdings in Fulton Financial Co. (NASDAQ:FULT) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,704,518 shares of the bank’s stock after selling 265,438 shares during the period. American Century Companies Inc. owned approximately 1.49% of Fulton Financial worth $52,143,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB grew its stake 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 valued at $11,007,000 after purchasing an additional 34,844 shares during the period. Charles Schwab Investment Management Inc. grew its position in Fulton Financial by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,377,428 shares of the bank’s stock valued at $45,837,000 after acquiring an additional 19,329 shares during the period. JPMorgan Chase & Co. grew its position in Fulton Financial by 130.4% in the third quarter. JPMorgan Chase & Co. now owns 557,303 shares of the bank’s stock valued at $10,104,000 after acquiring an additional 315,435 shares during the period. EMC Capital Management raised its stake in Fulton Financial by 151.2% during the fourth quarter. EMC Capital Management now owns 22,607 shares of the bank’s stock worth $436,000 after acquiring an additional 13,607 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Fulton Financial by 1,255.1% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the bank’s stock valued at $420,000 after acquiring an additional 18,877 shares during the period. Institutional investors and hedge funds own 72.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FULT shares. Keefe, Bruyette & Woods upped their target price on shares of Fulton Financial from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Thursday, January 23rd. Hovde Group upped their price objective on shares of Fulton Financial from $22.00 to $22.50 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Stephens upgraded shares of Fulton Financial from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. StockNews.com upgraded Fulton Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, DA Davidson lifted their price objective on Fulton Financial from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.64.

Insider Transactions at Fulton Financial

In other Fulton Financial news, President Angela M. Snyder sold 13,322 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.69, for a total value of $275,632.18. Following the transaction, the president now directly owns 63,682 shares of the company’s stock, valued at approximately $1,317,580.58. This trade represents a 17.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.07% of the stock is owned by corporate insiders.

Fulton Financial Stock Performance

FULT stock opened at $18.38 on Thursday. The company has a 50 day moving average price of $19.61 and a 200 day moving average price of $19.43. Fulton Financial Co. has a fifty-two week low of $13.87 and a fifty-two week high of $22.49. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $3.35 billion, a PE ratio of 11.71 and a beta of 0.76.

Fulton Financial (NASDAQ:FULT) last released its earnings results on Tuesday, January 21st. The bank reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same quarter in the prior year, the company earned $0.42 earnings per share. Analysts forecast that Fulton Financial Co. will post 1.91 EPS for the current year.

Fulton Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Tuesday, April 1st. Fulton Financial’s dividend payout ratio (DPR) is presently 45.86%.

Fulton Financial 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.