Fulton Financial Co. (NASDAQ:FULT) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its stake in shares of Fulton Financial Co. (NASDAQ:FULT) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,583 shares of the bank’s stock after selling 3,536 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Fulton Financial were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Creative Planning raised its stake in Fulton Financial by 26.5% during the 3rd quarter. Creative Planning now owns 33,554 shares of the bank’s stock worth $608,000 after acquiring an additional 7,039 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Fulton Financial by 7.6% during the third quarter. Private Advisor Group LLC now owns 32,656 shares of the bank’s stock worth $592,000 after purchasing an additional 2,303 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Fulton Financial by 11.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 32,015 shares of the bank’s stock worth $580,000 after purchasing an additional 3,345 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Fulton Financial by 5.5% in the 3rd quarter. New York State Teachers Retirement System now owns 237,950 shares of the bank’s stock valued at $4,314,000 after purchasing an additional 12,350 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Fulton Financial by 13.8% in the 3rd quarter. QRG Capital Management Inc. now owns 98,858 shares of the bank’s stock valued at $1,792,000 after purchasing an additional 11,966 shares during the period. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Fulton Financial Stock Down 0.8 %

Shares of Fulton Financial stock opened at $19.66 on Tuesday. The company has a market cap of $3.58 billion, a P/E ratio of 12.52 and a beta of 0.79. The firm has a fifty day moving average of $20.09 and a two-hundred day moving average of $19.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 0.90. Fulton Financial Co. has a one year low of $13.87 and a one year high of $22.49.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.48 earnings per share for the quarter, beating 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 period last year, the firm posted $0.42 EPS. On average, analysts forecast that Fulton Financial Co. will post 1.91 earnings per share for the current year.

Fulton Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.18 per share. This is a positive change from Fulton Financial’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Tuesday, December 31st. Fulton Financial’s dividend payout ratio is presently 45.86%.

Insider Activity

In other Fulton Financial news, CEO Curtis J. Myers sold 24,192 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $21.16, for a total value of $511,902.72. Following the sale, the chief executive officer now owns 155,946 shares of the company’s stock, valued at $3,299,817.36. This represents a 13.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Angela M. Snyder sold 13,322 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $20.69, for a total transaction 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 disclosure for this sale can be found here. Insiders own 1.07% of the company’s stock.

Analysts Set New Price Targets

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

About Fulton Financial

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.