Fulton Financial Corporation (FULT) Position Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in shares of Fulton Financial Corporation (NASDAQ:FULT) by 54.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 324,346 shares of the bank’s stock after buying an additional 114,256 shares during the period. Russell Investments Group Ltd. owned 0.19% of Fulton Financial Corporation worth $6,162,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Fulton Financial Corporation by 1.3% in the first quarter. Bank of Montreal Can now owns 12,971 shares of the bank’s stock valued at $231,000 after buying an additional 169 shares during the period. Capstone Asset Management Co. boosted its position in shares of Fulton Financial Corporation by 0.5% in the first quarter. Capstone Asset Management Co. now owns 13,849 shares of the bank’s stock valued at $247,000 after buying an additional 70 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Fulton Financial Corporation by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 44,000 shares of the bank’s stock valued at $785,000 after buying an additional 1,200 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Fulton Financial Corporation by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 91,500 shares of the bank’s stock valued at $1,633,000 after buying an additional 1,400 shares during the period. Finally, Retirement Systems of Alabama boosted its position in shares of Fulton Financial Corporation by 0.5% in the first quarter. Retirement Systems of Alabama now owns 224,761 shares of the bank’s stock valued at $4,012,000 after buying an additional 1,009 shares during the period. Institutional investors and hedge funds own 62.30% of the company’s stock.

Shares of Fulton Financial Corporation (FULT) traded up 0.733% during midday trading on Monday, hitting $17.175. The stock had a trading volume of 241,536 shares. The stock has a market cap of $3.00 billion, a PE ratio of 17.348 and a beta of 1.16. The stock’s 50-day moving average is $18.27 and its 200-day moving average is $18.31. Fulton Financial Corporation has a 12 month low of $13.94 and a 12 month high of $19.90.

Fulton Financial Corporation (NASDAQ:FULT) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The firm had revenue of $193.93 million for the quarter, compared to analyst estimates of $194.02 million. Fulton Financial Corporation had a net margin of 20.86% and a return on equity of 8.02%. During the same quarter in the prior year, the business earned $0.23 EPS. Equities analysts anticipate that Fulton Financial Corporation will post $1.06 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Fulton Financial Corporation (FULT) Position Raised by Russell Investments Group Ltd.” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://sportsperspectives.com/2017/08/21/fulton-financial-corporation-fult-position-raised-by-russell-investments-group-ltd.html.

FULT has been the topic of several recent analyst reports. Jefferies Group LLC restated a “hold” rating and set a $20.00 price objective on shares of Fulton Financial Corporation in a research note on Friday, May 5th. Keefe, Bruyette & Woods set a $18.00 price objective on Fulton Financial Corporation and gave the company a “hold” rating in a research note on Monday, May 22nd. ValuEngine upgraded Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. BidaskClub upgraded Fulton Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Stephens initiated coverage on Fulton Financial Corporation in a research note on Thursday, July 13th. They set an “equal weight” rating on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Fulton Financial Corporation presently has a consensus rating of “Hold” and an average target price of $18.33.

In other Fulton Financial Corporation news, Director R Scott Smith, Jr. sold 5,539 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $18.35, for a total value of $101,640.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Craig A. Roda sold 19,309 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total transaction of $355,671.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,348 shares of company stock worth $484,312. Company insiders own 0.68% of the company’s stock.

About Fulton Financial Corporation

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).

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

Receive News & Ratings for Fulton Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply