Fulton Financial Corporation (FULT) Shares Bought by Balyasny Asset Management LLC

Balyasny Asset Management LLC grew its position in Fulton Financial Corporation (NASDAQ:FULT) by 146.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,276 shares of the bank’s stock after acquiring an additional 96,993 shares during the period. Balyasny Asset Management LLC owned 0.09% of Fulton Financial Corporation worth $3,102,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Fulton Financial Corporation by 17,543.0% in the first quarter. BlackRock Inc. now owns 18,627,957 shares of the bank’s stock valued at $332,509,000 after acquiring an additional 18,522,374 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Fulton Financial Corporation by 2.1% in the second quarter. Vanguard Group Inc. now owns 15,089,443 shares of the bank’s stock valued at $286,699,000 after acquiring an additional 314,230 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Fulton Financial Corporation by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 14,443,398 shares of the bank’s stock valued at $274,426,000 after acquiring an additional 112,692 shares during the last quarter. State Street Corp raised its stake in shares of Fulton Financial Corporation by 10.2% in the first quarter. State Street Corp now owns 8,886,263 shares of the bank’s stock valued at $158,622,000 after acquiring an additional 821,236 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Fulton Financial Corporation by 0.6% in the second quarter. Alliancebernstein L.P. now owns 5,009,090 shares of the bank’s stock valued at $95,173,000 after acquiring an additional 29,669 shares during the last quarter. Institutional investors own 62.99% of the company’s stock.

Shares of Fulton Financial Corporation (NASDAQ:FULT) opened at 19.25 on Wednesday. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 19.44 and a beta of 1.17. The company has a 50 day moving average of $17.93 and a 200-day moving average of $18.11. Fulton Financial Corporation has a one year low of $14.04 and a one year high of $19.90.

Fulton Financial Corporation (NASDAQ:FULT) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $0.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $193.93 million during the quarter, compared to the consensus estimate 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 firm earned $0.23 EPS. On average, analysts expect that Fulton Financial Corporation will post $1.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, September 29th. Fulton Financial Corporation’s payout ratio is 44.44%.

TRADEMARK VIOLATION WARNING: “Fulton Financial Corporation (FULT) Shares Bought by Balyasny Asset Management LLC” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/11/fulton-financial-corporation-fult-shares-bought-by-balyasny-asset-management-llc.html.

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.50 target price on shares of Fulton Financial Corporation in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, September 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 target price on shares of Fulton Financial Corporation in a research note on Friday, September 15th. BidaskClub cut shares of Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, ValuEngine raised shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Fulton Financial Corporation currently has a consensus rating of “Hold” and an average target price of $18.25.

In related news, insider Michael J. Deporter sold 1,500 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $18.00, for a total value of $27,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Fulton Financial Corporation by 17,543.0% in the first quarter. BlackRock Inc. now owns 18,627,957 shares of the bank’s stock valued at $332,509,000 after acquiring an additional 18,522,374 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Fulton Financial Corporation by 2.1% in the second quarter. Vanguard Group Inc. now owns 15,089,443 shares of the bank’s stock valued at $286,699,000 after acquiring an additional 314,230 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Fulton Financial Corporation by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 14,443,398 shares of the bank’s stock valued at $274,426,000 after acquiring an additional 112,692 shares during the last quarter. State Street Corp raised its stake in shares of Fulton Financial Corporation by 10.2% in the first quarter. State Street Corp now owns 8,886,263 shares of the bank’s stock valued at $158,622,000 after acquiring an additional 821,236 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Fulton Financial Corporation by 0.6% in the second quarter. Alliancebernstein L.P. now owns 5,009,090 shares of the bank’s stock valued at $95,173,000 after acquiring an additional 29,669 shares during the last quarter. Institutional investors own 62.99% of the company’s stock.

Shares of Fulton Financial Corporation (NASDAQ:FULT) opened at 19.25 on Wednesday. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 19.44 and a beta of 1.17. The company has a 50 day moving average of $17.93 and a 200-day moving average of $18.11. Fulton Financial Corporation has a one year low of $14.04 and a one year high of $19.90.

Fulton Financial Corporation (NASDAQ:FULT) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $0.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $193.93 million during the quarter, compared to the consensus estimate 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 firm earned $0.23 EPS. On average, analysts expect that Fulton Financial Corporation will post $1.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, September 29th. Fulton Financial Corporation’s payout ratio is 44.44%.

TRADEMARK VIOLATION WARNING: “Fulton Financial Corporation (FULT) Shares Bought by Balyasny Asset Management LLC” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/11/fulton-financial-corporation-fult-shares-bought-by-balyasny-asset-management-llc.html.

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.50 target price on shares of Fulton Financial Corporation in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, September 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 target price on shares of Fulton Financial Corporation in a research note on Friday, September 15th. BidaskClub cut shares of Fulton Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, ValuEngine raised shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Fulton Financial Corporation currently has a consensus rating of “Hold” and an average target price of $18.25.

In related news, insider Michael J. Deporter sold 1,500 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $18.00, for a total value of $27,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Scott Smith, Jr. sold 5,539 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $18.35, for a total transaction of $101,640.65. The disclosure for this sale can be found here. In the last three months, insiders sold 26,348 shares of company stock valued at $484,312. 0.68% of the stock is owned by insiders.

Fulton Financial Corporation 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).

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

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