State Street Corp Boosts Holdings in Fulton Financial Corporation (FULT)

State Street Corp grew its holdings in Fulton Financial Corporation (NASDAQ:FULT) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,239,829 shares of the bank’s stock after acquiring an additional 353,566 shares during the period. State Street Corp owned about 5.28% of Fulton Financial Corporation worth $175,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Fulton Financial Corporation by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 3,861,134 shares of the bank’s stock worth $73,363,000 after acquiring an additional 95,105 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Fulton Financial Corporation by 54.4% in the second quarter. Russell Investments Group Ltd. now owns 324,346 shares of the bank’s stock worth $6,162,000 after acquiring an additional 114,256 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Fulton Financial Corporation in the first quarter worth $184,000. Chicago Equity Partners LLC grew its stake in shares of Fulton Financial Corporation by 24.6% in the second quarter. Chicago Equity Partners LLC now owns 500,662 shares of the bank’s stock worth $9,513,000 after acquiring an additional 98,852 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Fulton Financial Corporation in the second quarter worth $393,000. Institutional investors and hedge funds own 62.98% of the company’s stock.

Shares of Fulton Financial Corporation (FULT) opened at 18.45 on Thursday. Fulton Financial Corporation has a 52-week low of $14.45 and a 52-week high of $19.90. The stock has a market capitalization of $3.23 billion, a PE ratio of 18.64 and a beta of 1.17. The stock’s 50 day moving average is $18.19 and its 200 day moving average is $18.16.

Fulton Financial Corporation (NASDAQ:FULT) last released its quarterly earnings results on Tuesday, October 17th. The bank reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $194.19 million during the quarter, compared to analyst estimates of $200.00 million. Fulton Financial Corporation had a net margin of 21.15% and a return on equity of 8.34%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. Equities research analysts expect that Fulton Financial Corporation will post $1.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, October 2nd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Friday, September 29th. Fulton Financial Corporation’s payout ratio is 42.72%.

WARNING: “State Street Corp Boosts Holdings in Fulton Financial Corporation (FULT)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/19/state-street-corp-boosts-holdings-in-fulton-financial-corporation-fult.html.

Several equities analysts have commented on the stock. Boenning Scattergood restated a “hold” rating on shares of Fulton Financial Corporation in a research note on Wednesday, July 19th. ValuEngine upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $17.00 price target on shares of Fulton Financial Corporation in a research note on Thursday. Finally, Stephens assumed coverage on shares of Fulton Financial Corporation in a research note on Thursday, July 13th. They issued an “equal weight” rating for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Fulton Financial Corporation has a consensus rating of “Hold” and a consensus price target of $18.17.

In related news, insider Craig A. Roda sold 19,309 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total transaction of $355,671.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Scott Smith, Jr. sold 5,539 shares of the firm’s stock in a transaction 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. Over the last ninety days, insiders have sold 26,348 shares of company stock valued at $484,312. Company insiders own 0.68% of the company’

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Fulton Financial Corporation by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 3,861,134 shares of the bank’s stock worth $73,363,000 after acquiring an additional 95,105 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Fulton Financial Corporation by 54.4% in the second quarter. Russell Investments Group Ltd. now owns 324,346 shares of the bank’s stock worth $6,162,000 after acquiring an additional 114,256 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Fulton Financial Corporation in the first quarter worth $184,000. Chicago Equity Partners LLC grew its stake in shares of Fulton Financial Corporation by 24.6% in the second quarter. Chicago Equity Partners LLC now owns 500,662 shares of the bank’s stock worth $9,513,000 after acquiring an additional 98,852 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Fulton Financial Corporation in the second quarter worth $393,000. Institutional investors and hedge funds own 62.98% of the company’s stock.

Shares of Fulton Financial Corporation (FULT) opened at 18.45 on Thursday. Fulton Financial Corporation has a 52-week low of $14.45 and a 52-week high of $19.90. The stock has a market capitalization of $3.23 billion, a PE ratio of 18.64 and a beta of 1.17. The stock’s 50 day moving average is $18.19 and its 200 day moving average is $18.16.

Fulton Financial Corporation (NASDAQ:FULT) last released its quarterly earnings results on Tuesday, October 17th. The bank reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $194.19 million during the quarter, compared to analyst estimates of $200.00 million. Fulton Financial Corporation had a net margin of 21.15% and a return on equity of 8.34%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. Equities research analysts expect that Fulton Financial Corporation will post $1.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, October 2nd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Friday, September 29th. Fulton Financial Corporation’s payout ratio is 42.72%.

WARNING: “State Street Corp Boosts Holdings in Fulton Financial Corporation (FULT)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/19/state-street-corp-boosts-holdings-in-fulton-financial-corporation-fult.html.

Several equities analysts have commented on the stock. Boenning Scattergood restated a “hold” rating on shares of Fulton Financial Corporation in a research note on Wednesday, July 19th. ValuEngine upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $17.00 price target on shares of Fulton Financial Corporation in a research note on Thursday. Finally, Stephens assumed coverage on shares of Fulton Financial Corporation in a research note on Thursday, July 13th. They issued an “equal weight” rating for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Fulton Financial Corporation has a consensus rating of “Hold” and a consensus price target of $18.17.

In related news, insider Craig A. Roda sold 19,309 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total transaction of $355,671.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Scott Smith, Jr. sold 5,539 shares of the firm’s stock in a transaction 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. Over the last ninety days, insiders have sold 26,348 shares of company stock valued at $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).

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

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