Fulton Financial Co. (NASDAQ:FULT) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd increased its holdings in shares of Fulton Financial Co. (NASDAQ:FULT) by 54.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,688 shares of the bank’s stock after purchasing an additional 7,988 shares during the quarter. XTX Topco Ltd’s holdings in Fulton Financial were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FULT. Norges Bank acquired a new stake in shares of Fulton Financial during the fourth quarter valued at about $38,010,000. JPMorgan Chase & Co. raised its position in Fulton Financial by 137.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,322,616 shares of the bank’s stock valued at $25,500,000 after purchasing an additional 765,313 shares during the period. Fisher Asset Management LLC lifted its stake in Fulton Financial by 35.3% during the fourth quarter. Fisher Asset Management LLC now owns 2,582,036 shares of the bank’s stock worth $49,782,000 after purchasing an additional 673,559 shares in the last quarter. Trexquant Investment LP grew its stake in shares of Fulton Financial by 468.8% in the fourth quarter. Trexquant Investment LP now owns 420,930 shares of the bank’s stock valued at $8,116,000 after buying an additional 346,933 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Fulton Financial in the 4th quarter valued at $5,678,000. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 transaction of $275,632.18. Following the transaction, the president now directly owns 63,682 shares in the company, 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 SEC, which is accessible through this link. Corporate insiders own 1.07% of the company’s stock.

Fulton Financial Stock Down 0.9 %

Shares of NASDAQ FULT opened at $15.74 on Tuesday. Fulton Financial Co. has a 1 year low of $14.33 and a 1 year high of $22.49. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 10.03 and a beta of 0.68. 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 business has a 50-day moving average of $17.89 and a two-hundred day moving average of $19.20.

Fulton Financial (NASDAQ:FULT) last announced its quarterly earnings results on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $322.64 million for the quarter, compared to analyst estimates of $315.07 million. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. During the same period in the prior year, the firm posted $0.40 earnings per share. On average, analysts forecast that Fulton Financial Co. will post 1.91 earnings per share for the current fiscal year.

Fulton Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 4.57%. Fulton Financial’s dividend payout ratio (DPR) is presently 42.35%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods dropped their target price on Fulton Financial from $24.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, April 17th. Hovde Group increased their target price on shares of Fulton Financial from $22.00 to $22.50 and gave the stock a “market perform” rating in a report on Monday, January 27th. StockNews.com upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. DA Davidson reiterated a “neutral” rating and issued a $20.00 target price on shares of Fulton Financial in a report on Wednesday, April 16th. Finally, Piper Sandler cut their price target on Fulton Financial from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Fulton Financial has a consensus rating of “Hold” and a consensus price target of $19.79.

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.