Amundi Raises Holdings in Fulton Financial Co. (NASDAQ:FULT)

Amundi boosted its stake in shares of Fulton Financial Co. (NASDAQ:FULT) by 187.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,029 shares of the bank’s stock after buying an additional 60,005 shares during the period. Amundi’s holdings in Fulton Financial were worth $1,780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FULT. Fisher Asset Management LLC lifted its stake in shares of Fulton Financial by 35.3% during the 4th 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 during the last quarter. State Street Corp lifted its position in shares of Fulton Financial by 4.4% during the third quarter. State Street Corp now owns 10,544,159 shares of the bank’s stock valued at $191,166,000 after buying an additional 444,219 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Fulton Financial by 130.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 557,303 shares of the bank’s stock valued at $10,104,000 after buying an additional 315,435 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Fulton Financial in the 3rd quarter worth approximately $3,489,000. Finally, Barclays PLC raised its stake in shares of Fulton Financial by 79.4% during the 3rd quarter. Barclays PLC now owns 420,636 shares of the bank’s stock worth $7,626,000 after acquiring an additional 186,215 shares in the last quarter. Institutional investors own 72.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Fulton Financial

In related news, President Angela M. Snyder sold 13,322 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.69, for a total value of $275,632.18. Following the completion of the transaction, the president now directly owns 63,682 shares in the company, valued at $1,317,580.58. The trade was a 17.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.07% of the company’s stock.

Fulton Financial Price Performance

Shares of NASDAQ:FULT opened at $18.21 on Tuesday. Fulton Financial Co. has a twelve month low of $13.87 and a twelve month high of $22.49. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.32 billion, a PE ratio of 11.60 and a beta of 0.76. The company’s 50 day moving average is $19.80 and its 200 day moving average is $19.46.

Fulton Financial (NASDAQ:FULT) last issued its earnings results on Tuesday, January 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. Fulton Financial had a net margin of 15.87% and a return on equity of 11.41%. During the same quarter in the previous year, the firm earned $0.42 earnings per share. On average, sell-side analysts forecast that Fulton Financial Co. will post 1.91 EPS for the current year.

Fulton Financial Company Profile

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.