Fulton Financial Corp. (FULT) Position Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in Fulton Financial Corp. (NASDAQ:FULT) by 12.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 661,361 shares of the company’s stock after buying an additional 72,139 shares during the period. Principal Financial Group Inc. owned about 0.38% of Fulton Financial Corp. worth $8,929,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wagner Bowman Management Corp boosted its position in shares of Fulton Financial Corp. by 0.6% in the second quarter. Wagner Bowman Management Corp now owns 11,878 shares of the company’s stock valued at $160,000 after buying an additional 74 shares in the last quarter. State Treasurer State of Michigan boosted its position in shares of Fulton Financial Corp. by 0.4% in the second quarter. State Treasurer State of Michigan now owns 69,600 shares of the company’s stock valued at $940,000 after buying an additional 300 shares in the last quarter. Eagle Boston Investment Management Inc. boosted its position in shares of Fulton Financial Corp. by 1.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 69,233 shares of the company’s stock valued at $934,000 after buying an additional 775 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Fulton Financial Corp. by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 58,858 shares of the company’s stock valued at $795,000 after buying an additional 1,408 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of Fulton Financial Corp. by 0.3% in the second quarter. M&T Bank Corp now owns 463,152 shares of the company’s stock valued at $6,253,000 after buying an additional 1,612 shares in the last quarter. Institutional investors own 59.15% of the company’s stock.

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

Fulton Financial Corp. (NASDAQ:FULT) opened at 14.20 on Tuesday. The firm has a 50-day moving average of $14.43 and a 200 day moving average of $13.90. Fulton Financial Corp. has a 1-year low of $11.48 and a 1-year high of $14.86. The firm has a market cap of $2.46 billion, a P/E ratio of 16.36 and a beta of 1.19.

The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a $0.10 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.82%. Fulton Financial Corp.’s dividend payout ratio (DPR) is presently 45.98%.

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Fulton Financial Corp. in a report on Wednesday, October 12th. Zacks Investment Research raised Fulton Financial Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday, September 20th. Hovde Group started coverage on Fulton Financial Corp. in a research report on Monday, September 12th. They set an “outperform” rating and a $16.00 price objective on the stock. Finally, FBR & Co reaffirmed a “hold” rating on shares of Fulton Financial Corp. in a research report on Wednesday, July 20th. One investment analyst has 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. The stock has an average rating of “Hold” and a consensus price target of $14.25.

In related news, Director James R. Moxley III purchased 9,896 shares of the firm’s stock in a transaction on Wednesday, July 27th. The shares were bought at an average price of $13.71 per share, for a total transaction of $135,674.16. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Curtis J. Myers sold 15,580 shares of Fulton Financial Corp. stock in a transaction on Monday, August 29th. The shares were sold at an average price of $14.34, for a total transaction of $223,417.20. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

About Fulton Financial Corp.

Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A.

5 Day Chart for NASDAQ:FULT

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