Cerity Partners LLC Has $563,000 Stock Holdings in Fulton Financial Co. (NASDAQ:FULT)

Cerity Partners LLC lifted its position in Fulton Financial Co. (NASDAQ:FULT) by 9.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 33,894 shares of the bank’s stock after purchasing an additional 2,985 shares during the period. Cerity Partners LLC’s holdings in Fulton Financial were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of Fulton Financial by 82.8% in the fourth quarter. Blue Trust Inc. now owns 1,724 shares of the bank’s stock worth $28,000 after buying an additional 781 shares during the last quarter. First Command Advisory Services Inc. bought a new position in Fulton Financial during the third quarter worth $38,000. Blue Bell Private Wealth Management LLC increased its position in Fulton Financial by 81.0% during the third quarter. Blue Bell Private Wealth Management LLC now owns 4,881 shares of the bank’s stock worth $59,000 after acquiring an additional 2,184 shares during the period. Global Retirement Partners LLC bought a new position in Fulton Financial during the fourth quarter worth $109,000. Finally, GW Henssler & Associates Ltd. bought a new position in Fulton Financial during the third quarter worth $124,000. 72.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FULT has been the topic of a number of research reports. Jefferies Financial Group dropped their target price on shares of Fulton Financial from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Stephens dropped their target price on shares of Fulton Financial from $16.00 to $15.50 and set an “equal weight” rating on the stock in a research report on Thursday, April 18th. Keefe, Bruyette & Woods boosted their target price on shares of Fulton Financial from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Thursday, January 18th. Finally, StockNews.com raised shares of Fulton Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.17.

Fulton Financial Trading Up 1.2 %

Shares of Fulton Financial stock opened at $15.52 on Thursday. The firm has a market capitalization of $2.51 billion, a PE ratio of 9.64 and a beta of 0.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90. The company’s fifty day moving average price is $15.31 and its two-hundred day moving average price is $14.99. Fulton Financial Co. has a 52-week low of $9.64 and a 52-week high of $17.06.

Fulton Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Thursday, March 28th. Fulton Financial’s dividend payout ratio (DPR) is presently 42.24%.

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.