American Century Companies Inc. Has $51.58 Million Stock Holdings in Fulton Financial Corporation $FULT

American Century Companies Inc. increased its position in shares of Fulton Financial Corporation (NASDAQ:FULT) by 10.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,859,152 shares of the bank’s stock after acquiring an additional 260,016 shares during the period. American Century Companies Inc. owned about 1.57% of Fulton Financial worth $51,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers grew its stake in shares of Fulton Financial by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 534,735 shares of the bank’s stock valued at $9,647,000 after buying an additional 14,026 shares in the last quarter. AXQ Capital LP bought a new position in Fulton Financial during the second quarter valued at approximately $240,000. Franklin Resources Inc. lifted its stake in Fulton Financial by 13.0% in the second quarter. Franklin Resources Inc. now owns 51,769 shares of the bank’s stock valued at $934,000 after acquiring an additional 5,939 shares during the last quarter. Legal & General Group Plc grew its position in Fulton Financial by 0.8% in the second quarter. Legal & General Group Plc now owns 492,204 shares of the bank’s stock worth $8,879,000 after acquiring an additional 3,705 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in Fulton Financial in the second quarter worth approximately $272,000. 72.02% of the stock is owned by institutional investors and hedge funds.

Fulton Financial Stock Down 0.2%

Shares of NASDAQ FULT opened at $18.25 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 9.56 and a beta of 0.88. The firm’s 50-day simple moving average is $17.95 and its 200 day simple moving average is $18.26. Fulton Financial Corporation has a 12-month low of $14.32 and a 12-month high of $22.00.

Fulton Financial (NASDAQ:FULT) last issued its earnings results on Tuesday, November 8th. The bank reported $0.45 earnings per share (EPS) for the quarter. Fulton Financial had a net margin of 19.01% and a return on equity of 12.55%. The company had revenue of $236.96 million for the quarter. On average, research analysts expect that Fulton Financial Corporation will post 1.91 earnings per share for the current fiscal year.

Fulton Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.9%. Fulton Financial’s dividend payout ratio (DPR) is currently 37.70%.

Insider Activity

In related news, Director E Philip Wenger sold 5,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $19.28, for a total transaction of $96,400.00. Following the completion of the sale, the director directly owned 90,477 shares of the company’s stock, valued at approximately $1,744,396.56. This represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Fulton Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Keefe, Bruyette & Woods increased their price objective on Fulton Financial from $20.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday. Raymond James Financial upgraded Fulton Financial from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Tuesday, October 7th. Finally, Zacks Research cut Fulton Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.90.

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.