Northwestern Mutual Investment Management Company LLC held its stake in shares of Fulton Financial Corp. (NASDAQ:FULT) during the second quarter, Holdings Channel reports. The firm owned 29,954 shares of the company’s stock at the end of the second quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Fulton Financial Corp. were worth $404,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Fulton Financial Corp. by 77.3% in the second quarter. Victory Capital Management Inc. now owns 7,989 shares of the company’s stock valued at $108,000 after buying an additional 3,484 shares in the last quarter. Sei Investments Co. boosted its stake in Fulton Financial Corp. by 33,879.3% in the second quarter. Sei Investments Co. now owns 9,854 shares of the company’s stock valued at $133,000 after buying an additional 9,825 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Fulton Financial Corp. by 34.0% in the first quarter. Envestnet Asset Management Inc. now owns 10,307 shares of the company’s stock valued at $138,000 after buying an additional 2,615 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Fulton Financial Corp. by 76.7% in the second quarter. LS Investment Advisors LLC now owns 10,458 shares of the company’s stock valued at $141,000 after buying an additional 4,538 shares in the last quarter. Finally, SevenBridge Financial Group LLC bought a new stake in Fulton Financial Corp. during the second quarter valued at approximately $154,000. 59.12% of the stock is owned by institutional investors and hedge funds.

Shares of Fulton Financial Corp. (NASDAQ:FULT) opened at 14.55 on Thursday. Fulton Financial Corp. has a 1-year low of $11.48 and a 1-year high of $14.63. The firm’s 50-day moving average is $14.17 and its 200-day moving average is $13.76. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 16.76 and a beta of 1.28.

Fulton Financial Corp. (NASDAQ:FULT) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Fulton Financial Corp. had a net margin of 19.52% and a return on equity of 7.31%. Analysts forecast that Fulton Financial Corp. will post $0.91 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.75%. Fulton Financial Corp.’s payout ratio is 45.98%.

Several equities research analysts have recently commented on FULT shares. Zacks Investment Research raised shares of Fulton Financial Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, June 21st. FBR & Co reaffirmed a “hold” rating on shares of Fulton Financial Corp. in a research report on Wednesday, July 20th. Finally, Hovde Group initiated coverage on shares of Fulton Financial Corp. in a research report on Monday, September 12th. They issued an “outperform” rating and a $16.00 target price for the company. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Fulton Financial Corp. has a consensus rating of “Hold” and an average price target of $13.89.

In other news, EVP Curtis J. Myers sold 15,580 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $14.34, for a total transaction of $223,417.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James R. Moxley III acquired 9,896 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were purchased at an average cost of $13.71 per share, for a total transaction of $135,674.16. The disclosure for this purchase can be found here. Insiders own 0.75% of the company’s stock.

Fulton Financial Corp. Company Profile

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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