Prudential Financial Inc. boosted its stake in Fulton Financial Corporation (NASDAQ:FULT) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 909,943 shares of the bank’s stock after acquiring an additional 10,730 shares during the quarter. Prudential Financial Inc. owned about 0.52% of Fulton Financial Corporation worth $17,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wagner Bowman Management Corp boosted its holdings in Fulton Financial Corporation by 0.6% in the 2nd quarter. Wagner Bowman Management Corp now owns 12,178 shares of the bank’s stock worth $231,000 after acquiring an additional 74 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Fulton Financial Corporation by 0.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 15,522 shares of the bank’s stock worth $295,000 after acquiring an additional 77 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Fulton Financial Corporation by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,513 shares of the bank’s stock worth $485,000 after acquiring an additional 82 shares during the period. Teacher Retirement System of Texas boosted its holdings in Fulton Financial Corporation by 1.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,976 shares of the bank’s stock worth $266,000 after acquiring an additional 192 shares during the period. Finally, Amalgamated Bank boosted its holdings in Fulton Financial Corporation by 0.8% in the 2nd quarter. Amalgamated Bank now owns 24,388 shares of the bank’s stock worth $463,000 after acquiring an additional 195 shares during the period. Hedge funds and other institutional investors own 62.57% of the company’s stock.

Fulton Financial Corporation (FULT) opened at $18.00 on Friday. Fulton Financial Corporation has a 52-week low of $16.45 and a 52-week high of $19.90. The stock has a market capitalization of $3,152.20, a P/E ratio of 17.48 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.98.

Fulton Financial Corporation (NASDAQ:FULT) last announced its earnings results on Tuesday, October 17th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. Fulton Financial Corporation had a return on equity of 8.28% and a net margin of 21.15%. The company had revenue of $194.19 million for the quarter, compared to analyst estimates of $200.00 million. During the same period in the prior year, the company posted $0.24 EPS. Fulton Financial Corporation’s quarterly revenue was up 8.7% on a year-over-year basis. equities research analysts anticipate that Fulton Financial Corporation will post 1.05 earnings per share for the current year.

FULT has been the subject of a number of analyst reports. Zacks Investment Research upgraded Fulton Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, July 25th. Piper Jaffray Companies restated a “hold” rating and issued a $18.00 price target on shares of Fulton Financial Corporation in a report on Thursday, October 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $17.00 price target on shares of Fulton Financial Corporation in a report on Thursday, October 19th. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price target on shares of Fulton Financial Corporation in a report on Friday, September 15th. Finally, BidaskClub cut Fulton Financial Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.60.

COPYRIGHT VIOLATION NOTICE: “Prudential Financial Inc. Raises Stake in Fulton Financial Corporation (FULT)” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/11/19/prudential-financial-inc-raises-stake-in-fulton-financial-corporation-fult.html.

Fulton Financial Corporation Profile

Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).

Want to see what other hedge funds are holding FULT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fulton Financial Corporation (NASDAQ:FULT).

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

Receive News & Ratings for Fulton Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.