Brandywine Global Investment Management LLC decreased its stake in shares of Fulton Financial Corp (NASDAQ:FULT) by 10.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 503,901 shares of the bank’s stock after selling 61,148 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Fulton Financial were worth $9,020,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. FDx Advisors Inc. bought a new stake in Fulton Financial in the 3rd quarter valued at about $192,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Fulton Financial by 46.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the bank’s stock valued at $202,000 after purchasing an additional 3,585 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Fulton Financial in the 4th quarter valued at about $208,000. Tower Bridge Advisors bought a new stake in Fulton Financial in the 4th quarter valued at about $219,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Fulton Financial by 4.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,644 shares of the bank’s stock valued at $221,000 after purchasing an additional 539 shares during the period. 63.43% of the stock is owned by institutional investors and hedge funds.
Shares of Fulton Financial Corp (FULT) opened at $19.00 on Thursday. Fulton Financial Corp has a twelve month low of $16.45 and a twelve month high of $19.90. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3,330.00, a PE ratio of 17.92 and a beta of 1.02.
FULT has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Fulton Financial from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. BidaskClub downgraded shares of Fulton Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Finally, Zacks Investment Research downgraded shares of Fulton Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Fulton Financial currently has an average rating of “Hold” and an average price target of $18.80.
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Fulton Financial 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).
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