Sei Investments Co. raised its holdings in shares of Fulton Financial Corporation (NASDAQ:FULT) by 3.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,378 shares of the bank’s stock after purchasing an additional 377 shares during the period. Sei Investments Co.’s holdings in Fulton Financial Corporation were worth $198,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Fulton Financial Corporation by 64.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,202 shares of the bank’s stock valued at $129,000 after purchasing an additional 2,824 shares in the last quarter. River Wealth Advisors LLC bought a new position in shares of Fulton Financial Corporation during the first quarter valued at approximately $182,000. Capital Fund Management S.A. bought a new position in shares of Fulton Financial Corporation during the first quarter valued at approximately $184,000. Jane Street Group LLC bought a new position in shares of Fulton Financial Corporation during the first quarter valued at approximately $184,000. Finally, Invictus RG bought a new position in shares of Fulton Financial Corporation during the first quarter valued at approximately $186,000. 62.99% of the stock is owned by institutional investors and hedge funds.
In related news, insider Craig A. Roda sold 19,309 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $18.42, for a total transaction of $355,671.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Deporter sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $18.00, for a total transaction of $27,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,348 shares of company stock valued at $484,312. 0.68% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION WARNING: “Sei Investments Co. Has $198,000 Holdings in Fulton Financial Corporation (FULT)” was first posted by Markets Daily and is the property of of Markets Daily. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.themarketsdaily.com/2017/09/11/sei-investments-co-has-198000-holdings-in-fulton-financial-corporation-fult.html.
Shares of Fulton Financial Corporation (NASDAQ:FULT) opened at 16.80 on Monday. The stock’s 50 day moving average is $17.62 and its 200-day moving average is $18.19. Fulton Financial Corporation has a 12-month low of $14.04 and a 12-month high of $19.90. The stock has a market cap of $2.94 billion, a PE ratio of 16.97 and a beta of 1.16.
Fulton Financial Corporation (NASDAQ:FULT) last posted its quarterly earnings data on Tuesday, July 18th. The bank reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $193.93 million during the quarter, compared to analyst estimates of $194.02 million. Fulton Financial Corporation had a net margin of 20.86% and a return on equity of 8.02%. During the same quarter in the previous year, the business posted $0.23 EPS. Equities analysts expect that Fulton Financial Corporation will post $1.06 EPS for the current year.
FULT has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Fulton Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 target price on shares of Fulton Financial Corporation in a research note on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 target price on shares of Fulton Financial Corporation in a research note on Friday, June 23rd. ValuEngine upgraded shares of Fulton Financial Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Finally, Stephens started coverage on shares of Fulton Financial Corporation in a report on Thursday, July 13th. They set an “equal weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $18.33.
Fulton Financial Corporation Company 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).
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.