Mirae Asset Global Investments Co. Ltd. Purchases 2,223 Shares of Fulton Financial Co. (NASDAQ:FULT)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Fulton Financial Co. (NASDAQ:FULT) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,258 shares of the bank’s stock after purchasing an additional 2,223 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Fulton Financial were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FULT. Blue Trust Inc. boosted its stake in Fulton Financial by 82.8% during the fourth quarter. Blue Trust Inc. now owns 1,724 shares of the bank’s stock worth $28,000 after buying an additional 781 shares in the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of Fulton Financial during the 3rd quarter worth about $38,000. Blue Bell Private Wealth Management LLC lifted its holdings in Fulton Financial by 81.0% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 4,881 shares of the bank’s stock valued at $59,000 after purchasing an additional 2,184 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Fulton Financial in the fourth quarter valued at about $109,000. Finally, GW Henssler & Associates Ltd. bought a new stake in Fulton Financial during the third quarter worth about $124,000. 72.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised Fulton Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Jefferies Financial Group decreased their target price on Fulton Financial from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Stephens decreased their price objective on shares of Fulton Financial from $16.00 to $15.50 and set an “equal weight” rating on the stock in a report on Thursday, April 18th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Fulton Financial from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Thursday, January 18th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, Fulton Financial currently has an average rating of “Hold” and an average price target of $16.17.

Fulton Financial Price Performance

Fulton Financial stock opened at $15.21 on Tuesday. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 9.45 and a beta of 0.81. Fulton Financial Co. has a 12-month low of $9.64 and a 12-month high of $17.06. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. The business’s 50-day simple moving average is $15.29 and its 200 day simple moving average is $14.96.

Fulton Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Thursday, March 28th. Fulton Financial’s dividend payout ratio is 42.24%.

Fulton Financial 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.