Savant Capital LLC Has $315,000 Position in Fulton Financial Co. (NASDAQ:FULT)

Savant Capital LLC lessened its holdings in Fulton Financial Co. (NASDAQ:FULT) by 11.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,157 shares of the bank’s stock after selling 2,576 shares during the period. Savant Capital LLC’s holdings in Fulton Financial were worth $315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Fulton Financial by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,961,441 shares of the bank’s stock valued at $23,753,000 after buying an additional 117,935 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Fulton Financial by 0.4% in the 3rd quarter. Northern Trust Corp now owns 1,879,238 shares of the bank’s stock worth $22,758,000 after purchasing an additional 8,292 shares during the last quarter. American Century Companies Inc. increased its position in shares of Fulton Financial by 16.0% during the 3rd quarter. American Century Companies Inc. now owns 1,682,119 shares of the bank’s stock worth $20,370,000 after purchasing an additional 232,462 shares in the last quarter. New York State Common Retirement Fund boosted its position in Fulton Financial by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 481,189 shares of the bank’s stock valued at $7,920,000 after buying an additional 6,484 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Fulton Financial by 0.6% during the third quarter. Nordea Investment Management AB now owns 449,821 shares of the bank’s stock worth $5,470,000 after buying an additional 2,791 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.

Fulton Financial Price Performance

Shares of FULT stock opened at $16.99 on Tuesday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 10.55 and a beta of 0.77. Fulton Financial Co. has a 12 month low of $9.64 and a 12 month high of $17.34. 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 stock has a 50-day moving average price of $15.49 and a 200 day moving average price of $15.24.

Fulton Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, March 28th. Fulton Financial’s dividend payout ratio (DPR) is 42.24%.

Analyst Ratings Changes

A number of research firms recently commented on FULT. DA Davidson increased their price target on Fulton Financial from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. StockNews.com lowered Fulton Financial from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Janney Montgomery Scott raised Fulton Financial from a “neutral” rating to a “buy” rating and set a $19.50 price target for the company in a report on Monday, April 29th. Stephens lowered their price objective on shares of Fulton Financial from $16.00 to $15.50 and set an “equal weight” rating for the company in a research report on Thursday, April 18th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Fulton Financial from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.60.

About Fulton Financial

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.