Fifth Third Bancorp (FITB) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its stake in shares of Fifth Third Bancorp (NASDAQ:FITB) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,468,983 shares of the financial services provider’s stock after selling 46,207 shares during the period. Fifth Third Bancorp owned about 0.22% of Fifth Third Bancorp worth $41,014,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Fifth Third Bancorp by 5.9% in the second quarter. BlackRock Inc. now owns 48,455,130 shares of the financial services provider’s stock worth $1,390,661,000 after acquiring an additional 2,718,504 shares during the last quarter. Boston Partners lifted its holdings in Fifth Third Bancorp by 1.0% in the second quarter. Boston Partners now owns 12,408,147 shares of the financial services provider’s stock worth $356,114,000 after acquiring an additional 117,763 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Fifth Third Bancorp by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 8,613,248 shares of the financial services provider’s stock worth $240,479,000 after acquiring an additional 212,416 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Fifth Third Bancorp by 30.9% in the third quarter. Schroder Investment Management Group now owns 5,454,270 shares of the financial services provider’s stock worth $152,283,000 after acquiring an additional 1,287,708 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Fifth Third Bancorp by 5.1% in the third quarter. Janus Henderson Group PLC now owns 5,124,801 shares of the financial services provider’s stock worth $143,084,000 after acquiring an additional 249,267 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ FITB opened at $25.59 on Friday. Fifth Third Bancorp has a 12 month low of $24.10 and a 12 month high of $34.67. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. The company has a market cap of $17.02 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.46 and a beta of 1.17.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. Fifth Third Bancorp had a net margin of 28.89% and a return on equity of 11.74%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $1.35 earnings per share. Sell-side analysts predict that Fifth Third Bancorp will post 2.49 EPS for the current fiscal year.

FITB has been the topic of several analyst reports. BidaskClub upgraded shares of Fifth Third Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, October 5th. Raymond James upgraded shares of Fifth Third Bancorp from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Wednesday, October 31st. They noted that the move was a valuation call. Piper Jaffray Companies set a $31.00 price target on shares of Fifth Third Bancorp and gave the company a “hold” rating in a research note on Monday, October 29th. Nomura upgraded shares of Fifth Third Bancorp from a “reduce” rating to a “neutral” rating and dropped their price target for the company from $32.00 to $29.00 in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Finally, Wedbush upgraded shares of Fifth Third Bancorp from a “neutral” rating to an “outperform” rating and raised their price target for the company from $31.00 to $34.00 in a research note on Tuesday, September 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $32.73.

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Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

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Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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