Fifth Third Bancorp Buys Shares of 40,989 Better Home & Finance Holding Company $BETR

Fifth Third Bancorp purchased a new position in Better Home & Finance Holding Company (NASDAQ:BETR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,989 shares of the company’s stock, valued at approximately $1,460,000. Fifth Third Bancorp owned approximately 0.25% of Better Home & Finance at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Better Home & Finance by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 398,903 shares of the company’s stock valued at $22,394,000 after purchasing an additional 6,374 shares during the period. Goldman Sachs Group Inc. increased its stake in Better Home & Finance by 3.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after purchasing an additional 8,924 shares in the last quarter. Geode Capital Management LLC raised its holdings in Better Home & Finance by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 151,187 shares of the company’s stock worth $4,927,000 after buying an additional 11,922 shares during the period. State Street Corp raised its holdings in Better Home & Finance by 14.2% during the 4th quarter. State Street Corp now owns 116,597 shares of the company’s stock worth $3,799,000 after buying an additional 14,540 shares during the period. Finally, Marshall Wace LLP lifted its stake in Better Home & Finance by 151.6% in the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after buying an additional 54,113 shares in the last quarter. Institutional investors and hedge funds own 20.94% of the company’s stock.

Better Home & Finance Stock Performance

NASDAQ BETR opened at $21.80 on Friday. The stock has a market capitalization of $411.37 million, a price-to-earnings ratio of -1.85 and a beta of 1.71. The stock’s 50 day moving average price is $26.13 and its two-hundred day moving average price is $31.17. Better Home & Finance Holding Company has a 52 week low of $12.57 and a 52 week high of $94.06.

Wall Street Analysts Forecast Growth

BETR has been the subject of several research analyst reports. Needham & Company LLC assumed coverage on shares of Better Home & Finance in a report on Monday, May 4th. They issued a “buy” rating and a $53.00 price target for the company. Roth Capital began coverage on shares of Better Home & Finance in a report on Monday, June 15th. They set a “buy” rating and a $35.00 price objective on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $32.00 price objective on shares of Better Home & Finance in a research report on Monday. Wall Street Zen raised shares of Better Home & Finance from a “strong sell” rating to a “sell” rating in a research note on Monday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Better Home & Finance in a report on Friday, July 17th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.33.

Insider Buying and Selling at Better Home & Finance

In other Better Home & Finance news, CEO Vishal Garg bought 15,600 shares of Better Home & Finance stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $390,000.00. Following the completion of the acquisition, the chief executive officer owned 118,260 shares of the company’s stock, valued at $2,956,500. This trade represents a 15.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Harit Talwar purchased 5,000 shares of the stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $25.34 per share, for a total transaction of $126,700.00. Following the completion of the purchase, the director directly owned 44,698 shares in the company, valued at approximately $1,132,647.32. The trade was a 12.60% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 51,433 shares of company stock worth $1,334,148. Company insiders own 27.72% of the company’s stock.

Better Home & Finance Company Profile

Better Home & Finance Holding Co engages in the provision of comprehensive homeownership services. It offers mortgage loans, real estate agent services, and title and homeowner’s insurance services. The company was founded in 2014 and is headquartered in New York, NY.