Acropolis Investment Management LLC Has $1.15 Million Stake in Fifth Third Bancorp (FITB)

Acropolis Investment Management LLC grew its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB) by 520.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,032 shares of the financial services provider’s stock after buying an additional 31,904 shares during the quarter. Acropolis Investment Management LLC’s holdings in Fifth Third Bancorp were worth $1,154,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FITB. Janus Henderson Group PLC grew its holdings in shares of Fifth Third Bancorp by 7,461.4% during the second quarter. Janus Henderson Group PLC now owns 7,612,026 shares of the financial services provider’s stock valued at $197,608,000 after buying an additional 7,511,357 shares during the last quarter. Balyasny Asset Management LLC lifted its position in shares of Fifth Third Bancorp by 265.3% during the second quarter. Balyasny Asset Management LLC now owns 3,821,186 shares of the financial services provider’s stock valued at $99,198,000 after purchasing an additional 2,775,259 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Fifth Third Bancorp by 97.5% during the second quarter. Parametric Portfolio Associates LLC now owns 3,382,624 shares of the financial services provider’s stock valued at $87,813,000 after purchasing an additional 1,670,055 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Fifth Third Bancorp by 1.1% during the second quarter. Vanguard Group Inc. now owns 57,881,541 shares of the financial services provider’s stock valued at $1,502,604,000 after purchasing an additional 639,361 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Fifth Third Bancorp by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 10,368,466 shares of the financial services provider’s stock valued at $269,182,000 after purchasing an additional 431,863 shares in the last quarter. Hedge funds and other institutional investors own 83.84% of the company’s stock.

In other news, EVP Timothy Spence sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $28.86, for a total value of $432,900.00. Following the sale, the executive vice president now owns 154,577 shares of the company’s stock, valued at $4,461,092.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

Fifth Third Bancorp (FITB) traded up $0.28 during midday trading on Thursday, hitting $31.86. 4,566,188 shares of the stock traded hands, compared to its average volume of 5,782,349. Fifth Third Bancorp has a one year low of $23.20 and a one year high of $31.92. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $22,340.00, a price-to-earnings ratio of 12.02, a P/E/G ratio of 2.20 and a beta of 1.35.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Fifth Third Bancorp had a net margin of 25.81% and a return on equity of 9.58%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. equities research analysts expect that Fifth Third Bancorp will post 1.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, December 28th. Fifth Third Bancorp’s dividend payout ratio (DPR) is currently 24.15%.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Robert W. Baird lowered shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and set a $24.00 price target on the stock. in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, October 11th. BMO Capital Markets reissued a “hold” rating and set a $32.00 price target on shares of Fifth Third Bancorp in a research report on Friday, December 8th. Finally, Oppenheimer reissued a “hold” rating on shares of Fifth Third Bancorp in a research report on Thursday, December 7th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.33.

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Fifth Third Bancorp Profile

Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States.

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

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