Nisa Investment Advisors LLC decreased its position in shares of Fifth Third Bancorp (NASDAQ:FITB) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 437,834 shares of the financial services provider’s stock after selling 8,952 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Fifth Third Bancorp worth $13,284,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Scotia Capital Inc. lifted its stake in shares of Fifth Third Bancorp by 1.2% during the second quarter. Scotia Capital Inc. now owns 78,139 shares of the financial services provider’s stock valued at $2,028,000 after buying an additional 900 shares during the period. Veritable L.P. raised its stake in Fifth Third Bancorp by 5.5% during the second quarter. Veritable L.P. now owns 20,021 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 1,042 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in Fifth Third Bancorp by 0.3% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 346,050 shares of the financial services provider’s stock worth $8,983,000 after purchasing an additional 1,100 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in Fifth Third Bancorp by 1.6% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 123,778 shares of the financial services provider’s stock worth $3,463,000 after purchasing an additional 1,900 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Fifth Third Bancorp by 5.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 40,241 shares of the financial services provider’s stock worth $1,126,000 after purchasing an additional 1,910 shares during the period. 83.84% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on FITB shares. Zacks Investment Research raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Monday, September 25th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Fifth Third Bancorp in a research note on Sunday, December 10th. BidaskClub raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Morgan Stanley increased their price target on shares of Fifth Third Bancorp from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Barclays increased their price target on shares of Fifth Third Bancorp from $31.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have issued a buy rating to the company. Fifth Third Bancorp currently has an average rating of “Hold” and an average price target of $29.33.
In other news, EVP Timothy Spence sold 15,000 shares of the stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by corporate insiders.
Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at $32.35 on Friday. Fifth Third Bancorp has a 52-week low of $23.20 and a 52-week high of $32.36. The stock has a market cap of $22,825.54, a price-to-earnings ratio of 17.97, a PEG ratio of 2.21 and a beta of 1.35. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.93.
Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. research analysts forecast that Fifth Third Bancorp will post 1.78 EPS for the current fiscal year.
The firm also recently disclosed 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 1.98%. The ex-dividend date of this dividend is Thursday, December 28th. Fifth Third Bancorp’s payout ratio is currently 23.97%.
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Fifth Third Bancorp Company 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.
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