Fifth Third Bancorp (NASDAQ:FITB) Holdings Lifted by Fifth Third Bancorp

Fifth Third Bancorp grew its position in Fifth Third Bancorp (NASDAQ:FITB) by 0.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,484,354 shares of the financial services provider’s stock after purchasing an additional 11,305 shares during the quarter. Fifth Third Bancorp’s holdings in Fifth Third Bancorp were worth $37,435,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FITB. Deprince Race & Zollo Inc. grew its position in Fifth Third Bancorp by 4.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 692,521 shares of the financial services provider’s stock worth $16,295,000 after acquiring an additional 31,860 shares during the last quarter. M&T Bank Corp lifted its holdings in Fifth Third Bancorp by 0.9% during the 4th quarter. M&T Bank Corp now owns 64,313 shares of the financial services provider’s stock worth $1,513,000 after buying an additional 549 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Fifth Third Bancorp by 2,225.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,765,315 shares of the financial services provider’s stock worth $75,000 after buying an additional 1,689,396 shares in the last quarter. WINTON GROUP Ltd lifted its holdings in Fifth Third Bancorp by 66.9% during the 4th quarter. WINTON GROUP Ltd now owns 353,560 shares of the financial services provider’s stock worth $8,319,000 after buying an additional 141,748 shares in the last quarter. Finally, Hellman Jordan Management Co. Inc. MA lifted its holdings in Fifth Third Bancorp by 10.4% during the 4th quarter. Hellman Jordan Management Co. Inc. MA now owns 31,945 shares of the financial services provider’s stock worth $752,000 after buying an additional 3,000 shares in the last quarter. 81.88% of the stock is owned by institutional investors and hedge funds.

FITB stock opened at $27.21 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $19.91 billion, a PE ratio of 10.71, a P/E/G ratio of 1.35 and a beta of 1.36. Fifth Third Bancorp has a twelve month low of $22.12 and a twelve month high of $31.29.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $1.67 billion. Fifth Third Bancorp had a return on equity of 11.77% and a net margin of 26.80%. During the same quarter in the prior year, the business posted $0.57 EPS. On average, analysts expect that Fifth Third Bancorp will post 2.8 earnings per share for the current fiscal year.

FITB has been the topic of several research reports. Zacks Investment Research raised Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, March 12th. Sandler O’Neill raised Fifth Third Bancorp from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Jefferies Financial Group raised Fifth Third Bancorp from a “hold” rating to a “buy” rating in a report on Monday, April 1st. BidaskClub raised Fifth Third Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. Finally, Barclays upped their price objective on Fifth Third Bancorp from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $31.60.

In other news, CAO Teresa J. Tanner sold 55,600 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $27.47, for a total value of $1,527,332.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jewell D. Hoover sold 3,739 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $26.51, for a total value of $99,120.89. Following the completion of the transaction, the director now directly owns 50,397 shares in the company, valued at approximately $1,336,024.47. The disclosure for this sale can be found here. In the last three months, insiders sold 62,466 shares of company stock worth $1,716,402. 0.40% of the stock is currently owned by company insiders.

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About Fifth Third Bancorp

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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