Fifth Third Bancorp (NASDAQ:FITB) Shares Sold by New England Capital Financial Advisors LLC

New England Capital Financial Advisors LLC reduced its position in shares of Fifth Third Bancorp (NASDAQ:FITB) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 15,999 shares of the financial services provider’s stock after selling 822 shares during the quarter. Fifth Third Bancorp makes up about 0.3% of New England Capital Financial Advisors LLC’s investment portfolio, making the stock its 26th biggest position. New England Capital Financial Advisors LLC’s holdings in Fifth Third Bancorp were worth $552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Independence Bank of Kentucky grew its stake in Fifth Third Bancorp by 21.1% during the 4th quarter. Independence Bank of Kentucky now owns 2,038 shares of the financial services provider’s stock worth $70,000 after buying an additional 355 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Fifth Third Bancorp by 3.5% in the third quarter. Kingsview Wealth Management LLC now owns 11,391 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 389 shares in the last quarter. Vicus Capital grew its stake in shares of Fifth Third Bancorp by 4.1% in the fourth quarter. Vicus Capital now owns 9,977 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 397 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Fifth Third Bancorp by 24.3% in the third quarter. Private Trust Co. NA now owns 2,083 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 407 shares in the last quarter. Finally, Advisory Resource Group grew its holdings in Fifth Third Bancorp by 0.4% during the fourth quarter. Advisory Resource Group now owns 116,918 shares of the financial services provider’s stock worth $4,033,000 after acquiring an additional 435 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Fifth Third Bancorp Stock Performance

Shares of FITB stock traded up $0.51 during trading on Tuesday, reaching $37.06. The company had a trading volume of 4,292,851 shares, compared to its average volume of 5,493,635. The firm’s 50 day simple moving average is $35.35 and its two-hundred day simple moving average is $32.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81. Fifth Third Bancorp has a one year low of $22.46 and a one year high of $37.41. The company has a market capitalization of $25.25 billion, a PE ratio of 11.77, a PEG ratio of 1.38 and a beta of 1.27.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. Fifth Third Bancorp had a return on equity of 16.11% and a net margin of 17.70%. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the business earned $0.78 EPS. Sell-side analysts forecast that Fifth Third Bancorp will post 3.19 earnings per share for the current year.

Fifth Third Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Wednesday, March 27th. Fifth Third Bancorp’s dividend payout ratio is currently 44.44%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FITB shares. Royal Bank of Canada lifted their target price on Fifth Third Bancorp from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Barclays increased their price target on Fifth Third Bancorp from $34.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. DA Davidson raised their price objective on Fifth Third Bancorp from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Monday. Wells Fargo & Company lifted their price target on Fifth Third Bancorp from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, UBS Group reiterated a “neutral” rating and set a $39.00 price target (down from $42.00) on shares of Fifth Third Bancorp in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.31.

Insiders Place Their Bets

In other Fifth Third Bancorp news, COO James C. Leonard sold 26,500 shares of Fifth Third Bancorp stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $36.66, for a total value of $971,490.00. Following the transaction, the chief operating officer now directly owns 229,344 shares of the company’s stock, valued at approximately $8,407,751.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO James C. Leonard sold 26,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $36.66, for a total transaction of $971,490.00. Following the sale, the chief operating officer now directly owns 229,344 shares in the company, valued at $8,407,751.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kala Gibson sold 14,857 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $36.38, for a total value of $540,497.66. Following the sale, the executive vice president now owns 46,646 shares in the company, valued at $1,696,981.48. The disclosure for this sale can be found here. Insiders have sold a total of 46,357 shares of company stock valued at $1,693,888 in the last three months. Company insiders own 0.50% of the company’s stock.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.