3 days Ago By ABMN Staff
Zions Bancorporation N.A. trimmed its position in Fifth Third Bancorp ( NASDAQ:FITB – Free Report ) by 31.
0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 961 shares of the financial services provider’s stock after selling 431 shares during the quarter. Zions Bancorporation N.
A.’s holdings in Fifth Third Bancorp were worth $35,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors and hedge funds have also made changes to their positions in the company.
Vanguard Group Inc. lifted its holdings in Fifth Third Bancorp by 0.8% in the fourth quarter.
Vanguard Group Inc. now owns 87,343,335 shares of the financial services provider’s stock worth $3,012,472,000 after acquiring an additional 734,403 shares during the last quarter. Capital World Investors lifted its holdings in shares of Fifth Third Bancorp by 13.
4% in the 1st quarter. Capital World Investors now owns 46,596,261 shares of the financial services provider’s stock worth $1,733,847,000 after purchasing an additional 5,512,333 shares during the last quarter. Norges Bank acquired a new position in Fifth Third Bancorp during the 4th quarter valued at approximately $257,189,000.
LSV Asset Management grew its stake in Fifth Third Bancorp by 2.3% during the 1st quarter. LSV Asset Management now owns 4,434,700 shares of the financial services provider’s stock worth $165,015,000 after buying an additional 99,593 shares during the last quarter.
Finally, KBC Group NV increased its position in Fifth Third Bancorp by 341.8% in the fourth quarter. KBC Group NV now owns 1,928,706 shares of the financial services provider’s stock worth $66,521,000 after buying an additional 1,492,124 shares during the period.
83.79% of the stock is owned by institutional investors and hedge funds. Fifth Third Bancorp Price Performance Shares of Fifth Third Bancorp stock opened at $42.
07 on Monday. Fifth Third Bancorp has a 52 week low of $22.49 and a 52 week high of $42.
91. The company has a current ratio of 0.81, a quick ratio of 0.
81 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average price is $40.
60 and its two-hundred day moving average price is $37.90. The stock has a market cap of $28.
78 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.
22. Fifth Third Bancorp Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.
37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.
52%. This is a boost from Fifth Third Bancorp’s previous quarterly dividend of $0.35.
The ex-dividend date of this dividend is Monday, September 30th. Fifth Third Bancorp’s payout ratio is presently 46.98%.
Insider Transactions at Fifth Third Bancorp In related news, EVP Jude Schramm sold 2,500 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $40.00, for a total value of $100,000.
00. Following the completion of the transaction, the executive vice president now owns 134,422 shares in the company, valued at approximately $5,376,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .
In other news, Director Mitchell Stuart Feiger sold 12,000 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $41.21, for a total value of $494,520.
00. Following the completion of the sale, the director now owns 20,961 shares of the company’s stock, valued at $863,802.81.
The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, EVP Jude Schramm sold 2,500 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $40.
00, for a total value of $100,000.00. Following the transaction, the executive vice president now directly owns 134,422 shares in the company, valued at $5,376,880.
The disclosure for this sale can be found here . Insiders have sold 54,500 shares of company stock valued at $2,269,920 over the last three months. Company insiders own 0.
50% of the company’s stock. Wall Street Analysts Forecast Growth Several brokerages have recently issued reports on FITB. Stephens reissued an “equal weight” rating and set a $41.
00 price target on shares of Fifth Third Bancorp in a report on Tuesday, June 11th. StockNews.com upgraded shares of Fifth Third Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th.
Royal Bank of Canada lifted their price target on Fifth Third Bancorp from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Monday, July 22nd.
Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $40.00 price objective on shares of Fifth Third Bancorp in a report on Tuesday, June 11th. Finally, Evercore ISI cut their target price on Fifth Third Bancorp from $42.
00 to $41.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company.
According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.56.
View Our Latest Research Report on Fifth Third Bancorp Fifth Third Bancorp Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding FITB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Fifth Third Bancorp ( NASDAQ:FITB – Free Report ). Receive News & Ratings for Fifth Third Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fifth Third Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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