Capital Fund Management S.A. decreased its position in Fifth Third Bancorp (NASDAQ:FITB) by 43.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,597 shares of the financial services provider’s stock after selling 96,100 shares during the quarter. Capital Fund Management S.A.’s holdings in Fifth Third Bancorp were worth $3,780,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Horan Capital Advisors LLC. acquired a new stake in shares of Fifth Third Bancorp in the third quarter valued at $102,000. Valeo Financial Advisors LLC acquired a new stake in shares of Fifth Third Bancorp in the third quarter valued at $119,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Fifth Third Bancorp in the fourth quarter valued at $148,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Fifth Third Bancorp in the fourth quarter valued at $162,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Fifth Third Bancorp by 268.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,456 shares of the financial services provider’s stock valued at $196,000 after buying an additional 4,706 shares during the period. Institutional investors and hedge funds own 84.41% of the company’s stock.
Several analysts have recently weighed in on the company. BidaskClub upgraded Fifth Third Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Vining Sparks restated a “buy” rating and issued a $35.00 price objective on shares of Fifth Third Bancorp in a report on Sunday, January 28th. Morgan Stanley boosted their target price on Fifth Third Bancorp from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $35.00 target price on shares of Fifth Third Bancorp in a research report on Wednesday, January 24th. Finally, Bank of America boosted their target price on Fifth Third Bancorp from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.70.
Fifth Third Bancorp (FITB) opened at $33.13 on Monday. The firm has a market capitalization of $23,380.00, a price-to-earnings ratio of 11.62, a P/E/G ratio of 1.83 and a beta of 1.36. Fifth Third Bancorp has a 52-week low of $23.20 and a 52-week high of $33.91. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.99.
Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.58 billion. Fifth Third Bancorp had a return on equity of 9.65% and a net margin of 27.08%. During the same period in the previous year, the firm earned $0.49 earnings per share. equities analysts predict that Fifth Third Bancorp will post 2.3 EPS for the current fiscal year.
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.
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