Fort Washington Investment Advisors Inc. OH increased its position in Fifth Third Bancorp (NASDAQ:FITB) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 705,503 shares of the financial services provider’s stock after buying an additional 367 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.10% of Fifth Third Bancorp worth $18,315,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FITB. BlackRock Inc. raised its position in shares of Fifth Third Bancorp by 3,239.3% in the first quarter. BlackRock Inc. now owns 48,949,216 shares of the financial services provider’s stock valued at $1,243,309,000 after buying an additional 47,483,352 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Fifth Third Bancorp by 622.7% in the first quarter. Janus Capital Management LLC now owns 6,555,529 shares of the financial services provider’s stock valued at $166,511,000 after buying an additional 5,648,401 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Fifth Third Bancorp by 87.1% in the first quarter. AQR Capital Management LLC now owns 9,305,491 shares of the financial services provider’s stock valued at $236,360,000 after buying an additional 4,332,945 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Fifth Third Bancorp by 2.9% in the first quarter. Vanguard Group Inc. now owns 57,242,180 shares of the financial services provider’s stock valued at $1,453,952,000 after buying an additional 1,608,632 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Fifth Third Bancorp by 1,130.7% in the second quarter. Canada Pension Plan Investment Board now owns 1,459,713 shares of the financial services provider’s stock valued at $37,894,000 after buying an additional 1,341,100 shares during the last quarter. 79.60% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Robert W. Baird raised shares of Fifth Third Bancorp from an “underperform” rating to a “neutral” rating and set a $24.00 price objective for the company in a research report on Monday, June 5th. BidaskClub lowered shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Jefferies Group LLC reissued a “hold” rating and issued a $28.00 price objective on shares of Fifth Third Bancorp in a research report on Friday, July 14th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Fifth Third Bancorp in a research report on Saturday, July 22nd. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and three have issued a buy rating to the stock. Fifth Third Bancorp currently has a consensus rating of “Hold” and an average target price of $26.54.

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In other news, EVP Frank R. Forrest sold 7,004 shares of Fifth Third Bancorp stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $26.21, for a total value of $183,574.84. Following the transaction, the executive vice president now owns 71,793 shares of the company’s stock, valued at $1,881,694.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.

Shares of Fifth Third Bancorp (NASDAQ FITB) traded up 0.668% on Wednesday, hitting $26.355. 1,135,007 shares of the stock traded hands. The stock has a 50-day moving average price of $26.45 and a 200 day moving average price of $25.64. Fifth Third Bancorp has a 12-month low of $19.57 and a 12-month high of $28.97. The stock has a market cap of $19.42 billion, a price-to-earnings ratio of 13.358 and a beta of 1.36.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Friday, July 21st. The financial services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. Fifth Third Bancorp had a net margin of 21.83% and a return on equity of 10.44%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that Fifth Third Bancorp will post $1.82 earnings per share for the current fiscal year.

Fifth Third Bancorp declared that its board has approved a share buyback plan on Wednesday, June 28th that permits the company to repurchase $1.16 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 67% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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.

Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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