State of Wisconsin Investment Board cut its stake in Fifth Third Bancorp (NASDAQ:FITB) by 51.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 629,002 shares of the financial services provider’s stock after selling 676,427 shares during the period. State of Wisconsin Investment Board owned approximately 0.09% of Fifth Third Bancorp worth $17,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Prudential Financial Inc. lifted its stake in Fifth Third Bancorp by 1.5% during the second quarter. Prudential Financial Inc. now owns 2,234,087 shares of the financial services provider’s stock worth $57,997,000 after purchasing an additional 33,660 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in Fifth Third Bancorp by 14.2% in the second quarter. Cornerstone Advisors Inc. now owns 6,811 shares of the financial services provider’s stock valued at $177,000 after buying an additional 847 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Fifth Third Bancorp by 4.9% in the second quarter. Principal Financial Group Inc. now owns 1,472,742 shares of the financial services provider’s stock valued at $38,232,000 after buying an additional 68,859 shares during the last quarter. Capital Fund Management S.A. increased its holdings in Fifth Third Bancorp by 69.8% in the second quarter. Capital Fund Management S.A. now owns 321,226 shares of the financial services provider’s stock valued at $8,339,000 after buying an additional 132,047 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Fifth Third Bancorp by 58.0% during the second quarter. Amalgamated Bank now owns 84,592 shares of the financial services provider’s stock worth $2,196,000 after purchasing an additional 31,048 shares during the last quarter. Institutional investors own 81.45% of the company’s stock.

In other news, EVP Frank R. Forrest sold 7,004 shares of Fifth Third Bancorp stock in a transaction on Friday, August 18th. The stock was sold at an average price of $26.21, for a total transaction of $183,574.84. Following the sale, the executive vice president now directly owns 71,793 shares in the company, valued at approximately $1,881,694.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Spence sold 15,000 shares of Fifth Third Bancorp stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $28.86, for a total value of $432,900.00. Following the sale, the executive vice president now owns 154,577 shares in the company, valued at $4,461,092.22. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

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A number of equities research analysts recently commented on FITB shares. BidaskClub downgraded shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Nomura lifted their price target on shares of Fifth Third Bancorp from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, September 28th. Robert W. Baird downgraded Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and set a $24.00 price objective for the company. in a research report on Monday, October 2nd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $27.00 target price on shares of Fifth Third Bancorp in a research note on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $28.33.

Fifth Third Bancorp (NASDAQ FITB) opened at $27.67 on Monday. Fifth Third Bancorp has a 52 week low of $23.20 and a 52 week high of $29.39. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $19,523.43, a P/E ratio of 15.37, a PEG ratio of 2.29 and a beta of 1.34.

Fifth Third Bancorp (NASDAQ:FITB) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. Fifth Third Bancorp had a net margin of 25.81% and a return on equity of 9.58%. During the same quarter in the prior year, the firm posted $0.65 EPS. analysts expect that Fifth Third Bancorp will post 1.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a dividend of $0.16 per share. This is an increase from Fifth Third Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.64 annualized dividend and a dividend yield of 2.31%. Fifth Third Bancorp’s dividend payout ratio (DPR) is 23.97%.

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

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