Chicago Equity Partners LLC acquired a new position in Fifth Third Bancorp (NASDAQ:FITB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,240 shares of the financial services provider’s stock, valued at approximately $231,000.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Fifth Third Bancorp by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 57,881,541 shares of the financial services provider’s stock worth $1,502,604,000 after purchasing an additional 639,361 shares in the last quarter. Sanders Capital LLC boosted its position in shares of Fifth Third Bancorp by 1.7% in the 3rd quarter. Sanders Capital LLC now owns 13,152,538 shares of the financial services provider’s stock worth $390,680,000 after purchasing an additional 224,800 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Fifth Third Bancorp by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,368,466 shares of the financial services provider’s stock worth $269,182,000 after purchasing an additional 431,863 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Fifth Third Bancorp by 7,461.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,612,026 shares of the financial services provider’s stock worth $197,608,000 after purchasing an additional 7,511,357 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Fifth Third Bancorp by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 3,870,613 shares of the financial services provider’s stock worth $100,481,000 after purchasing an additional 29,378 shares in the last quarter. 81.45% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Timothy Spence sold 15,000 shares of Fifth Third Bancorp stock in a transaction dated 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 directly owns 154,577 shares in the company, valued at approximately $4,461,092.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.38% of the company’s stock.

A number of research firms have recently weighed in on FITB. Zacks Investment Research cut Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Fifth Third Bancorp in a research report on Tuesday, October 24th. Royal Bank Of Canada raised their price objective on Fifth Third Bancorp from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Bank of America Corporation raised their target price on Fifth Third Bancorp from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, Nomura raised their target price on Fifth Third Bancorp from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.23.

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Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at $28.45 on Friday. Fifth Third Bancorp has a 12-month low of $23.20 and a 12-month high of $29.39. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $20,073.78, a PE ratio of 15.81, a PEG ratio of 2.36 and a beta of 1.34.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the firm earned $0.65 EPS. analysts predict that Fifth Third Bancorp will post 1.79 earnings per share for the current fiscal year.

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.

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

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