Stifel Financial Corp reduced its position in Fifth Third Bancorp (NASDAQ:FITB) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,101,438 shares of the financial services provider’s stock after selling 91,785 shares during the period. Stifel Financial Corp owned approximately 0.16% of Fifth Third Bancorp worth $30,826,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Fifth Third Bancorp by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 57,881,541 shares of the financial services provider’s stock valued at $1,502,604,000 after acquiring an additional 639,361 shares in the last quarter. Sanders Capital LLC increased its position in shares of Fifth Third Bancorp by 1.7% during the 3rd quarter. Sanders Capital LLC now owns 13,152,538 shares of the financial services provider’s stock valued at $390,680,000 after purchasing an additional 224,800 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Fifth Third Bancorp by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,368,466 shares of the financial services provider’s stock valued at $269,182,000 after purchasing an additional 431,863 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Fifth Third Bancorp by 7,461.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,612,026 shares of the financial services provider’s stock valued at $197,608,000 after purchasing an additional 7,511,357 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Fifth Third Bancorp by 3.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,083,708 shares of the financial services provider’s stock valued at $114,232,000 after purchasing an additional 118,177 shares during the last quarter. Institutional investors own 83.97% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Macquarie lowered Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $28.47 to $26.00 in a research report on Friday, November 17th. Zacks Investment Research lowered Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Nomura raised their target price on Fifth Third Bancorp from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Bank of America raised their target price on Fifth Third Bancorp from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, Royal Bank Of Canada raised their target price on Fifth Third Bancorp from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.23.

Fifth Third Bancorp (NASDAQ:FITB) opened at $31.36 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $21,654.29, a PE ratio of 17.05, a price-to-earnings-growth ratio of 2.55 and a beta of 1.35. Fifth Third Bancorp has a twelve month low of $23.20 and a twelve month high of $31.83.

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

In other Fifth Third Bancorp 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 transaction of $432,900.00. Following the completion of the transaction, the executive vice president now owns 154,577 shares of the company’s stock, valued at approximately $4,461,092.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is owned by insiders.

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About Fifth Third Bancorp

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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