Creative Planning increased its stake in Fifth Third Bancorp (NASDAQ:FITB) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,715 shares of the financial services provider’s stock after acquiring an additional 1,793 shares during the period. Creative Planning’s holdings in Fifth Third Bancorp were worth $2,692,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Horan Capital Advisors LLC. purchased a new position in Fifth Third Bancorp in the third quarter worth $102,000. Valeo Financial Advisors LLC purchased a new position in Fifth Third Bancorp in the third quarter worth $119,000. Sun Life Financial INC grew its position in Fifth Third Bancorp by 55,050.0% in the second quarter. Sun Life Financial INC now owns 5,515 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 5,505 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in Fifth Third Bancorp in the third quarter worth $202,000. Finally, Regentatlantic Capital LLC purchased a new position in Fifth Third Bancorp in the third quarter worth $205,000. Institutional investors own 84.04% of the company’s stock.

In other news, EVP Timothy Spence sold 15,000 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $28.86, for a total transaction of $432,900.00. Following the completion of the sale, the executive vice president now directly owns 154,577 shares in the company, valued at $4,461,092.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.

Several analysts have issued reports on FITB shares. Zacks Investment Research lowered shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. UBS Group restated a “sell” rating and set a $26.00 price target (up from $25.00) on shares of Fifth Third Bancorp in a research report on Friday, October 6th. Macquarie lowered shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and cut their price target for the company from $28.47 to $26.00 in a research report on Friday, November 17th. Morgan Stanley upped their price target on shares of Fifth Third Bancorp from $30.00 to $34.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Finally, Oppenheimer restated a “hold” rating on shares of Fifth Third Bancorp in a research report on Thursday, December 7th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have issued a buy rating to the company. Fifth Third Bancorp currently has an average rating of “Hold” and an average price target of $29.33.

Shares of Fifth Third Bancorp (NASDAQ FITB) opened at $32.77 on Tuesday. 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 firm has a market cap of $23,120.00, a PE ratio of 12.37, a PEG ratio of 2.22 and a beta of 1.35. Fifth Third Bancorp has a 1-year low of $23.20 and a 1-year high of $32.88.

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, hitting the Zacks’ consensus estimate of $0.48. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $0.65 earnings per share. research analysts predict that Fifth Third Bancorp will post 1.78 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.95%. Fifth Third Bancorp’s dividend payout ratio is currently 24.15%.

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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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