11,090 Shares in Fifth Third Bancorp (NASDAQ:FITB) Bought by Syon Capital LLC

Syon Capital LLC acquired a new stake in Fifth Third Bancorp (NASDAQ:FITB) during the 4th quarter, Holdings Channel reports. The fund acquired 11,090 shares of the financial services provider’s stock, valued at approximately $383,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FITB. GoalVest Advisory LLC lifted its holdings in shares of Fifth Third Bancorp by 145.5% in the fourth quarter. GoalVest Advisory LLC now owns 945 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 560 shares in the last quarter. Denali Advisors LLC bought a new stake in Fifth Third Bancorp in the 4th quarter valued at approximately $36,000. Financial Management Professionals Inc. boosted its position in Fifth Third Bancorp by 1,000.0% during the 4th quarter. Financial Management Professionals Inc. now owns 1,100 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,000 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Fifth Third Bancorp during the 3rd quarter worth approximately $46,000. Finally, Friedenthal Financial bought a new position in shares of Fifth Third Bancorp during the 4th quarter worth approximately $48,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Jude Schramm sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $36.38, for a total value of $181,900.00. Following the transaction, the executive vice president now owns 139,422 shares of the company’s stock, valued at $5,072,172.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO James C. Leonard sold 26,500 shares of Fifth Third Bancorp stock in a transaction on Monday, March 11th. The stock was sold at an average price of $36.66, for a total transaction of $971,490.00. Following the completion of the sale, the chief operating officer now owns 229,344 shares of the company’s stock, valued at $8,407,751.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jude Schramm sold 5,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $36.38, for a total transaction of $181,900.00. Following the completion of the sale, the executive vice president now directly owns 139,422 shares of the company’s stock, valued at approximately $5,072,172.36. The disclosure for this sale can be found here. Insiders sold 46,357 shares of company stock worth $1,693,888 over the last three months. Insiders own 0.50% of the company’s stock.

Fifth Third Bancorp Stock Up 0.2 %

FITB stock opened at $36.90 on Friday. Fifth Third Bancorp has a 1-year low of $22.46 and a 1-year high of $37.41. The business’s 50 day simple moving average is $35.54 and its 200 day simple moving average is $32.22. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $25.13 billion, a PE ratio of 11.71, a PEG ratio of 1.39 and a beta of 1.27.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.71 by $0.05. The firm had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $2.08 billion. Fifth Third Bancorp had a net margin of 17.70% and a return on equity of 16.11%. During the same period in the previous year, the company earned $0.78 earnings per share. As a group, research analysts anticipate that Fifth Third Bancorp will post 3.2 EPS for the current year.

Fifth Third Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.35 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 3.79%. Fifth Third Bancorp’s dividend payout ratio is currently 44.44%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FITB. Wells Fargo & Company boosted their price objective on shares of Fifth Third Bancorp from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $40.00 price objective (up from $39.00) on shares of Fifth Third Bancorp in a research note on Monday, April 22nd. UBS Group restated a “neutral” rating and issued a $39.00 price objective (down previously from $42.00) on shares of Fifth Third Bancorp in a report on Thursday, April 4th. Royal Bank of Canada upped their target price on Fifth Third Bancorp from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Finally, Evercore ISI raised their price target on Fifth Third Bancorp from $37.00 to $40.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fifth Third Bancorp presently has an average rating of “Hold” and an average target price of $36.31.

Fifth Third Bancorp Profile

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.