WINTON GROUP Ltd Sells 61,107 Shares of Fifth Third Bancorp $FITB

WINTON GROUP Ltd cut its stake in shares of Fifth Third Bancorp (NASDAQ:FITB) by 44.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,054 shares of the financial services provider’s stock after selling 61,107 shares during the period. WINTON GROUP Ltd’s holdings in Fifth Third Bancorp were worth $3,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. raised its holdings in Fifth Third Bancorp by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 584 shares of the financial services provider’s stock valued at $26,000 after buying an additional 292 shares during the last quarter. Evolution Wealth Management Inc. bought a new stake in Fifth Third Bancorp during the 2nd quarter worth approximately $26,000. United Community Bank increased its position in Fifth Third Bancorp by 581.0% in the 3rd quarter. United Community Bank now owns 681 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 581 shares during the period. Guerra Advisors Inc acquired a new position in Fifth Third Bancorp in the 3rd quarter valued at approximately $51,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Fifth Third Bancorp during the second quarter valued at $48,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Buying and Selling at Fifth Third Bancorp

In other news, EVP Jude Schramm sold 2,250 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $48.50, for a total transaction of $109,125.00. Following the transaction, the executive vice president owned 129,191 shares in the company, valued at approximately $6,265,763.50. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Fifth Third Bancorp from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Keefe, Bruyette & Woods lifted their price objective on Fifth Third Bancorp from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. TD Cowen reiterated a “buy” rating and issued a $60.00 target price on shares of Fifth Third Bancorp in a report on Tuesday, February 3rd. UBS Group restated a “buy” rating and set a $59.00 price target on shares of Fifth Third Bancorp in a report on Wednesday, February 4th. Finally, Evercore boosted their price target on shares of Fifth Third Bancorp from $52.00 to $57.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Fifth Third Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $56.91.

Fifth Third Bancorp Stock Performance

Shares of FITB stock opened at $46.59 on Wednesday. The firm has a 50 day moving average of $50.63 and a 200-day moving average of $46.62. The company has a market cap of $42.02 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.95 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.68. Fifth Third Bancorp has a 52 week low of $32.25 and a 52 week high of $55.44.

About Fifth Third Bancorp

Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.

On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.