Meeder Advisory Services Inc. Purchases 10,525 Shares of Fifth Third Bancorp $FITB

Meeder Advisory Services Inc. lifted its holdings in Fifth Third Bancorp (NASDAQ:FITB) by 41.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,059 shares of the financial services provider’s stock after acquiring an additional 10,525 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Fifth Third Bancorp were worth $1,675,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Fifth Third Bancorp by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 83,948,876 shares of the financial services provider’s stock valued at $3,929,647,000 after purchasing an additional 637,207 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Fifth Third Bancorp by 41.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 35,548,204 shares of the financial services provider’s stock worth $1,664,013,000 after purchasing an additional 10,444,799 shares in the last quarter. Capital World Investors boosted its stake in Fifth Third Bancorp by 5.6% in the fourth quarter. Capital World Investors now owns 32,549,669 shares of the financial services provider’s stock worth $1,523,650,000 after purchasing an additional 1,719,361 shares in the last quarter. State Street Corp grew its holdings in shares of Fifth Third Bancorp by 0.3% during the fourth quarter. State Street Corp now owns 31,437,600 shares of the financial services provider’s stock worth $1,484,021,000 after purchasing an additional 101,245 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Fifth Third Bancorp by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,939,023 shares of the financial services provider’s stock worth $1,120,586,000 after purchasing an additional 530,489 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors.

Key Fifth Third Bancorp News

Here are the key news stories impacting Fifth Third Bancorp this week:

• Positive Sentiment: Bank of America raised its price target to $65 and kept a buy rating, signaling meaningful upside from current levels. Article Title
• Positive Sentiment: DA Davidson also lifted its target to $65 and reiterated a buy rating after Fifth Third’s strong quarter. Article Title
• Positive Sentiment: RBC raised its target to $62 with an outperform rating, adding to the bullish analyst sentiment around FITB. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods increased its target to $60, signaling still-positive expectations even with a more neutral stance. Article Title
• Positive Sentiment: Fifth Third reported Q2 EPS of $1.02, ahead of the $0.95 consensus, with revenue also beating estimates, reinforcing the bank’s fundamental strength. Article Title
• Positive Sentiment: Fifth Third won Euromoney’s Best Bank Award in the United States, which may support its reputation and brand strength. Article Title
• Neutral Sentiment: Industry commentary on banks using fintech and embedded finance for deposits suggests a broader opportunity set, but it is not a direct company-specific catalyst. Article Title
• Neutral Sentiment: One article framed Comerica as a growth catalyst for Fifth Third, but the impact appears more strategic than immediately measurable. Article Title
• Neutral Sentiment: Unusually high options trading was noted, which can signal heightened investor attention but does not by itself explain the move. Article Title
• Positive Sentiment: A Zacks article highlighted Fifth Third as a strong dividend stock, which may appeal to income-focused investors. Article Title

Fifth Third Bancorp Trading Down 0.9%

Shares of FITB opened at $57.47 on Tuesday. The stock’s fifty day simple moving average is $53.19 and its 200-day simple moving average is $50.70. The firm has a market capitalization of $52.09 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.09 and a beta of 0.90. Fifth Third Bancorp has a 12-month low of $40.04 and a 12-month high of $59.50. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.59.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.24 billion. Fifth Third Bancorp had a return on equity of 12.39% and a net margin of 15.89%.During the same quarter in the previous year, the business earned $0.88 earnings per share. As a group, research analysts predict that Fifth Third Bancorp will post 4.1 earnings per share for the current year.

Fifth Third Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Fifth Third Bancorp’s dividend payout ratio (DPR) is 54.61%.

Insider Activity at Fifth Third Bancorp

In other news, EVP Peter L. Sefzik sold 20,000 shares of Fifth Third Bancorp stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $50.46, for a total transaction of $1,009,200.00. Following the completion of the sale, the executive vice president owned 189,382 shares in the company, valued at $9,556,215.72. The trade was a 9.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FITB shares. Truist Financial lifted their price target on Fifth Third Bancorp from $57.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Barclays increased their price objective on shares of Fifth Third Bancorp from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. Weiss Ratings upgraded shares of Fifth Third Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 1st. Bank of America upped their target price on shares of Fifth Third Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday. Finally, UBS Group increased their price target on shares of Fifth Third Bancorp from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Seventeen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.20.

Fifth Third Bancorp Profile

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.