New York State Common Retirement Fund Has $55.59 Million Holdings in Fifth Third Bancorp (FITB)

New York State Common Retirement Fund raised its stake in Fifth Third Bancorp (NASDAQ:FITB) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,986,629 shares of the financial services provider’s stock after buying an additional 25,500 shares during the quarter. New York State Common Retirement Fund owned approximately 0.28% of Fifth Third Bancorp worth $55,586,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its holdings in Fifth Third Bancorp by 41.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 489,148 shares of the financial services provider’s stock valued at $13,686,000 after buying an additional 143,145 shares in the last quarter. Global X MANAGEMENT CO LLC grew its holdings in Fifth Third Bancorp by 11.6% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 26,422 shares of the financial services provider’s stock valued at $739,000 after buying an additional 2,742 shares in the last quarter. Candriam Luxembourg S.C.A. grew its holdings in Fifth Third Bancorp by 4.1% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 452,713 shares of the financial services provider’s stock valued at $12,667,000 after buying an additional 17,926 shares in the last quarter. Breton Hill Capital Ltd. grew its holdings in Fifth Third Bancorp by 8.2% in the 3rd quarter. Breton Hill Capital Ltd. now owns 72,963 shares of the financial services provider’s stock valued at $2,042,000 after buying an additional 5,556 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Fifth Third Bancorp by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,555,947 shares of the financial services provider’s stock valued at $43,536,000 after buying an additional 83,205 shares in the last quarter. Institutional investors own 83.97% of the company’s stock.

In related news, EVP Timothy Spence sold 15,000 shares of the firm’s 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 directly owns 154,577 shares in the company, valued at approximately $4,461,092.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.38% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 27th. UBS reiterated a “sell” rating and set a $26.00 price target (up from $25.00) on shares of Fifth Third Bancorp in a report on Friday, October 6th. Bank of America increased their price target on Fifth Third Bancorp from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Piper Jaffray Companies reiterated a “hold” rating and set a $27.00 price target on shares of Fifth Third Bancorp in a report on Tuesday, October 24th. Finally, Oppenheimer reiterated a “hold” rating on shares of Fifth Third Bancorp in a report on Tuesday, October 24th. Four research 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.23.

Fifth Third Bancorp (NASDAQ FITB) opened at $30.78 on Wednesday. Fifth Third Bancorp has a twelve month low of $23.20 and a twelve month high of $31.83. The company has a market capitalization of $22,010.00, a PE ratio of 17.05, a P/E/G ratio of 2.55 and a beta of 1.35. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.93.

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

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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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