Janus Henderson Group PLC Sells 2,306,995 Shares of Fifth Third Bancorp (FITB)

Janus Henderson Group PLC reduced its stake in Fifth Third Bancorp (NASDAQ:FITB) by 30.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,305,031 shares of the financial services provider’s stock after selling 2,306,995 shares during the period. Janus Henderson Group PLC owned 0.75% of Fifth Third Bancorp worth $148,432,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Fifth Third Bancorp by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 57,881,541 shares of the financial services provider’s stock worth $1,502,604,000 after purchasing an additional 639,361 shares during the last quarter. Sanders Capital LLC lifted its holdings in Fifth Third Bancorp by 1.7% during the third quarter. Sanders Capital LLC now owns 13,152,538 shares of the financial services provider’s stock worth $390,680,000 after acquiring an additional 224,800 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Fifth Third Bancorp by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 10,368,466 shares of the financial services provider’s stock worth $269,182,000 after acquiring an additional 431,863 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Fifth Third Bancorp by 3.0% during the third quarter. Russell Investments Group Ltd. now owns 4,083,708 shares of the financial services provider’s stock worth $114,232,000 after acquiring an additional 118,177 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Fifth Third Bancorp by 1.8% during the third quarter. Legal & General Group Plc now owns 3,942,017 shares of the financial services provider’s stock worth $110,295,000 after acquiring an additional 71,404 shares in the last quarter. Institutional investors and hedge funds own 83.97% of the company’s stock.

Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at $30.30 on Tuesday. Fifth Third Bancorp has a 12 month low of $23.20 and a 12 month high of $31.83. The stock has a market capitalization of $21,470.00, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.53 and a beta of 1.35. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.93.

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

Several research analysts have weighed in on the company. Oppenheimer reiterated a “hold” rating on shares of Fifth Third Bancorp in a report on Thursday, December 7th. BMO Capital Markets reiterated a “hold” rating and set a $32.00 target price on shares of Fifth Third Bancorp in a report on Friday. Nomura lifted their target price on Fifth Third Bancorp from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, September 28th. Robert W. Baird lowered Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and set a $24.00 target price on the stock. in a report on Monday, October 2nd. Finally, Zacks Investment Research lowered Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $28.38.

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

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Fifth Third Bancorp 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.

Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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