Fifth Third Bancorp (FITB) Position Cut by Keybank National Association OH

Keybank National Association OH cut its position in shares of Fifth Third Bancorp (NASDAQ:FITB) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,501 shares of the financial services provider’s stock after selling 8,483 shares during the period. Keybank National Association OH’s holdings in Fifth Third Bancorp were worth $2,837,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisor Group Inc. lifted its holdings in Fifth Third Bancorp by 19.7% during the third quarter. Advisor Group Inc. now owns 36,589 shares of the financial services provider’s stock valued at $1,024,000 after purchasing an additional 6,033 shares in the last quarter. Pegasus Partners Ltd. lifted its holdings in Fifth Third Bancorp by 69.5% during the third quarter. Pegasus Partners Ltd. now owns 186,989 shares of the financial services provider’s stock valued at $5,232,000 after purchasing an additional 76,647 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in Fifth Third Bancorp by 14.4% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 992,727 shares of the financial services provider’s stock valued at $27,777,000 after purchasing an additional 125,124 shares in the last quarter. Korea Investment CORP lifted its holdings in Fifth Third Bancorp by 2.2% during the third quarter. Korea Investment CORP now owns 269,823 shares of the financial services provider’s stock valued at $7,550,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Fifth Third Bancorp by 1.4% during the third quarter. Rhumbline Advisers now owns 1,416,096 shares of the financial services provider’s stock valued at $39,622,000 after purchasing an additional 19,465 shares in the last quarter. 84.01% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Jelena Mcwilliams sold 1,952 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $33.01, for a total transaction of $64,435.52. Following the completion of the sale, the executive vice president now directly owns 6,034 shares in the company, valued at $199,182.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jewell D. Hoover sold 3,700 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $32.40, for a total transaction of $119,880.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,086 shares of company stock worth $3,951,344. Insiders own 0.38% of the company’s stock.

FITB has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 27th. BidaskClub raised shares of Fifth Third Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Bank of America increased their price objective on shares of Fifth Third Bancorp from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Morgan Stanley increased their price objective on shares of Fifth Third Bancorp from $30.00 to $34.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $27.00 price objective on shares of Fifth Third Bancorp in a report on Tuesday, October 24th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.70.

Fifth Third Bancorp (NASDAQ:FITB) opened at $33.13 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market cap of $22,985.76, a PE ratio of 18.00, a PEG ratio of 1.83 and a beta of 1.36. Fifth Third Bancorp has a 52 week low of $23.20 and a 52 week high of $33.91.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.58 billion. Fifth Third Bancorp had a net margin of 27.08% and a return on equity of 9.65%. During the same period last year, the firm posted $0.49 earnings per share. research analysts anticipate that Fifth Third Bancorp will post 2.3 EPS for the current year.

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About Fifth Third Bancorp

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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