Fifth Third Bancorp (FITB) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. decreased its position in Fifth Third Bancorp (NASDAQ:FITB) by 11.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,980 shares of the financial services provider’s stock after selling 2,758 shares during the period. FDx Advisors Inc.’s holdings in Fifth Third Bancorp were worth $587,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in 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 valued at $1,502,604,000 after acquiring an additional 639,361 shares in the last quarter. Sanders Capital LLC lifted its position in Fifth Third Bancorp by 1.7% during the 3rd quarter. Sanders Capital LLC now owns 13,152,538 shares of the financial services provider’s stock worth $390,680,000 after buying an additional 224,800 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Fifth Third Bancorp by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,368,466 shares of the financial services provider’s stock worth $269,182,000 after buying an additional 431,863 shares in the last quarter. Janus Henderson Group PLC lifted its position in Fifth Third Bancorp by 7,461.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,612,026 shares of the financial services provider’s stock worth $197,608,000 after buying an additional 7,511,357 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Fifth Third Bancorp by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 3,870,613 shares of the financial services provider’s stock worth $100,481,000 after buying an additional 29,378 shares in the last quarter. 81.45% of the stock is owned by institutional investors.

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In other Fifth Third Bancorp news, EVP Timothy Spence sold 15,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $28.86, for a total value of $432,900.00. Following the transaction, the executive vice president now directly owns 154,577 shares of the company’s stock, valued at $4,461,092.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by company insiders.

Several brokerages have commented on FITB. BidaskClub cut shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Macquarie cut shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $28.47 to $26.00 in a research report on Friday. Nomura boosted their price target on shares of Fifth Third Bancorp from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, September 28th. Robert W. Baird cut shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and set a $24.00 price target on the stock. in a research report on Monday, October 2nd. Finally, Zacks Investment Research cut shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $28.23.

Shares of Fifth Third Bancorp (FITB) opened at $28.45 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.93. The company has a market cap of $20,073.78, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 2.36 and a beta of 1.34. Fifth Third Bancorp has a twelve month low of $23.20 and a twelve month high of $29.39.

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

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.

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

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