Raleigh Capital Management Inc. Has $347,000 Stake in Fifth Third Bancorp (NASDAQ:FITB)

Raleigh Capital Management Inc. grew its holdings in shares of Fifth Third Bancorp (NASDAQ:FITBFree Report) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,694 shares of the financial services provider’s stock after acquiring an additional 451 shares during the period. Raleigh Capital Management Inc.’s holdings in Fifth Third Bancorp were worth $347,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Fifth Third Bancorp by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 14,860,365 shares of the financial services provider’s stock worth $376,413,000 after acquiring an additional 393,937 shares during the period. Natixis Advisors L.P. grew its holdings in Fifth Third Bancorp by 4.3% during the 3rd quarter. Natixis Advisors L.P. now owns 671,803 shares of the financial services provider’s stock worth $17,017,000 after acquiring an additional 27,610 shares during the period. Raymond James & Associates boosted its position in shares of Fifth Third Bancorp by 17.0% during the 3rd quarter. Raymond James & Associates now owns 591,942 shares of the financial services provider’s stock worth $14,994,000 after purchasing an additional 85,981 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Fifth Third Bancorp by 460.8% during the 3rd quarter. National Bank of Canada FI now owns 675,898 shares of the financial services provider’s stock worth $16,559,000 after purchasing an additional 555,375 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Fifth Third Bancorp by 15.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 136,905 shares of the financial services provider’s stock worth $3,468,000 after purchasing an additional 18,186 shares in the last quarter. 77.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO James C. Leonard sold 26,500 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $36.66, for a total transaction of $971,490.00. Following the transaction, the chief operating officer now owns 229,344 shares in the company, valued at $8,407,751.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by insiders.

Fifth Third Bancorp Stock Performance

NASDAQ FITB opened at $35.42 on Friday. Fifth Third Bancorp has a 52-week low of $22.46 and a 52-week high of $37.03. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $24.13 billion, a P/E ratio of 10.97, a P/E/G ratio of 1.38 and a beta of 1.26. The company has a fifty day moving average of $34.50 and a 200-day moving average of $30.09.

Fifth Third Bancorp (NASDAQ:FITBGet Free Report) last posted its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.22. Fifth Third Bancorp had a net margin of 18.58% and a return on equity of 16.25%. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the firm posted $1.04 EPS. As a group, equities research analysts predict that Fifth Third Bancorp will post 3.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FITB. The Goldman Sachs Group increased their price objective on shares of Fifth Third Bancorp from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Morgan Stanley raised their price target on shares of Fifth Third Bancorp from $29.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. StockNews.com cut shares of Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, November 20th. Wells Fargo & Company raised their price target on shares of Fifth Third Bancorp from $34.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, December 14th. Finally, Barclays raised their price target on shares of Fifth Third Bancorp from $34.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.63.

Get Our Latest Analysis on Fifth Third Bancorp

Fifth Third Bancorp Company Profile

(Free Report)

Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

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

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