Global Retirement Partners LLC Has $195,000 Stock Position in Fifth Third Bancorp (NASDAQ:FITB)

Global Retirement Partners LLC lifted its stake in Fifth Third Bancorp (NASDAQ:FITBFree Report) by 84.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,794 shares of the financial services provider’s stock after purchasing an additional 2,647 shares during the quarter. Global Retirement Partners LLC’s holdings in Fifth Third Bancorp were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Penserra Capital Management LLC boosted its position in Fifth Third Bancorp by 8.7% during the 4th quarter. Penserra Capital Management LLC now owns 3,568 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 285 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Fifth Third Bancorp by 1.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 18,752 shares of the financial services provider’s stock worth $599,000 after acquiring an additional 321 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in Fifth Third Bancorp by 1.5% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 25,098 shares of the financial services provider’s stock worth $823,000 after acquiring an additional 370 shares during the period. Toroso Investments LLC boosted its position in Fifth Third Bancorp by 5.0% during the 4th quarter. Toroso Investments LLC now owns 7,844 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 371 shares during the period. Finally, Covestor Ltd boosted its position in Fifth Third Bancorp by 43.9% during the 1st quarter. Covestor Ltd now owns 1,219 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 372 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analyst Ratings Changes

FITB has been the subject of several research reports. Royal Bank of Canada lifted their price target on Fifth Third Bancorp from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Morgan Stanley lifted their price target on Fifth Third Bancorp from $29.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Barclays boosted their price objective on Fifth Third Bancorp from $34.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. UBS Group boosted their price target on Fifth Third Bancorp from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, Wells Fargo & Company boosted their price target on Fifth Third Bancorp from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.50.

View Our Latest Analysis on FITB

Fifth Third Bancorp Stock Down 0.4 %

Shares of Fifth Third Bancorp stock opened at $35.84 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $24.41 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. The business has a 50-day moving average of $34.97 and a two-hundred day moving average of $31.01. Fifth Third Bancorp has a 1 year low of $22.46 and a 1 year high of $37.41.

Fifth Third Bancorp (NASDAQ:FITBGet Free Report) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.77 by $0.22. Fifth Third Bancorp had a return on equity of 16.25% and a net margin of 18.58%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. As a group, equities analysts predict that Fifth Third Bancorp will post 3.17 EPS for the current year.

Fifth Third Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 3.91%. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 43.34%.

Insider Activity

In other news, COO James C. Leonard sold 26,500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $36.66, for a total value of $971,490.00. Following the completion of the sale, the chief operating officer now directly owns 229,344 shares of the company’s stock, valued at $8,407,751.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Jude Schramm sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $36.38, for a total value of $181,900.00. Following the completion of the sale, the executive vice president now directly owns 139,422 shares of the company’s stock, valued at $5,072,172.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO James C. Leonard sold 26,500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $36.66, for a total value of $971,490.00. Following the transaction, the chief operating officer now owns 229,344 shares in the company, valued at approximately $8,407,751.04. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Fifth Third Bancorp Company Profile

(Free Report)

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.

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

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