Tokio Marine Asset Management Co. Ltd. Has $639,000 Stock Position in Fifth Third Bancorp (NASDAQ:FITB)

Tokio Marine Asset Management Co. Ltd. raised its holdings in Fifth Third Bancorp (NASDAQ:FITB) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,528 shares of the financial services provider’s stock after acquiring an additional 948 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Fifth Third Bancorp were worth $639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FITB. GoalVest Advisory LLC grew its position in Fifth Third Bancorp by 145.5% in the fourth quarter. GoalVest Advisory LLC now owns 945 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 560 shares during the last quarter. Denali Advisors LLC bought a new position in Fifth Third Bancorp in the fourth quarter valued at about $36,000. Financial Management Professionals Inc. grew its position in Fifth Third Bancorp by 1,000.0% in the fourth quarter. Financial Management Professionals Inc. now owns 1,100 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 1,000 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Fifth Third Bancorp during the third quarter valued at about $46,000. Finally, Friedenthal Financial acquired a new stake in shares of Fifth Third Bancorp during the fourth quarter valued at about $48,000. Institutional investors own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group reissued a “neutral” rating and set a $39.00 price target (down from $42.00) on shares of Fifth Third Bancorp in a research note on Thursday, April 4th. Robert W. Baird reissued a “neutral” rating and set a $32.00 price target on shares of Fifth Third Bancorp in a research note on Monday, April 1st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $40.00 price target (up from $39.00) on shares of Fifth Third Bancorp in a research note on Monday, April 22nd. Stephens reissued an “equal weight” rating and set a $41.00 price target on shares of Fifth Third Bancorp in a research note on Tuesday, March 19th. Finally, Wells Fargo & Company lifted 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 analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fifth Third Bancorp has a consensus rating of “Hold” and an average target price of $36.31.

Insider Buying and Selling at Fifth Third Bancorp

In other Fifth Third Bancorp news, COO James C. Leonard sold 26,500 shares of the business’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 transaction, the chief operating officer now directly owns 229,344 shares of the company’s stock, valued at $8,407,751.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO James C. Leonard sold 26,500 shares of the business’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 transaction of $971,490.00. Following the completion of the sale, the chief operating officer now owns 229,344 shares in the company, valued at $8,407,751.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jude Schramm sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $36.38, for a total value of $181,900.00. Following the sale, the executive vice president now owns 139,422 shares of the company’s stock, valued at approximately $5,072,172.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,357 shares of company stock valued at $1,693,888. 0.50% of the stock is currently owned by company insiders.

Fifth Third Bancorp Price Performance

Fifth Third Bancorp stock opened at $36.90 on Friday. The stock’s 50 day moving average is $35.54 and its 200 day moving average is $32.27. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $25.13 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.40 and a beta of 1.27. Fifth Third Bancorp has a one year low of $22.46 and a one year high of $37.41.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings results on Friday, April 19th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.05. Fifth Third Bancorp had a return on equity of 16.11% and a net margin of 17.70%. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. As a group, research analysts expect that Fifth Third Bancorp will post 3.2 EPS for the current year.

Fifth Third Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.79%. The ex-dividend date was Wednesday, March 27th. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 44.44%.

Fifth Third Bancorp Profile

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.