JFS Wealth Advisors LLC reduced its stake in Fifth Third Bancorp (NASDAQ:FITB) by 5.0% during the second quarter, Holdings Channel reports. The institutional investor owned 11,096 shares of the financial services provider’s stock after selling 585 shares during the period. JFS Wealth Advisors LLC’s holdings in Fifth Third Bancorp were worth $195,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Fifth Third Bancorp during the fourth quarter valued at about $192,634,000. Bank of Montreal Can purchased a new position in shares of Fifth Third Bancorp during the second quarter valued at $58,829,000. Hexavest Inc. raised its position in shares of Fifth Third Bancorp by 28,864.0% in the second quarter. Hexavest Inc. now owns 1,541,464 shares of the financial services provider’s stock valued at $27,114,000 after buying an additional 1,536,142 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Fifth Third Bancorp by 69.2% in the first quarter. Wellington Management Group LLP now owns 2,737,728 shares of the financial services provider’s stock valued at $45,693,000 after buying an additional 1,120,110 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in shares of Fifth Third Bancorp during the first quarter valued at $27,053,000. 80.07% of the stock is owned by hedge funds and other institutional investors.

Fifth Third Bancorp (NASDAQ:FITB) traded up 0.83% during midday trading on Monday, reaching $20.63. The company had a trading volume of 6,840,226 shares. The stock has a market cap of $15.81 billion, a P/E ratio of 10.05 and a beta of 1.27. Fifth Third Bancorp has a 12 month low of $13.84 and a 12 month high of $21.14. The firm has a 50-day moving average of $19.69 and a 200-day moving average of $18.27.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Fifth Third Bancorp had a return on equity of 9.25% and a net margin of 23.36%. During the same quarter in the prior year, the firm earned $0.36 EPS. On average, equities analysts expect that Fifth Third Bancorp will post $1.60 EPS for the current fiscal year.

Several research analysts have weighed in on FITB shares. Barclays PLC reaffirmed an “equal weight” rating and issued a $21.00 target price on shares of Fifth Third Bancorp in a research report on Sunday, July 10th. Susquehanna lowered Fifth Third Bancorp from a “positive” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research report on Tuesday, June 7th. Morgan Stanley lowered Fifth Third Bancorp from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $21.00 to $20.00 in a research report on Tuesday, July 5th. Credit Suisse Group AG reaffirmed a “sell” rating on shares of Fifth Third Bancorp in a research report on Tuesday, July 12th. Finally, Evercore ISI lowered Fifth Third Bancorp to a “hold” rating and set a $18.00 target price on the stock. in a research report on Friday, July 15th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Fifth Third Bancorp has a consensus rating of “Hold” and an average target price of $20.41.

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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