APG Asset Management N.V. decreased its position in Fifth Third Bancorp (NASDAQ:FITB) by 58.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 274,799 shares of the financial services provider’s stock after selling 386,592 shares during the period. APG Asset Management N.V.’s holdings in Fifth Third Bancorp were worth $7,689,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings 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 worth $1,502,604,000 after buying an additional 639,361 shares during the period. Sanders Capital LLC boosted its holdings in Fifth Third Bancorp by 1.7% in the 3rd quarter. Sanders Capital LLC now owns 13,152,538 shares of the financial services provider’s stock valued at $390,680,000 after purchasing an additional 224,800 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Fifth Third Bancorp by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,368,466 shares of the financial services provider’s stock valued at $269,182,000 after purchasing an additional 431,863 shares during the period. Janus Henderson Group PLC boosted its holdings in Fifth Third Bancorp by 7,461.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,612,026 shares of the financial services provider’s stock valued at $197,608,000 after purchasing an additional 7,511,357 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Fifth Third Bancorp by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 3,870,613 shares of the financial services provider’s stock valued at $100,481,000 after purchasing an additional 29,378 shares during the period. Institutional investors own 79.44% of the company’s stock.

In other news, EVP Frank R. Forrest sold 7,004 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $26.21, for a total value of $183,574.84. Following the transaction, the executive vice president now owns 71,793 shares in the company, valued at $1,881,694.53. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy Spence sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $28.86, for a total transaction of $432,900.00. Following the completion of the transaction, the executive vice president now owns 154,577 shares in the company, valued at approximately $4,461,092.22. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Shares of Fifth Third Bancorp (FITB) opened at $29.12 on Friday. Fifth Third Bancorp has a 52 week low of $21.18 and a 52 week high of $29.39. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $20.54 billion, a PE ratio of 16.26, a P/E/G ratio of 2.43 and a beta of 1.34.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Fifth Third Bancorp had a net margin of 25.81% and a return on equity of 9.58%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. analysts expect that Fifth Third Bancorp will post 1.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Thursday, September 28th. This is an increase from Fifth Third Bancorp’s previous quarterly dividend of $0.14. Fifth Third Bancorp’s dividend payout ratio is currently 24.15%.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Nomura raised their price target on shares of Fifth Third Bancorp from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. Bank of America Corporation lifted their price objective on shares of Fifth Third Bancorp from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Royal Bank Of Canada lifted their price objective on shares of Fifth Third Bancorp from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and two have assigned a buy rating to the stock. Fifth Third Bancorp has an average rating of “Hold” and a consensus price target of $28.33.

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

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