Centaurus Financial Inc. acquired a new position in shares of Fifth Third Bancorp (NASDAQ:FITB) in the second quarter, HoldingsChannel reports. The institutional investor acquired 4,566 shares of the financial services provider’s stock, valued at approximately $131,000.

A number of other hedge funds also recently added to or reduced their stakes in FITB. BlackRock Inc. increased its position in Fifth Third Bancorp by 5.9% during the 2nd quarter. BlackRock Inc. now owns 48,455,130 shares of the financial services provider’s stock worth $1,390,661,000 after purchasing an additional 2,718,504 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Fifth Third Bancorp by 119.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,875,534 shares of the financial services provider’s stock worth $139,929,000 after acquiring an additional 2,658,672 shares during the last quarter. Schroder Investment Management Group grew its holdings in Fifth Third Bancorp by 239.3% during the 1st quarter. Schroder Investment Management Group now owns 2,019,906 shares of the financial services provider’s stock worth $64,132,000 after acquiring an additional 1,424,674 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Fifth Third Bancorp by 16.9% during the 2nd quarter. Wells Fargo & Company MN now owns 7,362,392 shares of the financial services provider’s stock worth $211,301,000 after acquiring an additional 1,062,218 shares during the last quarter. Finally, Natixis bought a new stake in Fifth Third Bancorp during the 1st quarter worth approximately $32,495,000. Institutional investors and hedge funds own 83.87% of the company’s stock.

FITB opened at $29.50 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89. Fifth Third Bancorp has a 1-year low of $26.98 and a 1-year high of $34.67. The firm has a market cap of $19.71 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 1.64 and a beta of 1.25.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.06. Fifth Third Bancorp had a net margin of 32.86% and a return on equity of 11.12%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. equities research analysts anticipate that Fifth Third Bancorp will post 2.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.72 annualized dividend and a yield of 2.44%. Fifth Third Bancorp’s payout ratio is 26.87%.

A number of equities research analysts have weighed in on FITB shares. BidaskClub lowered shares of Fifth Third Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday, September 1st. Zacks Investment Research lowered shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Argus began coverage on shares of Fifth Third Bancorp in a research note on Thursday, June 14th. They issued a “buy” rating and a $36.00 price objective on the stock. UBS Group upgraded shares of Fifth Third Bancorp from a “sell” rating to a “neutral” rating and set a $26.00 target price on the stock in a research report on Friday, July 20th. Finally, Wedbush dropped their target price on shares of Fifth Third Bancorp from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, July 20th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $32.11.

Fifth Third Bancorp Profile

Fifth Third Bancorp operates as a diversified financial services company in the United States. 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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