Edgestream Partners L.P. increased its stake in Fifth Third Bancorp (NASDAQ:FITB) by 73.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,103 shares of the financial services provider’s stock after acquiring an additional 32,964 shares during the quarter. Edgestream Partners L.P.’s holdings in Fifth Third Bancorp were worth $2,242,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FITB. BlackRock Inc. increased its stake in shares of Fifth Third Bancorp by 5.9% in the 2nd quarter. BlackRock Inc. now owns 48,455,130 shares of the financial services provider’s stock valued at $1,390,661,000 after acquiring an additional 2,718,504 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Fifth Third Bancorp by 531.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,434,995 shares of the financial services provider’s stock valued at $77,312,000 after acquiring an additional 2,049,422 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Fifth Third Bancorp in the 1st quarter valued at $51,774,000. Schroder Investment Management Group increased its stake in shares of Fifth Third Bancorp by 239.3% in the 1st quarter. Schroder Investment Management Group now owns 2,019,906 shares of the financial services provider’s stock valued at $64,132,000 after acquiring an additional 1,424,674 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Fifth Third Bancorp by 16.9% in the 2nd quarter. Wells Fargo & Company MN now owns 7,362,392 shares of the financial services provider’s stock valued at $211,301,000 after acquiring an additional 1,062,218 shares in the last quarter. Institutional investors own 86.41% of the company’s stock.

FITB opened at $29.45 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The firm has a market cap of $19.88 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.65 and a beta of 1.28. Fifth Third Bancorp has a 1 year low of $24.66 and a 1 year high of $34.67.

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

Several analysts recently issued reports on FITB shares. Zacks Investment Research downgraded shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Argus started coverage on shares of Fifth Third Bancorp in a research report on Thursday, June 14th. They issued a “buy” rating and a $36.00 price target for the company. BidaskClub raised shares of Fifth Third Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 27th. FIG Partners downgraded shares of Fifth Third Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, May 21st. Finally, UBS Group raised shares of Fifth Third Bancorp from a “sell” rating to a “neutral” rating and set a $26.00 price target for the company in a research report on Friday, July 20th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have given a buy rating to the stock. Fifth Third Bancorp has an average rating of “Hold” and a consensus target price of $32.08.

About Fifth Third Bancorp

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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