Toronto Dominion Bank lifted its stake in Fifth Third Bancorp (NASDAQ:FITB) by 9.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 280,028 shares of the financial services provider’s stock after purchasing an additional 25,256 shares during the period. Toronto Dominion Bank’s holdings in Fifth Third Bancorp were worth $7,834,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund grew its holdings in shares of Fifth Third Bancorp by 1.3% in the third quarter. New York State Common Retirement Fund now owns 1,986,629 shares of the financial services provider’s stock worth $55,586,000 after purchasing an additional 25,500 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Fifth Third Bancorp by 41.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 489,148 shares of the financial services provider’s stock worth $13,686,000 after acquiring an additional 143,145 shares in the last quarter. Global X MANAGEMENT CO LLC grew its holdings in Fifth Third Bancorp by 11.6% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 26,422 shares of the financial services provider’s stock worth $739,000 after acquiring an additional 2,742 shares in the last quarter. Candriam Luxembourg S.C.A. grew its holdings in Fifth Third Bancorp by 4.1% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 452,713 shares of the financial services provider’s stock worth $12,667,000 after acquiring an additional 17,926 shares in the last quarter. Finally, Breton Hill Capital Ltd. grew its holdings in Fifth Third Bancorp by 8.2% during the 3rd quarter. Breton Hill Capital Ltd. now owns 72,963 shares of the financial services provider’s stock worth $2,042,000 after acquiring an additional 5,556 shares in the last quarter. Hedge funds and other institutional investors own 81.45% of the company’s stock.

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In related news, EVP Timothy Spence sold 15,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $28.86, for a total value of $432,900.00. Following the completion of the transaction, the executive vice president now directly owns 154,577 shares of the company’s stock, valued at approximately $4,461,092.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.

Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at $28.47 on Friday. Fifth Third Bancorp has a 1-year low of $23.20 and a 1-year high of $29.39. The firm has a market cap of $20,080.84, a PE ratio of 15.81, a PEG ratio of 2.36 and a beta of 1.34. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.89 and a quick ratio of 0.89.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $1.55 billion. During the same period last year, the business earned $0.65 EPS. sell-side analysts predict that Fifth Third Bancorp will post 1.8 earnings per share for the current fiscal year.

Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub cut shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Robert W. Baird cut shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and set a $24.00 target price on the stock. in a report on Monday, October 2nd. Nomura increased their target price on shares of Fifth Third Bancorp from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Fifth Third Bancorp in a report on Saturday, July 22nd. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $28.33.

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.

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

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