Raymond James Trust N.A. reduced its stake in shares of Fifth Third Bancorp (NASDAQ:FITB) by 19.8% during the 4th quarter, HoldingsChannel reports. The firm owned 12,916 shares of the financial services provider’s stock after selling 3,187 shares during the period. Raymond James Trust N.A.’s holdings in Fifth Third Bancorp were worth $392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Advisor Group Inc. boosted its position in shares of Fifth Third Bancorp by 19.7% in the 3rd quarter. Advisor Group Inc. now owns 36,589 shares of the financial services provider’s stock worth $1,024,000 after buying an additional 6,033 shares in the last quarter. Pegasus Partners Ltd. boosted its position in shares of Fifth Third Bancorp by 69.5% in the 3rd quarter. Pegasus Partners Ltd. now owns 186,989 shares of the financial services provider’s stock worth $5,232,000 after buying an additional 76,647 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of Fifth Third Bancorp by 14.4% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 992,727 shares of the financial services provider’s stock worth $27,777,000 after buying an additional 125,124 shares in the last quarter. Korea Investment CORP boosted its position in shares of Fifth Third Bancorp by 2.2% in the 3rd quarter. Korea Investment CORP now owns 269,823 shares of the financial services provider’s stock worth $7,550,000 after buying an additional 5,700 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Fifth Third Bancorp by 1.4% in the 3rd quarter. Rhumbline Advisers now owns 1,416,096 shares of the financial services provider’s stock worth $39,622,000 after buying an additional 19,465 shares in the last quarter. Institutional investors own 85.66% of the company’s stock.

In other news, SVP Mark D. Hazel sold 7,500 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $32.81, for a total transaction of $246,075.00. Following the completion of the transaction, the senior vice president now owns 62,254 shares of the company’s stock, valued at approximately $2,042,553.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Fifth Third Bancorp (FITB) opened at $31.10 on Friday. Fifth Third Bancorp has a one year low of $23.20 and a one year high of $33.91. The firm has a market cap of $22,437.65, a PE ratio of 17.58, a P/E/G ratio of 2.12 and a beta of 1.36. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.99.

Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. Fifth Third Bancorp had a net margin of 27.08% and a return on equity of 9.65%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $0.49 EPS. equities analysts expect that Fifth Third Bancorp will post 2.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.06%. The ex-dividend date was Thursday, December 28th. Fifth Third Bancorp’s payout ratio is 22.46%.

Several equities research analysts recently commented on FITB shares. Zacks Investment Research lowered shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. BidaskClub upgraded shares of Fifth Third Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Bank of America boosted their price objective on shares of Fifth Third Bancorp from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Morgan Stanley boosted their price objective on shares of Fifth Third Bancorp from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $27.00 price objective on shares of Fifth Third Bancorp in a research report on Tuesday, October 24th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $30.70.

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Fifth Third Bancorp Profile

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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