Train Babcock Advisors LLC lowered its holdings in Fifth Third Bancorp (NASDAQ:FITB) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 64,010 shares of the financial services provider’s stock after selling 5,070 shares during the period. Train Babcock Advisors LLC’s holdings in Fifth Third Bancorp were worth $1,942,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FITB. Scotia Capital Inc. lifted its stake in shares of Fifth Third Bancorp by 1.2% in the 2nd quarter. Scotia Capital Inc. now owns 78,139 shares of the financial services provider’s stock valued at $2,028,000 after purchasing an additional 900 shares during the period. Veritable L.P. lifted its stake in shares of Fifth Third Bancorp by 5.5% in the 2nd quarter. Veritable L.P. now owns 20,021 shares of the financial services provider’s stock valued at $520,000 after purchasing an additional 1,042 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Fifth Third Bancorp by 0.3% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 346,050 shares of the financial services provider’s stock valued at $8,983,000 after purchasing an additional 1,100 shares during the period. Hugh Johnson Advisors LLC lifted its stake in shares of Fifth Third Bancorp by 10.1% in the 2nd quarter. Hugh Johnson Advisors LLC now owns 14,324 shares of the financial services provider’s stock valued at $372,000 after purchasing an additional 1,319 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in shares of Fifth Third Bancorp by 1.6% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 123,778 shares of the financial services provider’s stock valued at $3,463,000 after purchasing an additional 1,900 shares during the period. Institutional investors and hedge funds own 83.84% of the company’s stock.

A number of research analysts have recently commented on FITB shares. Zacks Investment Research upgraded Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Monday, September 25th. Royal Bank of Canada restated a “buy” rating on shares of Fifth Third Bancorp in a research note on Sunday, December 10th. BidaskClub upgraded Fifth Third Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Morgan Stanley raised their target price on Fifth Third Bancorp from $30.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Barclays raised their target price on Fifth Third Bancorp from $31.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.33.

In other Fifth Third Bancorp news, EVP Timothy Spence sold 15,000 shares of Fifth Third Bancorp stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $28.86, for a total value of $432,900.00. Following the completion of the sale, the executive vice president now owns 154,577 shares of the company’s stock, valued at approximately $4,461,092.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by company insiders.

Fifth Third Bancorp (FITB) traded up $0.55 during trading on Wednesday, hitting $31.25. The company’s stock had a trading volume of 4,363,900 shares, compared to its average volume of 6,380,117. The company has a market cap of $22,350.00, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. Fifth Third Bancorp has a twelve month low of $23.20 and a twelve month high of $31.83. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.93.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. During the same quarter last year, the company earned $0.65 EPS. research analysts expect that Fifth Third Bancorp will post 1.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, December 28th. Fifth Third Bancorp’s payout ratio is 24.15%.

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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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