Keeler Thomas Management LLC Increases Holdings in Fifth Third Bancorp (NASDAQ:FITB)

Keeler Thomas Management LLC increased its stake in Fifth Third Bancorp (NASDAQ:FITB) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,373 shares of the financial services provider’s stock after acquiring an additional 4,389 shares during the period. Fifth Third Bancorp makes up approximately 2.1% of Keeler Thomas Management LLC’s investment portfolio, making the stock its 16th biggest position. Keeler Thomas Management LLC’s holdings in Fifth Third Bancorp were worth $5,393,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Nordea Investment Management AB increased its position in shares of Fifth Third Bancorp by 57.5% during the 4th quarter. Nordea Investment Management AB now owns 737,397 shares of the financial services provider’s stock valued at $25,551,000 after purchasing an additional 269,152 shares during the last quarter. Raymond James & Associates increased its position in Fifth Third Bancorp by 11.7% during the fourth quarter. Raymond James & Associates now owns 661,215 shares of the financial services provider’s stock valued at $22,805,000 after acquiring an additional 69,273 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Fifth Third Bancorp by 48.0% in the fourth quarter. International Assets Investment Management LLC now owns 350,894 shares of the financial services provider’s stock valued at $12,102,000 after acquiring an additional 113,838 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fifth Third Bancorp by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 14,860,365 shares of the financial services provider’s stock worth $376,413,000 after acquiring an additional 393,937 shares during the last quarter. Finally, Vicus Capital boosted its stake in shares of Fifth Third Bancorp by 4.1% during the 4th quarter. Vicus Capital now owns 9,977 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 397 shares during the period. 83.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on FITB shares. Stephens reissued an “equal weight” rating and issued a $41.00 price objective on shares of Fifth Third Bancorp in a research note on Tuesday, March 19th. Robert W. Baird reissued a “neutral” rating and set a $32.00 price target on shares of Fifth Third Bancorp in a research note on Monday, April 1st. Evercore ISI upped their price objective on Fifth Third Bancorp from $37.00 to $40.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. UBS Group reiterated a “neutral” rating and set a $39.00 target price (down from $42.00) on shares of Fifth Third Bancorp in a research report on Thursday, April 4th. Finally, Barclays upped their price target on shares of Fifth Third Bancorp from $34.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.63.

Insider Activity at Fifth Third Bancorp

In other Fifth Third Bancorp news, COO James C. Leonard sold 26,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $36.66, for a total transaction of $971,490.00. Following the sale, the chief operating officer now owns 229,344 shares of the company’s stock, valued at approximately $8,407,751.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Fifth Third Bancorp news, EVP Jude Schramm sold 5,000 shares of Fifth Third Bancorp stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $36.38, for a total transaction of $181,900.00. Following the completion of the sale, the executive vice president now directly owns 139,422 shares in the company, valued at approximately $5,072,172.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO James C. Leonard sold 26,500 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $36.66, for a total transaction of $971,490.00. Following the transaction, the chief operating officer now directly owns 229,344 shares of the company’s stock, valued at approximately $8,407,751.04. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Fifth Third Bancorp Stock Up 5.9 %

NASDAQ FITB traded up $2.03 on Friday, hitting $36.25. The stock had a trading volume of 13,812,465 shares, compared to its average volume of 4,201,311. The business’s fifty day moving average price is $35.21 and its 200 day moving average price is $31.89. The stock has a market cap of $24.69 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.38 and a beta of 1.27. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.81 and a quick ratio of 0.81. Fifth Third Bancorp has a 52-week low of $22.46 and a 52-week high of $37.41.

Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Friday, April 19th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.05. Fifth Third Bancorp had a return on equity of 16.25% and a net margin of 18.58%. The firm had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the business earned $0.78 EPS. Equities research analysts anticipate that Fifth Third Bancorp will post 3.19 earnings per share for the current year.

Fifth Third Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 3.86%. Fifth Third Bancorp’s dividend payout ratio (DPR) is currently 44.44%.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.