Osmosis Investment Management UK Ltd Invests $1.98 Million in Fifth Third Bancorp $FITB

Osmosis Investment Management UK Ltd acquired a new stake in Fifth Third Bancorp (NASDAQ:FITB) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 35,194 shares of the financial services provider’s stock, valued at approximately $1,984,000.

Other large investors also recently made changes to their positions in the company. D.A. Davidson & CO. increased its position in Fifth Third Bancorp by 69.7% in the 1st quarter. D.A. Davidson & CO. now owns 50,783 shares of the financial services provider’s stock valued at $2,359,000 after acquiring an additional 20,862 shares in the last quarter. Keybank National Association OH increased its holdings in shares of Fifth Third Bancorp by 33.2% in the first quarter. Keybank National Association OH now owns 85,781 shares of the financial services provider’s stock valued at $3,985,000 after purchasing an additional 21,365 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Fifth Third Bancorp by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 18,197,466 shares of the financial services provider’s stock valued at $848,672,000 after purchasing an additional 96,656 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in Fifth Third Bancorp in the 4th quarter worth approximately $1,514,000. Finally, Fruth Investment Management lifted its holdings in Fifth Third Bancorp by 335.2% during the 1st quarter. Fruth Investment Management now owns 27,210 shares of the financial services provider’s stock worth $1,264,000 after buying an additional 20,957 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Fifth Third Bancorp Price Performance

FITB stock opened at $54.91 on Tuesday. The stock has a 50-day moving average price of $56.58 and a two-hundred day moving average price of $51.98. Fifth Third Bancorp has a 1 year low of $40.04 and a 1 year high of $59.50. The stock has a market cap of $49.80 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). Fifth Third Bancorp had a return on equity of 12.39% and a net margin of 15.89%.The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the company earned $0.88 EPS. The company’s revenue was up 45.8% compared to the same quarter last year. Equities analysts forecast that Fifth Third Bancorp will post 4.1 EPS for the current fiscal year.

Fifth Third Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.60 annualized dividend and a dividend yield of 2.9%. Fifth Third Bancorp’s payout ratio is currently 54.61%.

Analyst Ratings Changes

FITB has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Fifth Third Bancorp from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Bank of America lifted their price objective on Fifth Third Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Royal Bank Of Canada upped their target price on shares of Fifth Third Bancorp from $57.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. UBS Group raised their target price on shares of Fifth Third Bancorp from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Fifth Third Bancorp from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.54.

Fifth Third Bancorp Profile

Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.

On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.