Fifth Third Bancorp (FITB) Holdings Raised by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA boosted its stake in shares of Fifth Third Bancorp (NASDAQ:FITB) by 41.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 489,148 shares of the financial services provider’s stock after purchasing an additional 143,145 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.07% of Fifth Third Bancorp worth $13,686,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FITB. State of Alaska Department of Revenue boosted its position in Fifth Third Bancorp by 8.6% during the second quarter. State of Alaska Department of Revenue now owns 37,243 shares of the financial services provider’s stock worth $966,000 after purchasing an additional 2,950 shares during the period. Canal Capital Management LLC boosted its position in shares of Fifth Third Bancorp by 17.0% in the second quarter. Canal Capital Management LLC now owns 60,325 shares of the financial services provider’s stock valued at $1,566,000 after acquiring an additional 8,775 shares during the period. LS Investment Advisors LLC boosted its position in shares of Fifth Third Bancorp by 3.8% in the second quarter. LS Investment Advisors LLC now owns 34,028 shares of the financial services provider’s stock valued at $883,000 after acquiring an additional 1,243 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Fifth Third Bancorp by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the financial services provider’s stock valued at $1,207,000 after acquiring an additional 400 shares during the period. Finally, Main Street Research LLC boosted its position in shares of Fifth Third Bancorp by 6.1% in the second quarter. Main Street Research LLC now owns 467,445 shares of the financial services provider’s stock valued at $12,135,000 after acquiring an additional 26,800 shares during the period. 81.45% of the stock is owned by hedge funds and other institutional investors.

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In other Fifth Third Bancorp news, EVP Frank R. Forrest sold 7,004 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $26.21, for a total transaction of $183,574.84. Following the transaction, the executive vice president now owns 71,793 shares in the company, valued at $1,881,694.53. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Timothy Spence sold 15,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $28.86, for a total value of $432,900.00. Following the sale, the executive vice president now directly owns 154,577 shares in the company, valued at approximately $4,461,092.22. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

Fifth Third Bancorp (NASDAQ:FITB) opened at $28.19 on Tuesday. 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 has a 1-year low of $23.20 and a 1-year high of $29.39. The stock has a market capitalization of $19,523.43, a PE ratio of 15.37, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34.

Fifth Third Bancorp (NASDAQ:FITB) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business earned $0.65 earnings per share. sell-side analysts expect that Fifth Third Bancorp will post 1.8 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.64 dividend on an annualized basis and a yield of 2.27%. This is a boost from Fifth Third Bancorp’s previous quarterly dividend of $0.14. Fifth Third Bancorp’s dividend payout ratio (DPR) is 23.97%.

Several equities research analysts have recently weighed in on FITB shares. Zacks Investment Research cut Fifth Third Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. UBS AG reissued a “sell” rating and issued a $26.00 price objective (up from $25.00) on shares of Fifth Third Bancorp in a research report on Friday, October 6th. Sanford C. Bernstein reissued a “market perform” rating and issued a $31.00 price objective (up from $29.00) on shares of Fifth Third Bancorp in a research report on Saturday, September 16th. Instinet restated a “neutral” rating and issued a $29.00 target price (up from $28.00) on shares of Fifth Third Bancorp in a research note on Saturday, September 30th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Fifth Third Bancorp in a research note on Saturday, July 22nd. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.33.

Fifth Third Bancorp Company 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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