Fifth Third Bancorp $FITB Shares Acquired by Osaic Holdings Inc.

Osaic Holdings Inc. increased its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB) by 191.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 381,379 shares of the financial services provider’s stock after acquiring an additional 250,438 shares during the period. Osaic Holdings Inc.’s holdings in Fifth Third Bancorp were worth $15,180,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its position in shares of Fifth Third Bancorp by 35.6% in the first quarter. Brooklyn Investment Group now owns 4,193 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 1,100 shares during the period. Wellington Management Group LLP lifted its stake in Fifth Third Bancorp by 11.9% in the 1st quarter. Wellington Management Group LLP now owns 364,163 shares of the financial services provider’s stock valued at $14,275,000 after buying an additional 38,799 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Fifth Third Bancorp by 114.2% in the 1st quarter. Quantbot Technologies LP now owns 36,004 shares of the financial services provider’s stock worth $1,411,000 after buying an additional 19,197 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Fifth Third Bancorp by 8.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 28,190 shares of the financial services provider’s stock worth $1,105,000 after buying an additional 2,215 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Fifth Third Bancorp by 0.5% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 96,414 shares of the financial services provider’s stock valued at $3,779,000 after acquiring an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FITB shares. Stephens lifted their price target on Fifth Third Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Wall Street Zen raised shares of Fifth Third Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Jefferies Financial Group upped their target price on shares of Fifth Third Bancorp from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, December 1st. TD Cowen raised their price target on shares of Fifth Third Bancorp from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Finally, Wolfe Research upped their price objective on shares of Fifth Third Bancorp from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.60.

Insider Buying and Selling at Fifth Third Bancorp

In other Fifth Third Bancorp news, Director Evan Bayh bought 3,000 shares of Fifth Third Bancorp stock in a transaction on Monday, October 20th. The shares were bought at an average price of $41.22 per share, for a total transaction of $123,660.00. Following the completion of the transaction, the director directly owned 84,942 shares of the company’s stock, valued at $3,501,309.24. This trade represents a 3.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jude Schramm sold 2,250 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $48.50, for a total value of $109,125.00. Following the completion of the transaction, the executive vice president directly owned 129,191 shares in the company, valued at approximately $6,265,763.50. This trade represents a 1.71% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.53% of the stock is owned by company insiders.

Fifth Third Bancorp Trading Down 0.2%

Shares of FITB opened at $47.66 on Friday. Fifth Third Bancorp has a 12-month low of $32.25 and a 12-month high of $48.71. The firm has a market capitalization of $31.51 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.97 and a beta of 0.99. The firm has a 50-day moving average price of $43.39 and a 200 day moving average price of $43.03. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Tuesday, November 4th. The financial services provider reported $0.91 earnings per share for the quarter. Fifth Third Bancorp had a net margin of 18.67% and a return on equity of 13.41%. The company had revenue of $3.82 billion for the quarter. Sell-side analysts forecast that Fifth Third Bancorp will post 3.68 EPS for the current year.

Fifth Third Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, December 31st. Fifth Third Bancorp’s dividend payout ratio is presently 47.76%.

Fifth Third Bancorp Profile

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.