Fifth Third Bancorp (FITB) Shares Sold by Gulf International Bank UK Ltd

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Gulf International Bank UK Ltd trimmed its position in shares of Fifth Third Bancorp (NASDAQ:FITB) by 31.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 152,015 shares of the financial services provider’s stock after selling 68,873 shares during the period. Gulf International Bank UK Ltd’s holdings in Fifth Third Bancorp were worth $3,576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rational Advisors LLC grew its holdings in shares of Fifth Third Bancorp by 244.7% during the 3rd quarter. Rational Advisors LLC now owns 3,588 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 2,547 shares in the last quarter. Centaurus Financial Inc. purchased a new position in shares of Fifth Third Bancorp during the 2nd quarter valued at $131,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Fifth Third Bancorp by 79.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,128 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 3,148 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Fifth Third Bancorp during the 3rd quarter valued at $210,000. Finally, Cozad Asset Management Inc. purchased a new position in shares of Fifth Third Bancorp during the 2nd quarter valued at $211,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

FITB has been the topic of several research analyst reports. BidaskClub upgraded shares of Fifth Third Bancorp from a “strong sell” rating to a “sell” rating in a report on Friday, October 5th. Morgan Stanley decreased their price objective on shares of Fifth Third Bancorp from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, December 11th. Barclays decreased their price objective on shares of Fifth Third Bancorp from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, January 2nd. Raymond James upgraded shares of Fifth Third Bancorp from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Wednesday, October 31st. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.75.

Fifth Third Bancorp stock opened at $25.06 on Friday. The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 1.28 and a beta of 1.24. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.89 and a quick ratio of 0.88. Fifth Third Bancorp has a fifty-two week low of $22.12 and a fifty-two week high of $34.67.

Fifth Third Bancorp (NASDAQ:FITB) last released its earnings results on Tuesday, October 23rd. The financial services provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.63 billion. Fifth Third Bancorp had a net margin of 28.89% and a return on equity of 11.74%. During the same quarter in the previous year, the business earned $1.35 EPS. Equities analysts forecast that Fifth Third Bancorp will post 2.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be given a dividend of $0.22 per share. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 3.51%. Fifth Third Bancorp’s payout ratio is currently 32.84%.

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Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

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Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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