Fifth Third Bancorp (FITB) Stake Raised by Aviva PLC

Aviva PLC boosted its stake in Fifth Third Bancorp (NASDAQ:FITB) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 500,672 shares of the financial services provider’s stock after buying an additional 38,155 shares during the period. Aviva PLC owned about 0.07% of Fifth Third Bancorp worth $13,508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FITB. Duncker Streett & Co. Inc. increased its stake in Fifth Third Bancorp by 0.3% in the third quarter. Duncker Streett & Co. Inc. now owns 6,439 shares of the financial services provider’s stock valued at $132,000 after buying an additional 20 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in Fifth Third Bancorp by 0.3% in the third quarter. JFS Wealth Advisors LLC now owns 11,127 shares of the financial services provider’s stock valued at $228,000 after buying an additional 31 shares during the last quarter. Budros Ruhlin & Roe Inc. increased its stake in Fifth Third Bancorp by 0.4% in the third quarter. Budros Ruhlin & Roe Inc. now owns 10,473 shares of the financial services provider’s stock valued at $214,000 after buying an additional 38 shares during the last quarter. Washington Trust Bank increased its stake in Fifth Third Bancorp by 0.4% in the third quarter. Washington Trust Bank now owns 21,687 shares of the financial services provider’s stock valued at $444,000 after buying an additional 79 shares during the last quarter. Finally, Bollard Group LLC increased its stake in Fifth Third Bancorp by 0.7% in the third quarter. Bollard Group LLC now owns 17,599 shares of the financial services provider’s stock valued at $360,000 after buying an additional 125 shares during the last quarter. 81.97% of the stock is owned by institutional investors.

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

Fifth Third Bancorp (NASDAQ:FITB) traded up 0.15% on Thursday, reaching $27.60. The company had a trading volume of 3,509,023 shares. The company’s 50-day moving average is $26.69 and its 200-day moving average is $23.27. Fifth Third Bancorp has a 52-week low of $14.56 and a 52-week high of $27.88. The company has a market capitalization of $20.71 billion, a PE ratio of 14.30 and a beta of 1.29.

This article was originally published by and is the sole property of Zolmax. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://zolmax.com/investing/fifth-third-bancorp-fitb-stake-raised-by-aviva-plc/1206586.html

Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Tuesday, January 24th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. Fifth Third Bancorp had a return on equity of 10.15% and a net margin of 22.53%. During the same period in the prior year, the company posted $0.79 EPS. Equities analysts anticipate that Fifth Third Bancorp will post $1.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were paid a $0.14 dividend. This is an increase from Fifth Third Bancorp’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Wednesday, December 28th. Fifth Third Bancorp’s dividend payout ratio (DPR) is 28.87%.

“Fifth Third Bancorp (FITB) Stake Raised by Aviva PLC” was first reported by Zolmax and is the sole property of of Zolmax. If you are reading this story on another website, it was stolen and republished in violation of US & international trademark and copyright law. The correct version of this story can be accessed at https://zolmax.com/investing/fifth-third-bancorp-fitb-stake-raised-by-aviva-plc/1206586.html.

FITB has been the subject of several recent research reports. Robert W. Baird downgraded Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from $19.00 to $21.00 in a report on Wednesday, November 16th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Fifth Third Bancorp in a report on Tuesday, January 24th. Zacks Investment Research upgraded shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Monday, January 9th. Deutsche Bank AG boosted their target price on shares of Fifth Third Bancorp from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, November 30th. Finally, Wedbush boosted their target price on shares of Fifth Third Bancorp from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, November 30th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.34.

About Fifth Third Bancorp

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.

5 Day Chart for NASDAQ:FITB

Want to see what other hedge funds are holding FITB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fifth Third Bancorp (NASDAQ:FITB).

Receive News & Ratings for Fifth Third Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fifth Third Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Intuitive Surgical’s  Buy Rating Reaffirmed at Barclays PLC
Intuitive Surgical’s Buy Rating Reaffirmed at Barclays PLC
Norges Bank Acquires Shares of 521,077 Ryder System, Inc.
Norges Bank Acquires Shares of 521,077 Ryder System, Inc.
Teachers Retirement System of The State of Kentucky Sells 900 Shares of Minerals Technologies Inc
Teachers Retirement System of The State of Kentucky Sells 900 Shares of Minerals Technologies Inc
Care Capital Properties Inc  Position Boosted by Thrivent Financial for Lutherans
Care Capital Properties Inc Position Boosted by Thrivent Financial for Lutherans
Putnam Investments LLC Has $436,000 Position in Fifth Third Bancorp
Putnam Investments LLC Has $436,000 Position in Fifth Third Bancorp
Thrivent Financial for Lutherans Buys 1,510 Shares of Activision Blizzard, Inc.
Thrivent Financial for Lutherans Buys 1,510 Shares of Activision Blizzard, Inc.


Leave a Reply

 
© 2006-2017 Zolmax.