Fifth Third Bancorp (NASDAQ:FITB) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. reduced its stake in shares of Fifth Third Bancorp (NASDAQ:FITB) by 21.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,853 shares of the financial services provider’s stock after selling 797 shares during the period. GHP Investment Advisors Inc.’s holdings in Fifth Third Bancorp were worth $98,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB lifted its stake in shares of Fifth Third Bancorp by 57.5% during the fourth quarter. Nordea Investment Management AB now owns 737,397 shares of the financial services provider’s stock worth $25,551,000 after buying an additional 269,152 shares during the period. Raymond James & Associates lifted its position in Fifth Third Bancorp by 11.7% during the fourth quarter. Raymond James & Associates now owns 661,215 shares of the financial services provider’s stock valued at $22,805,000 after purchasing an additional 69,273 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Fifth Third Bancorp by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 14,860,365 shares of the financial services provider’s stock valued at $376,413,000 after purchasing an additional 393,937 shares during the period. Natixis Advisors L.P. lifted its position in Fifth Third Bancorp by 4.3% during the third quarter. Natixis Advisors L.P. now owns 671,803 shares of the financial services provider’s stock valued at $17,017,000 after purchasing an additional 27,610 shares during the period. Finally, National Bank of Canada FI lifted its position in Fifth Third Bancorp by 460.8% during the third quarter. National Bank of Canada FI now owns 675,898 shares of the financial services provider’s stock valued at $16,559,000 after purchasing an additional 555,375 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fifth Third Bancorp

In other Fifth Third Bancorp news, COO James C. Leonard sold 26,500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $36.66, for a total value of $971,490.00. Following the completion of the sale, the chief operating officer now owns 229,344 shares in the company, valued at approximately $8,407,751.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Fifth Third Bancorp news, COO James C. Leonard sold 26,500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $36.66, for a total value of $971,490.00. Following the completion of the sale, the chief operating officer now owns 229,344 shares in the company, valued at approximately $8,407,751.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jude Schramm sold 5,000 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $36.38, for a total transaction of $181,900.00. Following the completion of the sale, the executive vice president now owns 139,422 shares of the company’s stock, valued at approximately $5,072,172.36. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Fifth Third Bancorp Stock Down 0.9 %

FITB opened at $34.53 on Friday. Fifth Third Bancorp has a twelve month low of $22.46 and a twelve month high of $37.41. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $35.09 and a 200 day moving average price of $31.49. The company has a market cap of $23.52 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.22. Fifth Third Bancorp had a net margin of 18.58% and a return on equity of 16.25%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. Sell-side analysts expect that Fifth Third Bancorp will post 3.19 earnings per share for the current fiscal year.

Fifth Third Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a yield of 4.05%. Fifth Third Bancorp’s payout ratio is 43.34%.

Analyst Ratings Changes

A number of research firms recently issued reports on FITB. Wells Fargo & Company boosted their target price on shares of Fifth Third Bancorp from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. UBS Group restated a “neutral” rating and set a $39.00 target price (down from $42.00) on shares of Fifth Third Bancorp in a research report on Thursday, April 4th. Royal Bank of Canada upped their price objective on shares of Fifth Third Bancorp from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Stephens reiterated an “equal weight” rating and issued a $41.00 price objective on shares of Fifth Third Bancorp in a research report on Tuesday, March 19th. Finally, Barclays upped their price objective on shares of Fifth Third Bancorp from $34.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $35.63.

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.