M Holdings Securities Inc. Acquires Shares of 13,470 Fifth Third Bancorp (NASDAQ:FITB)

M Holdings Securities Inc. acquired a new stake in shares of Fifth Third Bancorp (NASDAQ:FITBGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,470 shares of the financial services provider’s stock, valued at approximately $580,000.

Other institutional investors also recently made changes to their positions in the company. Riverview Trust Co bought a new position in shares of Fifth Third Bancorp during the first quarter valued at approximately $28,000. Johnson Financial Group Inc. bought a new position in shares of Fifth Third Bancorp during the fourth quarter valued at approximately $31,000. Wagner Wealth Management LLC grew its holdings in shares of Fifth Third Bancorp by 82.5% during the fourth quarter. Wagner Wealth Management LLC now owns 794 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 359 shares during the last quarter. Covestor Ltd bought a new position in shares of Fifth Third Bancorp during the fourth quarter valued at approximately $37,000. Finally, James Reed Financial Services Inc. bought a new position in shares of Fifth Third Bancorp during the fourth quarter valued at approximately $42,000. 81.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley lowered their target price on Fifth Third Bancorp from $50.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, July 12th. Piper Sandler decreased their price objective on Fifth Third Bancorp to $40.00 in a report on Friday, July 22nd. The Goldman Sachs Group decreased their price objective on Fifth Third Bancorp from $55.00 to $47.50 and set a “buy” rating for the company in a report on Tuesday, May 31st. Jefferies Financial Group decreased their price objective on Fifth Third Bancorp from $47.00 to $39.00 in a report on Monday, July 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Fifth Third Bancorp from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, September 12th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.47.

Insider Activity

In other news, Director Mitchell Feiger sold 8,734 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $35.20, for a total value of $307,436.80. Following the completion of the sale, the director now owns 11,030 shares in the company, valued at $388,256. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Fifth Third Bancorp Price Performance

Shares of NASDAQ:FITB opened at $35.03 on Friday. Fifth Third Bancorp has a one year low of $31.80 and a one year high of $50.64. The stock has a fifty day moving average of $34.77 and a 200-day moving average of $37.77. The company has a market capitalization of $24.04 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.20 and a beta of 1.25. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.75 and a current ratio of 0.76.

Fifth Third Bancorp (NASDAQ:FITBGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.11). Fifth Third Bancorp had a net margin of 29.09% and a return on equity of 12.99%. During the same period last year, the company posted $0.94 EPS. As a group, equities analysts anticipate that Fifth Third Bancorp will post 3.54 EPS for the current fiscal year.

Fifth Third Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.33 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.30. Fifth Third Bancorp’s dividend payout ratio is presently 36.25%.

Fifth Third Bancorp Profile

(Get Rating)

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.

Featured Articles

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:FITBGet Rating).

Institutional Ownership by Quarter 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.