WINTON GROUP Ltd lifted its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB – Get Rating) by 4.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,104 shares of the financial services provider’s stock after buying an additional 564 shares during the period. WINTON GROUP Ltd’s holdings in Fifth Third Bancorp were worth $407,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of FITB. Heartland Bank & Trust Co raised its holdings in Fifth Third Bancorp by 4.2% in the 2nd quarter. Heartland Bank & Trust Co now owns 7,392 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 296 shares during the period. Elo Mutual Pension Insurance Co boosted its position in shares of Fifth Third Bancorp by 0.6% during the 1st quarter. Elo Mutual Pension Insurance Co now owns 53,776 shares of the financial services provider’s stock worth $2,315,000 after acquiring an additional 316 shares in the last quarter. NorthRock Partners LLC boosted its position in Fifth Third Bancorp by 5.5% in the first quarter. NorthRock Partners LLC now owns 6,941 shares of the financial services provider’s stock valued at $299,000 after buying an additional 359 shares in the last quarter. Covestor Ltd boosted its position in Fifth Third Bancorp by 43.9% in the first quarter. Covestor Ltd now owns 1,219 shares of the financial services provider’s stock valued at $52,000 after buying an additional 372 shares in the last quarter. Finally, Founders Financial Alliance LLC boosted its position in Fifth Third Bancorp by 6.7% in the first quarter. Founders Financial Alliance LLC now owns 5,905 shares of the financial services provider’s stock valued at $254,000 after buying an additional 373 shares in the last quarter. 81.33% of the stock is currently owned by institutional investors and hedge funds.
In other Fifth Third Bancorp news, CEO Timothy Spence acquired 7,763 shares of Fifth Third Bancorp stock in a transaction dated Friday, October 21st. The stock was purchased at an average cost of $32.29 per share, for a total transaction of $250,667.27. Following the completion of the acquisition, the chief executive officer now directly owns 224,417 shares of the company’s stock, valued at $7,246,424.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Timothy Spence purchased 7,763 shares of the business’s stock in a transaction that occurred on Friday, October 21st. The shares were acquired at an average cost of $32.29 per share, for a total transaction of $250,667.27. Following the completion of the acquisition, the chief executive officer now owns 224,417 shares in the company, valued at $7,246,424.93. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert P. Shaffer sold 10,209 shares of the business’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $35.76, for a total transaction of $365,073.84. Following the transaction, the executive vice president now owns 69,534 shares in the company, valued at $2,486,535.84. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.
Analyst Upgrades and Downgrades
Fifth Third Bancorp Trading Up 0.8 %
FITB opened at $35.63 on Friday. Fifth Third Bancorp has a 1-year low of $30.92 and a 1-year high of $50.64. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.80. The company has a market cap of $24.46 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 1.24 and a beta of 1.21. The company has a fifty day moving average price of $34.36 and a two-hundred day moving average price of $35.07.
Fifth Third Bancorp (NASDAQ:FITB – Get Rating) last issued its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.07). Fifth Third Bancorp had a net margin of 27.47% and a return on equity of 13.98%. During the same quarter last year, the firm earned $0.94 EPS. Analysts predict that Fifth Third Bancorp will post 3.45 EPS for the current fiscal year.
Fifth Third Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were issued a dividend of $0.33 per share. This is a boost from Fifth Third Bancorp’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Thursday, September 29th. Fifth Third Bancorp’s dividend payout ratio (DPR) is currently 40.62%.
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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