Jones Financial Companies Lllp Has $58,000 Holdings in Fifth Third Bancorp (NASDAQ:FITB)

Jones Financial Companies Lllp raised its holdings in Fifth Third Bancorp (NASDAQ:FITBFree Report) by 327.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,675 shares of the financial services provider’s stock after buying an additional 1,283 shares during the period. Jones Financial Companies Lllp’s holdings in Fifth Third Bancorp were worth $58,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in Fifth Third Bancorp by 8.4% during the 3rd quarter. Invesco Ltd. now owns 19,428,232 shares of the financial services provider’s stock valued at $492,117,000 after purchasing an additional 1,500,653 shares during the last quarter. Boston Partners lifted its stake in shares of Fifth Third Bancorp by 11.5% during the 4th quarter. Boston Partners now owns 14,575,735 shares of the financial services provider’s stock worth $502,719,000 after buying an additional 1,499,194 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Fifth Third Bancorp by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,247,695 shares of the financial services provider’s stock worth $318,979,000 after buying an additional 393,489 shares during the period. Norges Bank acquired a new position in Fifth Third Bancorp in the 4th quarter valued at about $257,189,000. Finally, Northern Trust Corp raised its holdings in Fifth Third Bancorp by 3.9% in the 3rd quarter. Northern Trust Corp now owns 6,774,568 shares of the financial services provider’s stock valued at $171,600,000 after acquiring an additional 253,405 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Fifth Third Bancorp Trading Down 0.7 %

FITB opened at $36.11 on Friday. The company has a market cap of $24.70 billion, a P/E ratio of 11.46, a PEG ratio of 2.50 and a beta of 1.24. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $36.76 and its 200-day moving average is $34.77. Fifth Third Bancorp has a 1-year low of $22.49 and a 1-year high of $39.14.

Fifth Third Bancorp (NASDAQ:FITBGet Free Report) last issued its earnings results on Friday, April 19th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. Fifth Third Bancorp had a net margin of 17.70% and a return on equity of 16.11%. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the business posted $0.78 earnings per share. Equities research analysts predict that Fifth Third Bancorp will post 3.27 earnings per share for the current fiscal year.

Fifth Third Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.35 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 3.88%. Fifth Third Bancorp’s dividend payout ratio is presently 44.44%.

Insider Activity

In other news, COO James C. Leonard sold 26,500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $36.66, for a total value of $971,490.00. Following the completion of the transaction, the chief operating officer now owns 229,344 shares of the company’s stock, valued at $8,407,751.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Fifth Third Bancorp news, EVP Jude Schramm sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $37.50, for a total value of $93,750.00. Following the sale, the executive vice president now owns 136,922 shares in the company, valued at approximately $5,134,575. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 directly owns 229,344 shares of the company’s stock, valued at approximately $8,407,751.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,857 shares of company stock valued at $1,787,638. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FITB. Stephens restated an “equal weight” rating and set a $41.00 price objective on shares of Fifth Third Bancorp in a report on Tuesday, March 19th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $40.00 price objective (up previously from $39.00) on shares of Fifth Third Bancorp in a research report on Monday, April 22nd. DA Davidson upped their price target on shares of Fifth Third Bancorp from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $36.00 price objective on shares of Fifth Third Bancorp in a research note on Monday, April 22nd. Finally, Wells Fargo & Company increased their target price on shares of Fifth Third Bancorp from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.86.

View Our Latest Stock Analysis on FITB

Fifth Third Bancorp Company Profile

(Free Report)

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.

Featured Stories

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:FITBFree Report).

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.