Bank of America Corp DE Acquires 2,293,939 Shares of Fifth Third Bancorp $FITB

Bank of America Corp DE raised its holdings in Fifth Third Bancorp (NASDAQ:FITB) by 16.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,037,185 shares of the financial services provider’s stock after acquiring an additional 2,293,939 shares during the period. Bank of America Corp DE owned approximately 2.43% of Fifth Third Bancorp worth $714,457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Empowered Funds LLC lifted its position in Fifth Third Bancorp by 7.1% during the first quarter. Empowered Funds LLC now owns 13,864 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 916 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Fifth Third Bancorp by 40.5% in the 1st quarter. Woodline Partners LP now owns 56,592 shares of the financial services provider’s stock worth $2,218,000 after buying an additional 16,323 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Fifth Third Bancorp by 25.8% in the 2nd quarter. Allworth Financial LP now owns 12,232 shares of the financial services provider’s stock worth $503,000 after buying an additional 2,507 shares during the last quarter. Vise Technologies Inc. purchased a new stake in shares of Fifth Third Bancorp during the 2nd quarter valued at $321,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Fifth Third Bancorp by 5.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,051,189 shares of the financial services provider’s stock valued at $125,495,000 after buying an additional 145,587 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

FITB has been the subject of several research reports. Piper Sandler upped their target price on shares of Fifth Third Bancorp from $50.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods raised their price target on Fifth Third Bancorp from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. Barclays lifted their price target on Fifth Third Bancorp from $51.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Morgan Stanley upped their price objective on Fifth Third Bancorp from $60.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company increased their price objective on Fifth Third Bancorp from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.99.

Key Headlines Impacting Fifth Third Bancorp

Here are the key news stories impacting Fifth Third Bancorp this week:

• Positive Sentiment: JPMorgan initiated coverage with an “Overweight” rating and a $50.50 price target (~14.5% upside vs. the current price), supplying fresh institutional support and a bullish benchmark for the stock. Benzinga
• Positive Sentiment: Consensus broker view is constructive: brokerages assign an average rating of “Moderate Buy,” which supports demand among buy-side investors. Average Rating Article
• Neutral Sentiment: Coverage in consumer outlets highlights Fifth Third’s money-market rates drawing attention — this can help deposit gathering and customer flows but also signals higher deposit costs that could pressure net interest margin. Why are Fifth Third money market rates suddenly getting attention? Money market rates today
• Neutral Sentiment: Market commentary and analyst roundups (24/7 Wall St.) list FITB among notable analyst calls, keeping it on traders’ radars ahead of earnings/strategy updates. Analyst research calls
• Neutral Sentiment: Analysis pieces assess FITB’s valuation profile (e.g., being treated like a cyclical bank) and how that shapes investor expectations — useful for positioning but not an immediate catalyst. Why FITB Is Still Priced Like a Cyclical Bank
• Neutral Sentiment: Coverage on the Comerica-related deal frames potential changes to Fifth Third’s growth and valuation story — strategic developments to watch for longer-term impact. Comerica deal analysis
• Negative Sentiment: Shareholder litigation risk: Lowey Dannenberg has opened an investigation into potential breaches of fiduciary duty by FITB’s board — this raises legal/ governance uncertainty and could be a near-term overhang. Shareholder Alert
• Negative Sentiment: Truist trimmed its price target to $53.00, a downgrade in projection that could temper upside expectations despite the PT remaining above the current price. Truist Cuts PT

Fifth Third Bancorp Stock Performance

Fifth Third Bancorp stock opened at $44.10 on Tuesday. The firm has a fifty day simple moving average of $50.36 and a two-hundred day simple moving average of $46.59. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.68. Fifth Third Bancorp has a twelve month low of $32.25 and a twelve month high of $55.44. The company has a market capitalization of $39.94 billion, a PE ratio of 12.46, a P/E/G ratio of 0.88 and a beta of 0.96.

Fifth Third Bancorp Profile

Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.

On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.