LSV Asset Management Has $203.91 Million Holdings in Fifth Third Bancorp (FITB)

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LSV Asset Management lessened its stake in Fifth Third Bancorp (NASDAQ:FITB) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,665,836 shares of the financial services provider’s stock after selling 339,300 shares during the period. LSV Asset Management owned 1.32% of Fifth Third Bancorp worth $203,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. UMB Bank N A MO boosted its holdings in Fifth Third Bancorp by 3.0% in the fourth quarter. UMB Bank N A MO now owns 17,881 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 522 shares in the last quarter. M&T Bank Corp boosted its holdings in Fifth Third Bancorp by 0.9% in the fourth quarter. M&T Bank Corp now owns 64,313 shares of the financial services provider’s stock worth $1,513,000 after acquiring an additional 549 shares in the last quarter. Heathbridge Capital Management Ltd. boosted its holdings in Fifth Third Bancorp by 4.3% in the fourth quarter. Heathbridge Capital Management Ltd. now owns 24,400 shares of the financial services provider’s stock worth $574,000 after acquiring an additional 1,000 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in Fifth Third Bancorp by 17.6% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,000 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Independence Bank of Kentucky boosted its holdings in Fifth Third Bancorp by 8.8% in the fourth quarter. Independence Bank of Kentucky now owns 15,674 shares of the financial services provider’s stock worth $369,000 after acquiring an additional 1,266 shares in the last quarter. Institutional investors own 82.67% of the company’s stock.

Shares of FITB stock opened at $26.56 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $17.33 billion, a P/E ratio of 10.46, a P/E/G ratio of 1.34 and a beta of 1.32. Fifth Third Bancorp has a twelve month low of $22.12 and a twelve month high of $34.67.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Fifth Third Bancorp had a return on equity of 12.34% and a net margin of 27.32%. During the same period last year, the business earned $0.48 earnings per share. As a group, equities analysts predict that Fifth Third Bancorp will post 2.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were given a dividend of $0.22 per share. This is a boost from Fifth Third Bancorp’s previous quarterly dividend of $0.18. This represents a $0.88 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Friday, December 28th. Fifth Third Bancorp’s dividend payout ratio (DPR) is currently 34.65%.

Several equities research analysts have weighed in on the company. BidaskClub downgraded Fifth Third Bancorp from a “hold” rating to a “sell” rating in a report on Monday, February 4th. ValuEngine downgraded Fifth Third Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. Bank of America set a $29.00 price target on Fifth Third Bancorp and gave the stock a “hold” rating in a report on Wednesday, January 23rd. Raymond James set a $30.00 price target on Fifth Third Bancorp and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Finally, Vining Sparks reissued a “buy” rating and issued a $36.00 price target on shares of Fifth Third Bancorp in a report on Tuesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $31.13.

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About Fifth Third Bancorp

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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Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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