Nisa Investment Advisors LLC Reduces Holding in Fifth Third Bancorp (NASDAQ:FITB)

Financial Advisors


Nisa Investment Advisors LLC cut its stock position in Fifth Third Bancorp (NASDAQ:FITB – Get Rating) by 1.8% in the fourth quarter, according to its latest 13F filing with the SEC. The company owned 394,164 shares of the financial services provider after selling 7,401 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of Fifth Third Bancorp worth $12,933,000 at the end of the most recent reporting period.

Many other big investors have also increased or decreased their stakes in FITB recently. Clarius Group LLC raised his Fifth Third Bancorp stock position by 3.9% in the third quarter. Clarius Group LLC now owns 10,134 shares of the financial services provider worth $324,000 after purchasing an additional 376 of his shares during this period. HB Wealth Management LLC increased its position in Fifth Third Bancorp by 10.3% in the third quarter. HB Wealth Management LLC now owns 10,558 shares of the financial services provider worth $337,000 after purchasing an additional 989 shares during this period. Texas Permanent School Fund increased its stake in Fifth Third Bancorp by 7.1% in the third quarter. The Texas Permanent School Fund now owns 97,091 shares of the financial services provider worth $3,103,000 after he bought an additional 6,470 shares last quarter. Boyd Watterson Asset Management LLC OH purchased his $36,000 worth of new shares in Fifth Third Bancorp in the fourth quarter. Finally, Tokio Marine Asset Management Co., Ltd. increased its stake in Fifth Third Bancorp by 9.6% in the fourth quarter. Tokio Marine Asset Management Co., Ltd. now owns 11,956 shares of the financial services provider worth $392,000 after acquiring an additional 1,046 shares last quarter. Currently 80.17% of the shares are owned by institutional investors and hedge funds.

Insider activity

In other Fifth Third Bancorp news, director Gary R. Hemminger purchased 33,000 shares of Fifth Third Bancorp stock in a transaction that took place on Monday, March 13. Shares were bought at an average price of $26.82 per share, with a total trading value of $885,060.00 for him. After the transaction, the directors now directly own 127,043 shares of the company, valued at $3,407,293.26. The acquisition is disclosed in documents filed with the Securities and Exchange Commission and available on his website at the SEC. In other Fifth Third Bancorp news, EVP Howard Hammond sold 1,000 shares of Fifth Third Bancorp stock in a transaction that took place on Tuesday, February 14th. The shares sold at an average price of $37.32, giving him a total of $37,320.00. After the transaction, the vice president now owns 49,202 shares in the company directly, valued at approximately $1,836,218.64. The sale is disclosed in documents filed with the Securities and Exchange Commission and available on his website at the SEC. In addition, director Gary R. Hemminger purchased 33,000 shares of the company in a transaction on Monday, March 13. Shares were purchased at an average price of $26.82 per share for a total of $885,060.00. Following the purchase, the directors now own directly 127,043 shares of the Company’s stock valued at $3,407,293.26. For disclosure of this purchase, please click here. A corporate insider owns his 0.66% of the company’s shares.

Wall Street Analyst Predicts Growth

Many analysts publish reports on stocks. Royal Bank of Canada lowered its target price on Fifth Third Bancorp shares from $42.00 to $36.00, giving it an “outperform” rating in its research notes on Friday, March 24. Morgan Stanley lowered its price target on Fifth Third Bancorp from $37.00 to $29.00 and set an “equal-weighted” rating in its research notes on Wednesday, April 5. Barclays lowered its price target for Fifth Third Bancorp from $47.00 to $36.00 in a research report on Wednesday 12 April, setting the company’s rating to ‘overweight’. Deutsche Bank Aktiengesellschaft lowered its price target for Fifth Third Bancorp from $44.00 to $37.00 in a research note on Friday 6 January. Finally, Keefe, Bruyette & Woods upgraded Fifth Third Bancorp from a ‘market perform’ rating to an ‘outperform’ rating and lowered its price target from $38.00 to $34.00 in its Wednesday, April 5 report. . One research analyst gave a sell rating, six gave a hold rating, and eight gave a buy rating. According to MarketBeat.com, Fifth Third Bancorp’s current consensus rating is “Hold” with an average price target of $36.97.

Fifth Third Bancorp Trading Down 0.6 %

NASDAQ FITB opened Friday at $27.84. The 5th Third Bancorp has a 12-month low of $22.11 and a 12-month high of $41.38. The company has a market capitalization of $18.96 billion, a price/earnings ratio of 8.29, a price/earnings ratio of 0.93 and a beta of 1.17. The company has a debt to equity ratio of 0.90, a current ratio of 0.78 and a quick ratio of 0.77. The company has a 50-day moving average price of $30.31 and a 200-day moving average price of $33.03.

Fifth Third Bancorp (NASDAQ:FITB – Get Rating) last published its quarterly earnings data on Thursday, January 19. The financial services provider posted earnings per share (EPS) of $1.01 for the quarter, beating consensus expectations of $0.99 by $0.02. The company’s revenue for the quarter was $2.31 billion, compared with analyst estimates of $2.34 billion. Fifth Third Bancorp’s return on equity was 15.48% and net profit margin was 26.15%. During the same quarter last year, the company posted earnings of $0.90 per share for him. On average, sell-side analysts expect Fifth Third Bancorp to post earnings of 3.55 per share in the current financial year.

Fifth Third Bancorp Announces Dividend

The company recently announced its quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31 were paid a dividend of $0.33. This represents his $1.32 dividend and his 4.74% yield on an annual basis. The ex-dividend date for this dividend was Thursday, March 30. Fifth Third Bancorp’s current payout ratio is 39.29%.

Fifth Third Bancorp Company Overview

(get rating)

Fifth Third Bancorp, through its subsidiary Fifth Third Bank, is engaged in the provision of banking and financial services, retail and commercial banking, consumer financial services and investment advisory services. It operates in the Commercial Banking, Branch Banking, Consumer Lending and Wealth and Asset Management segments.

References

Want to know which other hedge funds hold FITB? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Fifth Third Bancorp (NASDAQ:FITB – rated).

Fifth Third Bancorp (NASDAQ:FITB) Quarterly Institutional Ownership

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