Fifth Third Bancorp (NASDAQ:FITB) Shares Acquired by Arjuna Capital

Arjuna Capital boosted its stake in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 102.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,387 shares of the financial services provider's stock after purchasing an additional 8,786 shares during the period. Arjuna Capital's holdings in Fifth Third Bancorp were worth $735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OneDigital Investment Advisors LLC grew its holdings in shares of Fifth Third Bancorp by 1.1% in the third quarter. OneDigital Investment Advisors LLC now owns 20,505 shares of the financial services provider's stock valued at $878,000 after purchasing an additional 222 shares in the last quarter. Transamerica Financial Advisors Inc. grew its stake in Fifth Third Bancorp by 7.5% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 3,332 shares of the financial services provider's stock worth $143,000 after acquiring an additional 232 shares in the last quarter. Eads & Heald Wealth Management grew its stake in Fifth Third Bancorp by 3.0% in the fourth quarter. Eads & Heald Wealth Management now owns 8,201 shares of the financial services provider's stock worth $347,000 after purchasing an additional 235 shares in the last quarter. Valley National Advisers Inc. grew its position in shares of Fifth Third Bancorp by 3.6% during the 4th quarter. Valley National Advisers Inc. now owns 6,763 shares of the financial services provider's stock worth $285,000 after buying an additional 236 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Fifth Third Bancorp by 4.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 5,475 shares of the financial services provider's stock valued at $231,000 after purchasing an additional 246 shares during the period. 83.79% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms have issued reports on FITB. Royal Bank of Canada reiterated an "outperform" rating and issued a $47.00 target price on shares of Fifth Third Bancorp in a research note on Monday, February 10th. Keefe, Bruyette & Woods upped their price objective on shares of Fifth Third Bancorp from $45.00 to $51.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Citigroup lifted their price target on Fifth Third Bancorp from $43.00 to $52.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Barclays upped their price objective on shares of Fifth Third Bancorp from $51.00 to $56.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Finally, Stephens reiterated an "equal weight" rating and set a $51.00 target price on shares of Fifth Third Bancorp in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $47.31.

Fifth Third Bancorp Trading Up 0.8 %

NASDAQ:FITB traded up $0.30 on Wednesday, reaching $38.53. The company's stock had a trading volume of 4,786,020 shares, compared to its average volume of 4,782,978. The firm has a market cap of $25.74 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.82. Fifth Third Bancorp has a 12-month low of $33.82 and a 12-month high of $49.07. The stock has a 50 day moving average price of $43.08 and a 200 day moving average price of $43.77.

Insider Buying and Selling at Fifth Third Bancorp

In related news, COO James C. Leonard sold 17,200 shares of Fifth Third Bancorp stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $44.26, for a total value of $761,272.00. Following the completion of the transaction, the chief operating officer now owns 244,487 shares in the company, valued at approximately $10,820,994.62. The trade was a 6.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kevin P. Lavender sold 21,700 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $43.55, for a total value of $945,035.00. Following the sale, the executive vice president now directly owns 130,856 shares in the company, valued at $5,698,778.80. This represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Fifth Third Bancorp Company Profile

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.