Aviva PLC Sells 59,788 Shares of Fifth Third Bancorp (NASDAQ:FITB)

Aviva PLC trimmed its position in Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 408,765 shares of the financial services provider's stock after selling 59,788 shares during the period. Aviva PLC owned approximately 0.06% of Fifth Third Bancorp worth $17,283,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Fifth Third Bancorp in the 4th quarter worth $25,000. Sierra Ocean LLC acquired a new stake in Fifth Third Bancorp in the fourth quarter valued at about $28,000. BankPlus Trust Department purchased a new stake in Fifth Third Bancorp in the 4th quarter valued at approximately $29,000. Legacy Investment Solutions LLC acquired a new position in Fifth Third Bancorp during the 3rd quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of Fifth Third Bancorp during the 4th quarter worth approximately $33,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fifth Third Bancorp

In other Fifth Third Bancorp news, COO James C. Leonard sold 17,200 shares of Fifth Third Bancorp stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 directly owns 244,487 shares in the company, valued at $10,820,994.62. The trade was a 6.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kevin P. Lavender sold 21,700 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $43.55, for a total value of $945,035.00. Following the completion of the sale, the executive vice president now owns 130,856 shares in the company, valued at $5,698,778.80. The trade was a 14.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

Fifth Third Bancorp Stock Up 0.0 %

FITB stock traded up $0.01 during midday trading on Friday, hitting $33.84. 5,836,563 shares of the company's stock were exchanged, compared to its average volume of 4,470,798. Fifth Third Bancorp has a 12-month low of $32.25 and a 12-month high of $49.07. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $22.61 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.42 and a beta of 0.99. The firm has a 50 day moving average price of $40.10 and a 200-day moving average price of $42.94.

Fifth Third Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Monday, March 31st. Fifth Third Bancorp's dividend payout ratio is currently 47.13%.

Analyst Upgrades and Downgrades

FITB has been the topic of several research analyst reports. Piper Sandler restated an "overweight" rating and set a $53.00 target price (down from $54.00) on shares of Fifth Third Bancorp in a research report on Wednesday, January 22nd. Citigroup decreased their price objective on Fifth Third Bancorp from $52.00 to $43.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Baird R W raised Fifth Third Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Morgan Stanley lowered their target price on shares of Fifth Third Bancorp from $57.00 to $52.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Robert W. Baird upgraded Fifth Third Bancorp from a "neutral" rating to an "outperform" rating and set a $47.00 price target for the company in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.12.

About Fifth Third Bancorp

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.