Fifth Third Bancorp (NASDAQ:FITB) Stake Trimmed by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its position in Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 27.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 807,572 shares of the financial services provider's stock after selling 303,915 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.12% of Fifth Third Bancorp worth $34,596,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Venturi Wealth Management LLC grew its stake in Fifth Third Bancorp by 89.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 669 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 316 shares during the last quarter. American Capital Advisory LLC purchased a new stake in Fifth Third Bancorp in the second quarter valued at approximately $34,000. Hexagon Capital Partners LLC increased its holdings in Fifth Third Bancorp by 56.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 860 shares of the financial services provider's stock worth $37,000 after buying an additional 312 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Fifth Third Bancorp during the 3rd quarter valued at approximately $39,000. Finally, Family Firm Inc. acquired a new stake in shares of Fifth Third Bancorp in the second quarter worth $52,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Fifth Third Bancorp Stock Performance

NASDAQ:FITB opened at $47.90 on Friday. The company has a market cap of $32.12 billion, a P/E ratio of 15.91, a P/E/G ratio of 2.26 and a beta of 1.21. The firm's 50 day moving average is $44.17 and its two-hundred day moving average is $40.69. Fifth Third Bancorp has a fifty-two week low of $26.89 and a fifty-two week high of $48.10. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.92.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). Fifth Third Bancorp had a return on equity of 14.58% and a net margin of 16.58%. The business had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Fifth Third Bancorp's quarterly revenue was up 1.2% compared to the same quarter last year. Analysts expect that Fifth Third Bancorp will post 3.34 EPS for the current year.

Fifth Third Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.09%. This is a positive change from Fifth Third Bancorp's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, September 30th. Fifth Third Bancorp's payout ratio is presently 49.17%.

Analyst Ratings Changes

A number of analysts recently issued reports on FITB shares. Wells Fargo & Company increased their price target on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Evercore ISI boosted their price target on shares of Fifth Third Bancorp from $46.00 to $47.00 and gave the stock an "in-line" rating in a report on Wednesday, October 2nd. StockNews.com cut shares of Fifth Third Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, November 6th. Barclays boosted their price objective on Fifth Third Bancorp from $43.00 to $51.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Finally, Citigroup lifted their target price on shares of Fifth Third Bancorp from $43.00 to $52.00 and gave the stock a "neutral" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $43.62.

Insider Buying and Selling

In other news, EVP Kristine R. Garrett sold 7,500 shares of the business's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $43.67, for a total value of $327,525.00. Following the completion of the sale, the executive vice president now directly owns 55,913 shares in the company, valued at approximately $2,441,720.71. The trade was a 11.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jude Schramm sold 20,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $42.00, for a total transaction of $840,000.00. Following the sale, the executive vice president now directly owns 114,422 shares in the company, valued at $4,805,724. This trade represents a 14.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

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.