Fifth Third Bancorp (NASDAQ:FITB) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 816,116 shares of the financial services provider's stock after purchasing an additional 15,667 shares during the quarter. Natixis Advisors LLC owned about 0.12% of Fifth Third Bancorp worth $34,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in FITB. Charles Schwab Investment Management Inc. raised its stake in Fifth Third Bancorp by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,586,847 shares of the financial services provider's stock valued at $912,692,000 after buying an additional 812,385 shares during the last quarter. Franklin Resources Inc. raised its stake in Fifth Third Bancorp by 8.1% in the third quarter. Franklin Resources Inc. now owns 5,476,374 shares of the financial services provider's stock valued at $242,713,000 after buying an additional 409,292 shares during the last quarter. Davis Selected Advisers raised its stake in Fifth Third Bancorp by 0.4% in the fourth quarter. Davis Selected Advisers now owns 2,444,176 shares of the financial services provider's stock valued at $103,340,000 after buying an additional 8,640 shares during the last quarter. Smead Capital Management Inc. raised its stake in Fifth Third Bancorp by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,224,047 shares of the financial services provider's stock valued at $95,278,000 after buying an additional 75,024 shares during the last quarter. Finally, PL Capital Advisors LLC raised its stake in Fifth Third Bancorp by 4,128.0% in the fourth quarter. PL Capital Advisors LLC now owns 1,860,320 shares of the financial services provider's stock valued at $78,654,000 after buying an additional 1,816,320 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

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Analyst Ratings Changes

A number of research firms have commented on FITB. Keefe, Bruyette & Woods increased their price target on Fifth Third Bancorp from $45.00 to $51.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Royal Bank of Canada restated an "outperform" rating and issued a $47.00 price objective on shares of Fifth Third Bancorp in a research note on Monday, February 10th. Stephens restated an "equal weight" rating and issued a $51.00 price objective on shares of Fifth Third Bancorp in a research note on Wednesday, March 5th. Truist Financial raised their price objective on Fifth Third Bancorp from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Finally, DA Davidson raised their price objective on Fifth Third Bancorp from $49.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $47.36.

Fifth Third Bancorp Price Performance

FITB traded down $0.03 during trading on Thursday, hitting $39.43. The company's stock had a trading volume of 3,574,008 shares, compared to its average volume of 4,203,706. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82. Fifth Third Bancorp has a twelve month low of $33.82 and a twelve month high of $49.07. The business's fifty day simple moving average is $42.62 and its 200 day simple moving average is $43.61. The firm has a market capitalization of $26.34 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.42 and a beta of 1.21.

Fifth Third Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.75%. Fifth Third Bancorp's dividend payout ratio is presently 47.13%.

Insider Transactions at Fifth Third Bancorp

In other news, EVP Kevin P. Lavender sold 21,700 shares of Fifth Third Bancorp stock in a transaction that occurred 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 of the company's stock, valued at $5,698,778.80. The trade was a 14.22 % 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, 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 sale, the chief operating officer now directly owns 244,487 shares in the company, valued at $10,820,994.62. This represents a 6.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company's stock.

Fifth Third Bancorp 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.