Invesco Ltd. Has $713.43 Million Stock Holdings in Fifth Third Bancorp (NASDAQ:FITB)

Invesco Ltd. lowered its position in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,873,979 shares of the financial services provider's stock after selling 765,387 shares during the quarter. Invesco Ltd. owned about 2.52% of Fifth Third Bancorp worth $713,432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Common Asset Management LLC raised its position in shares of Fifth Third Bancorp by 12.4% during the 4th quarter. Boston Common Asset Management LLC now owns 309,350 shares of the financial services provider's stock valued at $13,079,000 after acquiring an additional 34,203 shares in the last quarter. Boston Partners boosted its holdings in Fifth Third Bancorp by 6.2% in the fourth quarter. Boston Partners now owns 14,135,430 shares of the financial services provider's stock worth $597,692,000 after purchasing an additional 823,803 shares during the period. AMJ Financial Wealth Management increased its stake in Fifth Third Bancorp by 4.2% during the fourth quarter. AMJ Financial Wealth Management now owns 232,803 shares of the financial services provider's stock valued at $9,843,000 after purchasing an additional 9,401 shares during the last quarter. Banco Santander S.A. acquired a new stake in shares of Fifth Third Bancorp during the fourth quarter worth $357,000. Finally, Lockheed Martin Investment Management Co. bought a new position in shares of Fifth Third Bancorp in the 4th quarter worth about $9,878,000. Institutional investors and hedge funds own 83.79% of the company's stock.

Analysts Set New Price Targets

FITB has been the subject of a number of recent research reports. Baird R W raised shares of Fifth Third Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Piper Sandler reaffirmed an "overweight" rating and set a $53.00 target price (down from $54.00) on shares of Fifth Third Bancorp in a report on Wednesday, January 22nd. Robert W. Baird raised Fifth Third Bancorp from a "neutral" rating to an "outperform" rating and set a $47.00 price target on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on Fifth Third Bancorp from $49.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Finally, Stephens reaffirmed an "equal weight" rating and issued 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, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $48.12.

Fifth Third Bancorp Trading Up 0.0 %

FITB traded up $0.01 during trading on Friday, reaching $33.84. The company had a trading volume of 5,836,563 shares, 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 firm's 50-day simple moving average is $40.10 and its 200 day simple moving average is $42.94. The company has a market cap of $22.61 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 1.42 and a beta of 0.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.80 and a current ratio of 0.80.

Fifth Third Bancorp Dividend Announcement

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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Monday, March 31st. Fifth Third Bancorp's dividend payout ratio (DPR) is presently 47.13%.

Insider Activity at Fifth Third Bancorp

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

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.