Fifth Third Bancorp (NASDAQ:FITB) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its stake in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 44.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,552 shares of the financial services provider's stock after purchasing an additional 19,665 shares during the quarter. Mizuho Securities USA LLC's holdings in Fifth Third Bancorp were worth $2,687,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. PL Capital Advisors LLC lifted its stake in shares of 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 purchasing an additional 1,816,320 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of Fifth Third Bancorp during the 4th quarter worth approximately $53,508,000. Raymond James Financial Inc. acquired a new stake in shares of Fifth Third Bancorp in the 4th quarter worth approximately $38,971,000. Boston Partners increased its stake in Fifth Third Bancorp by 6.2% in the 4th quarter. Boston Partners now owns 14,135,430 shares of the financial services provider's stock valued at $597,692,000 after purchasing an additional 823,803 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Fifth Third Bancorp by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,586,847 shares of the financial services provider's stock worth $912,692,000 after purchasing an additional 812,385 shares during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Activity at Fifth Third Bancorp

In related news, 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 transaction of $945,035.00. Following the completion of the sale, the executive vice president now directly owns 130,856 shares of the company's stock, valued at approximately $5,698,778.80. This trade represents a 14.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO James C. Leonard sold 17,200 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $44.26, for a total transaction of $761,272.00. Following the completion of the transaction, the chief operating officer now owns 244,487 shares in the company, valued at $10,820,994.62. This represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FITB shares. Royal Bank of Canada restated an "outperform" rating and issued a $47.00 price target on shares of Fifth Third Bancorp in a research report on Monday, February 10th. Keefe, Bruyette & Woods raised their target price 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. DA Davidson upped their price target on shares of Fifth Third Bancorp from $49.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Barclays increased their price target on shares of Fifth Third Bancorp from $51.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Finally, Citigroup dropped their price target on Fifth Third Bancorp from $52.00 to $43.00 and set a "neutral" rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $46.86.

Fifth Third Bancorp Stock Down 1.0 %

Fifth Third Bancorp stock traded down $0.40 during trading on Thursday, reaching $39.77. 3,003,879 shares of the company's stock were exchanged, compared to its average volume of 4,220,632. The company's 50-day moving average is $42.29 and its two-hundred day moving average is $43.51. 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 has a 52-week low of $33.82 and a 52-week high of $49.07. The firm has a market cap of $26.57 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.42 and a beta of 1.21.

Fifth Third Bancorp Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.72%. Fifth Third Bancorp's dividend payout ratio (DPR) is currently 47.13%.

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.