Fifth Third Bancorp (NASDAQ:FITB) Stock Holdings Lessened by National Pension Service

National Pension Service lessened its stake in Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,062,783 shares of the financial services provider's stock after selling 93,779 shares during the quarter. National Pension Service owned about 0.16% of Fifth Third Bancorp worth $44,934,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in Fifth Third Bancorp during the 4th quarter valued at $25,000. Venturi Wealth Management LLC lifted its stake in shares of Fifth Third Bancorp by 89.5% in the third quarter. Venturi Wealth Management LLC now owns 669 shares of the financial services provider's stock worth $29,000 after acquiring an additional 316 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Fifth Third Bancorp during the 4th quarter valued at approximately $28,000. BankPlus Trust Department purchased a new stake in Fifth Third Bancorp during the 4th quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Fifth Third Bancorp in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.79% of the company's stock.

Insider Transactions 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 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 sale, the chief operating officer now owns 244,487 shares of the company's stock, valued at $10,820,994.62. The trade was a 6.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin P. Lavender sold 21,700 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 130,856 shares of the company's stock, valued at approximately $5,698,778.80. The trade was a 14.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Piper Sandler reissued an "overweight" rating and set a $53.00 price target (down previously from $54.00) on shares of Fifth Third Bancorp in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their price objective 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. Barclays boosted their target price on shares of Fifth Third Bancorp from $51.00 to $56.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. DA Davidson increased their price target on shares of Fifth Third Bancorp from $49.00 to $50.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Finally, Citigroup boosted their price objective on Fifth Third Bancorp from $43.00 to $52.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $46.75.

Fifth Third Bancorp Stock Performance

NASDAQ:FITB traded down $0.42 during mid-day trading on Monday, hitting $43.05. The stock had a trading volume of 4,661,192 shares, compared to its average volume of 4,526,991. 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 company has a 50 day simple moving average of $43.43 and a 200-day simple moving average of $43.80. The stock has a market capitalization of $28.65 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.42 and a beta of 1.23. Fifth Third Bancorp has a 52 week low of $33.82 and a 52 week high of $49.07.

Fifth Third Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.37 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.44%. Fifth Third Bancorp's dividend payout ratio (DPR) is presently 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.