UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $156.98 Million Holdings in Fifth Third Bancorp (NASDAQ:FITB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,664,243 shares of the financial services provider's stock after selling 53,606 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.55% of Fifth Third Bancorp worth $156,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Venturi Wealth Management LLC increased 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 valued at $29,000 after purchasing an additional 316 shares during the period. American Capital Advisory LLC bought a new position in shares of Fifth Third Bancorp in the second quarter valued at approximately $34,000. Hexagon Capital Partners LLC boosted its holdings in shares of Fifth Third Bancorp by 56.9% in the third quarter. Hexagon Capital Partners LLC now owns 860 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 312 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Fifth Third Bancorp in the third quarter valued at approximately $39,000. Finally, Family Firm Inc. bought a new position in shares of Fifth Third Bancorp in the second quarter valued at approximately $52,000. Institutional investors and hedge funds own 83.79% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on FITB shares. Wells Fargo & Company increased their price objective on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Citigroup increased their price objective on shares of Fifth Third Bancorp from $43.00 to $52.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. StockNews.com cut shares of Fifth Third Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, November 6th. Morgan Stanley raised their target price on shares of Fifth Third Bancorp from $47.00 to $51.00 and gave the stock an "equal weight" rating in a report on Monday, September 30th. Finally, Barclays raised their target price on shares of Fifth Third Bancorp from $43.00 to $51.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $43.62.

Fifth Third Bancorp Stock Down 0.2 %

FITB stock traded down $0.10 during midday trading on Friday, reaching $48.06. The company had a trading volume of 2,029,811 shares, compared to its average volume of 4,020,413. Fifth Third Bancorp has a 1 year low of $28.29 and a 1 year high of $49.07. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $32.23 billion, a P/E ratio of 15.97, a PEG ratio of 2.30 and a beta of 1.21. The company has a 50 day moving average of $44.70 and a two-hundred day moving average of $41.05.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last released its earnings results on Friday, October 18th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that Fifth Third Bancorp will post 3.34 earnings per share for the current fiscal year.

Fifth Third Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.37 dividend. This is an increase from Fifth Third Bancorp's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.08%. Fifth Third Bancorp's dividend payout ratio is presently 49.17%.

Insiders Place Their Bets

In other news, EVP Kristine R. Garrett sold 7,500 shares of the firm's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $43.67, for a total transaction of $327,525.00. Following the transaction, the executive vice president now owns 55,913 shares in the company, valued at approximately $2,441,720.71. This trade represents a 11.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.