U.S. Capital Wealth Advisors LLC Buys Shares of 31,700 Fifth Third Bancorp (NASDAQ:FITB)

U.S. Capital Wealth Advisors LLC bought a new position in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,700 shares of the financial services provider's stock, valued at approximately $1,340,000.

A number of other institutional investors also recently bought and sold shares of FITB. Retirement Wealth Solutions LLC acquired a new stake in shares of Fifth Third Bancorp during the 4th quarter worth about $25,000. Venturi Wealth Management LLC raised its holdings in Fifth Third Bancorp by 89.5% during the third quarter. Venturi Wealth Management LLC now owns 669 shares of the financial services provider's stock worth $29,000 after purchasing an additional 316 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Fifth Third Bancorp during the 3rd quarter worth approximately $36,000. Hexagon Capital Partners LLC grew its position in shares of Fifth Third Bancorp by 56.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 860 shares of the financial services provider's stock valued at $37,000 after buying an additional 312 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Fifth Third Bancorp in the third quarter valued at $39,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on FITB shares. Keefe, Bruyette & Woods raised their price objective on Fifth Third Bancorp from $45.00 to $51.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Truist Financial lifted their price target on Fifth Third Bancorp from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Piper Sandler reissued an "overweight" rating and issued a $53.00 price objective (down from $54.00) on shares of Fifth Third Bancorp in a report on Wednesday, January 22nd. Baird R W cut shares of Fifth Third Bancorp from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. Finally, Barclays increased their price target on shares of Fifth Third Bancorp from $51.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $46.75.

Fifth Third Bancorp Price Performance

Shares of Fifth Third Bancorp stock traded down $0.26 on Friday, hitting $44.04. The company's stock had a trading volume of 3,146,256 shares, compared to its average volume of 4,714,024. The company has a market capitalization of $29.53 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. Fifth Third Bancorp has a 52-week low of $32.29 and a 52-week high of $49.07. The firm has a fifty day moving average price of $44.06 and a 200-day moving average price of $43.43. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.82.

Fifth Third Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Tuesday, December 31st. Fifth Third Bancorp's dividend payout ratio is currently 47.13%.

Fifth Third Bancorp Company 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.