Vontobel Holding Ltd. Purchases 6,774 Shares of Fifth Third Bancorp (NASDAQ:FITB)

Vontobel Holding Ltd. increased its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 79.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,305 shares of the financial services provider's stock after acquiring an additional 6,774 shares during the quarter. Vontobel Holding Ltd.'s holdings in Fifth Third Bancorp were worth $647,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Asset Management One Co. Ltd. grew its position in Fifth Third Bancorp by 3.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 265,622 shares of the financial services provider's stock worth $11,395,000 after buying an additional 8,144 shares in the last quarter. Kentucky Trust Co purchased a new position in Fifth Third Bancorp during the fourth quarter worth about $987,000. Axecap Investments LLC grew its position in Fifth Third Bancorp by 7.7% during the fourth quarter. Axecap Investments LLC now owns 54,391 shares of the financial services provider's stock worth $2,300,000 after buying an additional 3,873 shares in the last quarter. Sapient Capital LLC grew its position in Fifth Third Bancorp by 1,334.4% during the fourth quarter. Sapient Capital LLC now owns 302,550 shares of the financial services provider's stock worth $12,904,000 after buying an additional 281,458 shares in the last quarter. Finally, Equitable Trust Co. purchased a new position in Fifth Third Bancorp during the fourth quarter worth about $725,000. 83.79% of the stock is currently owned by institutional investors.

Fifth Third Bancorp Price Performance

Shares of Fifth Third Bancorp stock traded down $0.73 during trading on Friday, reaching $42.88. 1,587,016 shares of the stock traded hands, compared to its average volume of 4,503,016. The company has a market capitalization of $28.75 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.44 and a beta of 1.23. Fifth Third Bancorp has a 52-week low of $33.03 and a 52-week high of $49.07. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.80 and a quick ratio of 0.80. The business has a fifty day simple moving average of $43.55 and a two-hundred day simple moving average of $43.58.

Fifth Third Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 3.45%. Fifth Third Bancorp's dividend payout ratio is currently 47.13%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Royal Bank of Canada restated an "outperform" rating and set a $47.00 target price on shares of Fifth Third Bancorp in a research report on Monday, February 10th. Keefe, Bruyette & Woods boosted their target price on Fifth Third Bancorp from $45.00 to $51.00 and gave the stock a "market perform" rating in a research 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 note on Wednesday, January 22nd. Barclays lifted their price target on Fifth Third Bancorp from $51.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Finally, StockNews.com lowered Fifth Third Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Fifth Third Bancorp presently has a consensus rating of "Hold" and a consensus price target of $46.75.

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.