Fifth Third Bancorp (NASDAQ:FITB) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in shares of Fifth Third Bancorp (NASDAQ:FITB) by 8.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 800,449 shares of the financial services provider’s stock after purchasing an additional 63,514 shares during the period. Natixis Advisors LLC owned approximately 0.12% of Fifth Third Bancorp worth $34,291,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FITB. Mizuho Securities USA LLC boosted its position in shares of Fifth Third Bancorp by 159.6% during the third quarter. Mizuho Securities USA LLC now owns 136,902 shares of the financial services provider’s stock worth $5,865,000 after buying an additional 84,157 shares during the period. Empowered Funds LLC lifted its stake in Fifth Third Bancorp by 1,079.8% during the 3rd quarter. Empowered Funds LLC now owns 125,799 shares of the financial services provider’s stock worth $5,389,000 after acquiring an additional 115,136 shares in the last quarter. Empirical Finance LLC boosted its holdings in Fifth Third Bancorp by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 23,606 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 498 shares during the period. Connable Office Inc. acquired a new position in Fifth Third Bancorp in the 3rd quarter valued at about $2,051,000. Finally, CIBC Asset Management Inc increased its stake in Fifth Third Bancorp by 6.3% during the third quarter. CIBC Asset Management Inc now owns 115,625 shares of the financial services provider’s stock worth $4,953,000 after purchasing an additional 6,864 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Buying and Selling at Fifth Third Bancorp

In other Fifth Third Bancorp news, EVP Kristine R. Garrett sold 7,500 shares of the company’s stock in a transaction dated 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 directly owns 55,913 shares in the company, valued at approximately $2,441,720.71. This represents a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jude Schramm sold 20,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $42.00, for a total value of $840,000.00. Following the completion of the sale, the executive vice president now directly owns 114,422 shares in the company, valued at $4,805,724. This trade represents a 14.88 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Fifth Third Bancorp Trading Down 0.6 %

NASDAQ FITB opened at $46.99 on Monday. Fifth Third Bancorp has a 12 month low of $26.89 and a 12 month high of $48.10. The company has a market capitalization of $31.51 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 2.25 and a beta of 1.21. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s fifty day moving average price is $43.61 and its 200 day moving average price is $40.41.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Friday, October 18th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. Fifth Third Bancorp had a return on equity of 14.58% and a net margin of 16.58%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. On average, sell-side 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.15%. The ex-dividend date was Monday, September 30th. This is a boost from Fifth Third Bancorp’s previous quarterly dividend of $0.35. Fifth Third Bancorp’s payout ratio is 49.17%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FITB. Morgan Stanley raised their price objective on shares of Fifth Third Bancorp from $47.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, September 30th. StockNews.com downgraded shares of Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Wells Fargo & Company increased their price objective on Fifth Third Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday. Argus boosted their target price on Fifth Third Bancorp from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Evercore ISI increased their price target on Fifth Third Bancorp from $46.00 to $47.00 and gave the company an “in-line” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.09.

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.