Blair William & Co. IL Has $1.67 Million Stock Position in Fifth Third Bancorp (NASDAQ:FITB)

Blair William & Co. IL lessened its position in Fifth Third Bancorp (NASDAQ:FITB) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,689 shares of the financial services provider’s stock after selling 3,657 shares during the period. Blair William & Co. IL’s holdings in Fifth Third Bancorp were worth $1,667,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Waterloo Capital L.P. grew its stake in Fifth Third Bancorp by 7.9% in the 2nd quarter. Waterloo Capital L.P. now owns 83,363 shares of the financial services provider’s stock valued at $3,042,000 after buying an additional 6,085 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Fifth Third Bancorp by 10.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 84,578 shares of the financial services provider’s stock valued at $3,059,000 after purchasing an additional 7,932 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Fifth Third Bancorp by 8.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 97,636 shares of the financial services provider’s stock worth $3,563,000 after purchasing an additional 7,906 shares during the period. Edgestream Partners L.P. boosted its position in shares of Fifth Third Bancorp by 650.0% during the 2nd quarter. Edgestream Partners L.P. now owns 102,444 shares of the financial services provider’s stock worth $3,738,000 after acquiring an additional 88,784 shares in the last quarter. Finally, Lmcg Investments LLC increased its stake in shares of Fifth Third Bancorp by 2.7% in the 2nd quarter. Lmcg Investments LLC now owns 225,706 shares of the financial services provider’s stock valued at $8,236,000 after purchasing an additional 5,888 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Fifth Third Bancorp Stock Down 0.9 %

FITB stock opened at $42.84 on Tuesday. Fifth Third Bancorp has a 1-year low of $22.49 and a 1-year high of $43.85. The stock’s fifty day simple moving average is $41.24 and its two-hundred day simple moving average is $38.22. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. The stock has a market cap of $29.30 billion, a P/E ratio of 13.60, a P/E/G ratio of 1.93 and a beta of 1.22.

Fifth Third Bancorp (NASDAQ:FITB) last issued its earnings results on Friday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). The firm had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $2.11 billion. Fifth Third Bancorp had a net margin of 17.41% and a return on equity of 15.79%. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Analysts expect that Fifth Third Bancorp will post 3.3 EPS for the current year.

Fifth Third Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.37 dividend. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Monday, September 30th. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 46.98%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Fifth Third Bancorp from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Stephens restated an “equal weight” rating and set a $41.00 price target on shares of Fifth Third Bancorp in a report on Tuesday, June 11th. Evercore ISI lowered their price objective on Fifth Third Bancorp from $42.00 to $41.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. Argus lifted their price objective on shares of Fifth Third Bancorp from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Bank of America upped their price target on Fifth Third Bancorp from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.16.

Insiders Place Their Bets

In related news, EVP Jude Schramm sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $40.00, for a total transaction of $100,000.00. Following the sale, the executive vice president now owns 134,422 shares of the company’s stock, valued at approximately $5,376,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Mitchell Stuart Feiger sold 12,000 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $41.21, for a total transaction of $494,520.00. Following the completion of the transaction, the director now owns 20,961 shares of the company’s stock, valued at $863,802.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jude Schramm sold 2,500 shares of Fifth Third Bancorp stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $40.00, for a total transaction of $100,000.00. Following the sale, the executive vice president now owns 134,422 shares of the company’s stock, valued at $5,376,880. The disclosure for this sale can be found here. Insiders sold a total of 54,500 shares of company stock worth $2,269,920 in the last quarter. 0.50% of the stock is owned by company insiders.

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.