Fifth Third Bancorp (NASDAQ:FITB) Shares Sold by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC reduced its stake in shares of Fifth Third Bancorp (NASDAQ:FITB) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,237 shares of the financial services provider’s stock after selling 555 shares during the period. JFS Wealth Advisors LLC’s holdings in Fifth Third Bancorp were worth $433,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FITB. Exchange Traded Concepts LLC acquired a new position in Fifth Third Bancorp during the third quarter worth $69,000. Creative Planning boosted its position in shares of Fifth Third Bancorp by 1.8% during the 3rd quarter. Creative Planning now owns 236,317 shares of the financial services provider’s stock valued at $10,124,000 after acquiring an additional 4,116 shares during the last quarter. Vontobel Holding Ltd. increased its position in Fifth Third Bancorp by 5.3% during the third quarter. Vontobel Holding Ltd. now owns 8,531 shares of the financial services provider’s stock worth $365,000 after purchasing an additional 426 shares during the last quarter. Global Retirement Partners LLC raised its stake in Fifth Third Bancorp by 23.9% during the third quarter. Global Retirement Partners LLC now owns 9,325 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 1,796 shares during the period. Finally, Bleakley Financial Group LLC boosted its holdings in Fifth Third Bancorp by 5.7% in the 3rd quarter. Bleakley Financial Group LLC now owns 13,489 shares of the financial services provider’s stock valued at $578,000 after purchasing an additional 727 shares during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Fifth Third Bancorp Stock Up 1.1 %

Shares of Fifth Third Bancorp stock opened at $44.06 on Tuesday. 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 has a 52-week low of $33.03 and a 52-week high of $49.07. The company has a market capitalization of $29.54 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.44 and a beta of 1.23. The company has a 50 day moving average of $43.70 and a 200 day moving average of $43.52.

Fifth Third Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

FITB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price objective on Fifth Third Bancorp from $45.00 to $51.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company boosted their price target on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Baird R W cut shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. StockNews.com lowered Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Finally, Citigroup raised their price target on Fifth Third Bancorp from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fifth Third Bancorp presently has a consensus rating of “Hold” and an average target price of $46.75.

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.