Aspire Private Capital LLC Has $356,000 Holdings in Fifth Third Bancorp (NASDAQ:FITB)

Aspire Private Capital LLC reduced its stake in Fifth Third Bancorp (NASDAQ:FITB) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,315 shares of the financial services provider’s stock after selling 550 shares during the quarter. Aspire Private Capital LLC’s holdings in Fifth Third Bancorp were worth $356,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FITB. Sage Mountain Advisors LLC boosted its holdings in Fifth Third Bancorp by 2.8% during the fourth quarter. Sage Mountain Advisors LLC now owns 32,376 shares of the financial services provider’s stock valued at $1,117,000 after acquiring an additional 875 shares during the period. Telemus Capital LLC bought a new stake in Fifth Third Bancorp during the 4th quarter valued at approximately $251,000. Keeler Thomas Management LLC boosted its stake in Fifth Third Bancorp by 2.9% during the 4th quarter. Keeler Thomas Management LLC now owns 156,373 shares of the financial services provider’s stock valued at $5,393,000 after purchasing an additional 4,389 shares during the period. MCF Advisors LLC grew its holdings in Fifth Third Bancorp by 35.3% in the 4th quarter. MCF Advisors LLC now owns 41,266 shares of the financial services provider’s stock valued at $1,434,000 after buying an additional 10,772 shares during the last quarter. Finally, Vicus Capital increased its position in Fifth Third Bancorp by 4.1% in the 4th quarter. Vicus Capital now owns 9,977 shares of the financial services provider’s stock worth $344,000 after buying an additional 397 shares during the period. Institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FITB shares. Royal Bank of Canada raised their price objective on shares of Fifth Third Bancorp from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Stephens restated an “equal weight” rating and set a $41.00 price target on shares of Fifth Third Bancorp in a research note on Tuesday, March 19th. Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 price target on shares of Fifth Third Bancorp in a report on Monday, April 1st. Barclays lifted their price objective on Fifth Third Bancorp from $34.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Evercore ISI raised their target price on Fifth Third Bancorp from $37.00 to $40.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $36.31.

Insiders Place Their Bets

In other news, EVP Jude Schramm sold 5,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $36.38, for a total value of $181,900.00. Following the completion of the sale, the executive vice president now directly owns 139,422 shares in the company, valued at $5,072,172.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Fifth Third Bancorp news, EVP Jude Schramm sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $36.38, for a total value of $181,900.00. Following the completion of the sale, the executive vice president now owns 139,422 shares in the company, valued at approximately $5,072,172.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James C. Leonard sold 26,500 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $36.66, for a total transaction of $971,490.00. Following the completion of the transaction, the chief operating officer now directly owns 229,344 shares of the company’s stock, valued at $8,407,751.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,357 shares of company stock valued at $1,693,888. 0.50% of the stock is currently owned by corporate insiders.

Fifth Third Bancorp Price Performance

Shares of Fifth Third Bancorp stock traded up $0.44 during mid-day trading on Tuesday, reaching $36.99. 1,171,499 shares of the stock were exchanged, compared to its average volume of 5,451,903. Fifth Third Bancorp has a fifty-two week low of $22.46 and a fifty-two week high of $37.41. The company has a market cap of $25.20 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.38 and a beta of 1.27. The firm has a 50-day simple moving average of $35.26 and a 200 day simple moving average of $31.97. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.05. The company had revenue of $3.32 billion during the quarter, compared to analyst estimates of $2.08 billion. Fifth Third Bancorp had a net margin of 17.70% and a return on equity of 16.11%. During the same quarter last year, the business posted $0.78 earnings per share. On average, sell-side analysts predict that Fifth Third Bancorp will post 3.19 EPS for the current fiscal year.

Fifth Third Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 3.78%. Fifth Third Bancorp’s payout ratio is 44.44%.

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.