U.S. Capital Wealth Advisors LLC Acquires New Stake in Fifth Third Bancorp (NASDAQ:FITB)

U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Fifth Third Bancorp (NASDAQ:FITB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 31,700 shares of the financial services provider’s stock, valued at approximately $1,340,000.

A number of other large investors also recently bought and sold shares of FITB. Retirement Wealth Solutions LLC bought a new stake in Fifth Third Bancorp during the 4th quarter valued at about $25,000. Venturi Wealth Management LLC increased its holdings in Fifth Third Bancorp by 89.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 669 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 316 shares during the period. Legacy Investment Solutions LLC purchased a new position in Fifth Third Bancorp during the 3rd quarter worth $36,000. Hexagon Capital Partners LLC increased its holdings in Fifth Third Bancorp by 56.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 860 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 312 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new position in Fifth Third Bancorp during the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FITB shares. StockNews.com downgraded Fifth Third Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $47.00 target price on shares of Fifth Third Bancorp in a report on Wednesday, January 22nd. Truist Financial increased their target price on shares of Fifth Third Bancorp from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Baird R W lowered Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods upped their target price on Fifth Third Bancorp from $45.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $46.75.

Fifth Third Bancorp Stock Up 0.7 %

Shares of FITB stock opened at $43.87 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.80 and a current ratio of 0.80. Fifth Third Bancorp has a fifty-two week low of $32.29 and a fifty-two week high of $49.07. The firm has a market capitalization of $29.42 billion, a PE ratio of 13.97, a P/E/G ratio of 1.44 and a beta of 1.23. The stock’s 50-day simple moving average is $44.39 and its 200-day simple moving average is $43.38.

Fifth Third Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Tuesday, December 31st. Fifth Third Bancorp’s dividend payout ratio is presently 47.13%.

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.