Fifth Third Bancorp (NASDAQ:FITB) Shares Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG increased its stake in shares of Fifth Third Bancorp (NASDAQ:FITB) by 25.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,686 shares of the financial services provider’s stock after purchasing an additional 30,914 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Fifth Third Bancorp were worth $6,498,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in shares of Fifth Third Bancorp by 13.8% in the fourth quarter. Alliancebernstein L.P. now owns 4,485,567 shares of the financial services provider’s stock worth $189,650,000 after acquiring an additional 542,460 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Fifth Third Bancorp by 8.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 122,290 shares of the financial services provider’s stock valued at $5,170,000 after purchasing an additional 9,850 shares during the last quarter. Summit Securities Group LLC purchased a new position in Fifth Third Bancorp in the 4th quarter valued at about $262,000. Schroder Investment Management Group boosted its stake in shares of Fifth Third Bancorp by 16.4% during the 4th quarter. Schroder Investment Management Group now owns 1,168,323 shares of the financial services provider’s stock worth $49,478,000 after purchasing an additional 164,260 shares during the last quarter. Finally, Allstate Corp purchased a new stake in shares of Fifth Third Bancorp during the fourth quarter worth about $838,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO James C. Leonard sold 17,200 shares of Fifth Third Bancorp stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $44.26, for a total transaction of $761,272.00. Following the sale, the chief operating officer now directly owns 244,487 shares of the company’s stock, valued at approximately $10,820,994.62. The trade was a 6.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin P. Lavender sold 21,700 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $43.55, for a total value of $945,035.00. Following the completion of the transaction, the executive vice president now directly owns 130,856 shares of the company’s stock, valued at $5,698,778.80. This represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Fifth Third Bancorp from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. DA Davidson raised their price objective on Fifth Third Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Citigroup dropped their target price on Fifth Third Bancorp from $52.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 price target on shares of Fifth Third Bancorp in a research note on Monday, February 10th. Finally, Morgan Stanley dropped their price objective on shares of Fifth Third Bancorp from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.64.

Fifth Third Bancorp Trading Up 1.0 %

NASDAQ:FITB opened at $39.20 on Tuesday. The business’s 50-day moving average is $42.08 and its two-hundred day moving average is $43.52. The firm has a market capitalization of $26.19 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. Fifth Third Bancorp has a 12 month low of $33.82 and a 12 month high of $49.07. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.80 and a quick ratio of 0.80.

Fifth Third Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 3.78%. Fifth Third Bancorp’s payout ratio is currently 47.13%.

About Fifth Third Bancorp

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.