Crossmark Global Holdings Inc. lowered its stake in shares of Fifth Third Bancorp (NASDAQ:FITB) by 7.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 73,757 shares of the financial services provider’s stock after selling 6,156 shares during the period. Crossmark Global Holdings Inc.’s holdings in Fifth Third Bancorp were worth $2,238,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Advisor Group Inc. raised its stake in Fifth Third Bancorp by 19.7% during the third quarter. Advisor Group Inc. now owns 36,589 shares of the financial services provider’s stock worth $1,024,000 after purchasing an additional 6,033 shares during the period. Pegasus Partners Ltd. raised its stake in shares of Fifth Third Bancorp by 69.5% in the 3rd quarter. Pegasus Partners Ltd. now owns 186,989 shares of the financial services provider’s stock valued at $5,232,000 after acquiring an additional 76,647 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in shares of Fifth Third Bancorp by 14.4% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 992,727 shares of the financial services provider’s stock valued at $27,777,000 after acquiring an additional 125,124 shares during the period. Korea Investment CORP raised its stake in shares of Fifth Third Bancorp by 2.2% in the 3rd quarter. Korea Investment CORP now owns 269,823 shares of the financial services provider’s stock valued at $7,550,000 after acquiring an additional 5,700 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Fifth Third Bancorp by 1.4% in the 3rd quarter. Rhumbline Advisers now owns 1,416,096 shares of the financial services provider’s stock valued at $39,622,000 after acquiring an additional 19,465 shares during the period. 84.41% of the stock is currently owned by institutional investors.

FITB has been the topic of a number of research reports. Royal Bank of Canada reissued a “buy” rating on shares of Fifth Third Bancorp in a research note on Sunday, December 10th. BidaskClub raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Monday, January 8th. Vining Sparks reissued a “buy” rating and issued a $35.00 target price on shares of Fifth Third Bancorp in a research note on Sunday, January 28th. Finally, Morgan Stanley raised their target price on shares of Fifth Third Bancorp from $30.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $30.70.

In related news, SVP Mark D. Hazel sold 7,500 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $32.81, for a total transaction of $246,075.00. Following the completion of the sale, the senior vice president now directly owns 62,254 shares of the company’s stock, valued at approximately $2,042,553.74. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is currently owned by company insiders.

Shares of Fifth Third Bancorp (NASDAQ:FITB) opened at $31.98 on Monday. The firm has a market cap of $22,187.88, a price-to-earnings ratio of 17.38, a P/E/G ratio of 2.09 and a beta of 1.36. Fifth Third Bancorp has a fifty-two week low of $23.20 and a fifty-two week high of $33.91. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.99.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.58 billion. Fifth Third Bancorp had a net margin of 27.08% and a return on equity of 9.65%. During the same period last year, the business earned $0.49 EPS. equities analysts anticipate that Fifth Third Bancorp will post 2.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Thursday, December 28th. Fifth Third Bancorp’s payout ratio is 22.46%.

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About Fifth Third Bancorp

Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States.

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Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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