Caxton Associates LP purchased a new stake in Fifth Third Bancorp (NASDAQ:FITB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,834 shares of the financial services provider’s stock, valued at approximately $537,000.

Other hedge funds have also added to or reduced their stakes in the company. Legal & General Group Plc grew its position in shares of Fifth Third Bancorp by 4.1% in the third quarter. Legal & General Group Plc now owns 3,362,439 shares of the financial services provider’s stock valued at $93,883,000 after purchasing an additional 131,059 shares during the last quarter. Sanders Capital LLC grew its position in shares of Fifth Third Bancorp by 59.6% in the fourth quarter. Sanders Capital LLC now owns 17,818,885 shares of the financial services provider’s stock valued at $468,179,000 after purchasing an additional 6,653,168 shares during the last quarter. Banco Santander S.A. acquired a new stake in shares of Fifth Third Bancorp in the third quarter valued at approximately $875,000. Advisor Partners LLC grew its position in shares of Fifth Third Bancorp by 14.4% in the fourth quarter. Advisor Partners LLC now owns 27,926 shares of the financial services provider’s stock valued at $657,000 after purchasing an additional 3,507 shares during the last quarter. Finally, Regentatlantic Capital LLC grew its position in shares of Fifth Third Bancorp by 26.9% in the fourth quarter. Regentatlantic Capital LLC now owns 10,665 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 2,260 shares during the last quarter. Institutional investors and hedge funds own 82.08% of the company’s stock.

Shares of FITB opened at $28.32 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.97. The company has a market cap of $18.07 billion, a P/E ratio of 11.15, a PEG ratio of 1.30 and a beta of 1.33. Fifth Third Bancorp has a 1 year low of $22.12 and a 1 year high of $34.67.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.02. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. Fifth Third Bancorp had a net margin of 27.32% and a return on equity of 12.34%. During the same quarter last year, the firm posted $0.48 earnings per share. On average, equities analysts predict that Fifth Third Bancorp will post 2.76 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, March 28th. Fifth Third Bancorp’s dividend payout ratio is currently 34.65%.

Several brokerages recently issued reports on FITB. BidaskClub raised shares of Fifth Third Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Raymond James set a $30.00 price objective on shares of Fifth Third Bancorp and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Zacks Investment Research raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, March 12th. Bank of America set a $29.00 price objective on shares of Fifth Third Bancorp and gave the company a “hold” rating in a research note on Wednesday, January 23rd. Finally, Morgan Stanley reduced their price objective on shares of Fifth Third Bancorp from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 11th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.27.

In other Fifth Third Bancorp news, EVP Frank R. Forrest sold 26,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $26.37, for a total transaction of $685,620.00. Following the transaction, the executive vice president now owns 62,974 shares of the company’s stock, valued at $1,660,624.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

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About Fifth Third Bancorp

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

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

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