Fifth Third Bancorp (NASDAQ:FITB) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Fifth Third Bancorp (NASDAQ:FITB – Free Report) by 51.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 140,357 shares of the financial services provider’s stock after acquiring an additional 47,473 shares during the quarter. SG Americas Securities LLC’s holdings in Fifth Third Bancorp were worth $5,122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Optimum Investment Advisors boosted its stake in Fifth Third Bancorp by 7.7% in the second quarter. Optimum Investment Advisors now owns 6,992 shares of the financial services provider’s stock valued at $255,000 after buying an additional 500 shares during the period. QRG Capital Management Inc. boosted its holdings in Fifth Third Bancorp by 15.4% during the second quarter. QRG Capital Management Inc. now owns 62,414 shares of the financial services provider’s stock worth $2,277,000 after buying an additional 8,350 shares in the last quarter. CHICAGO TRUST Co NA raised its position in Fifth Third Bancorp by 1.9% in the second quarter. CHICAGO TRUST Co NA now owns 28,441 shares of the financial services provider’s stock worth $1,038,000 after buying an additional 520 shares during the period. Manning & Napier Advisors LLC bought a new position in Fifth Third Bancorp in the second quarter valued at $11,290,000. Finally, BDF Gestion bought a new position in Fifth Third Bancorp in the 2nd quarter valued at $3,837,000. 83.79% of shares are currently owned by institutional investors and hedge funds.

Insider work at Fifth Third Bancorp

In other Fifth Third Bancorp news, EVP Kevin P. Lavender sold 20,000 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $41.77, for a total transaction of $835,400.00. Following the transaction, the executive vice president now directly owns 125,087 shares in the company, valued at $5,224,883.99. The transaction was disclosed in a filing with the SEC, which is available via this link. In other news, EVP Jude Schramm sold 2,500 shares of Fifth Third Bancorp stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $40.00, for a total value of $100,000.00. Following the transaction, the executive vice president now directly owns 134,422 shares in the company, valued at $5,376,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, EVP Kevin P. Lavender sold 20,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $41.77, for a total value of $835,400.00. Following the sale, the executive vice president now owns 125,087 shares of the company’s stock, valued at approximately $5,224,883.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,500 shares of company stock valued at $1,429,920. Insiders own 0.50% of the company’s shares.

Fifth Third Bancorp trading down 0.0%

NASDAQ FITB opened at $39.65 on Monday. The company has a market cap of $27.12 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24. Fifth Third Bancorp has a 1 year low of $22.49 and a 1 year high of $42.91. The company has a current ratio of 0.81, a quick ratio of 0.81, and a debt-to-equity ratio of 0.95. The company’s fifty-day simple moving average is $38.03, and its 200-day simple moving average is $36.60.

Fifth Third Bancorp (NASDAQ:FITB – Get Free Report ) last announced its quarterly earnings results on Friday, July 19th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $2.11 billion. Fifth Third Bancorp had a net margin of 17.41% and a return on equity of 15.79%. In the same quarter last year, the company earned $0.87 per share. As a group, sell-side analysts anticipate that Fifth Third Bancorp will post 3.3 earnings per share for the current fiscal year.

Fifth Third Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a dividend of $1.40 on an annualized basis and a dividend yield of 3.53%. Fifth Third Bancorp’s dividend payout ratio is currently 44.44%.

Analysts on Wall Street are forecasting an increase

FITB has been the subject of several research reports. Argus boosted their price target on Fifth Third Bancorp from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. DA Davidson raised their price objective on shares of Fifth Third Bancorp from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Royal Bank of Canada boosted their target price on shares of Fifth Third Bancorp from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Evercore ISI dropped their target price on Fifth Third Bancorp from $42.00 to $41.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Finally, Bank of America increased their price objective on Fifth Third Bancorp from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, 22 July. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. Fifth Third Bancorp has an average rating of “Hold” and a consensus price target of $40.56, based on data from MarketBeat.

Check out the latest stock analysis on FITB

Fifth Third Profile Bancorp

(Free report)

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, the National Association engaged in providing 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.

Further reading

Get news and reviews for Fifth Third Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fifth Third Bancorp and related companies with MarketBeat.com’s FREE daily email newsletter.