Fifth Third Bancorp (NASDAQ:FITB) Shares Bought by Axecap Investments LLC

Axecap Investments LLC grew its position in shares of Fifth Third Bancorp (NASDAQ:FITBFree Report) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 54,391 shares of the financial services provider’s stock after purchasing an additional 3,873 shares during the quarter. Fifth Third Bancorp accounts for about 1.7% of Axecap Investments LLC’s holdings, making the stock its 26th biggest holding. Axecap Investments LLC’s holdings in Fifth Third Bancorp were worth $2,300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Sapient Capital LLC raised its stake in shares of Fifth Third Bancorp by 1,334.4% during the fourth quarter. Sapient Capital LLC now owns 302,550 shares of the financial services provider’s stock valued at $12,904,000 after purchasing an additional 281,458 shares in the last quarter. Equitable Trust Co. bought a new stake in shares of Fifth Third Bancorp during the fourth quarter valued at about $725,000. Savant Capital LLC raised its stake in shares of Fifth Third Bancorp by 10.6% during the fourth quarter. Savant Capital LLC now owns 21,906 shares of the financial services provider’s stock valued at $926,000 after purchasing an additional 2,104 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Fifth Third Bancorp by 8.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 15,858 shares of the financial services provider’s stock valued at $670,000 after purchasing an additional 1,193 shares in the last quarter. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of Fifth Third Bancorp during the fourth quarter valued at about $790,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Fifth Third Bancorp Trading Down 1.6 %

NASDAQ:FITB opened at $43.33 on Tuesday. 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 has a fifty-two week low of $32.29 and a fifty-two week high of $49.07. The stock’s 50-day moving average is $44.06 and its two-hundred day moving average is $43.46. The stock has a market cap of $29.05 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23.

Fifth Third Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.37 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 3.42%. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 47.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 price target on shares of Fifth Third Bancorp in a research report on Monday. Barclays boosted their price target on shares of Fifth Third Bancorp from $51.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. StockNews.com cut shares of Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Baird R W cut shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company boosted their price target on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.75.

Check Out Our Latest Report on Fifth Third Bancorp

About Fifth Third Bancorp

(Free Report)

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.

Further Reading

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

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