7,273 Shares in Fifth Third Bancorp (NASDAQ:FITB) Bought by Telemus Capital LLC

Telemus Capital LLC bought a new position in Fifth Third Bancorp (NASDAQ:FITB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,273 shares of the financial services provider’s stock, valued at approximately $251,000.

Other hedge funds also recently bought and sold shares of the company. GoalVest Advisory LLC boosted its holdings in shares of Fifth Third Bancorp by 145.5% during the 4th quarter. GoalVest Advisory LLC now owns 945 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 560 shares during the last quarter. Denali Advisors LLC purchased a new stake in Fifth Third Bancorp in the 4th quarter worth about $36,000. Financial Management Professionals Inc. increased its position in shares of Fifth Third Bancorp by 1,000.0% during the fourth quarter. Financial Management Professionals Inc. now owns 1,100 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,000 shares during the period. Friedenthal Financial purchased a new position in shares of Fifth Third Bancorp during the fourth quarter worth approximately $48,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Fifth Third Bancorp by 83.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,532 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 695 shares during the period. Institutional investors own 83.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Fifth Third Bancorp from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. Evercore ISI raised their target price on shares of Fifth Third Bancorp from $37.00 to $40.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. DA Davidson raised their target price on shares of Fifth Third Bancorp from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday. Robert W. Baird restated a “neutral” rating and issued a $32.00 target price on shares of Fifth Third Bancorp in a research note on Monday, April 1st. Finally, Wells Fargo & Company raised their target price on shares of Fifth Third Bancorp from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.31.

Fifth Third Bancorp Trading Up 0.8 %

NASDAQ:FITB opened at $36.55 on Tuesday. Fifth Third Bancorp has a 12 month low of $22.46 and a 12 month high of $37.41. The firm has a fifty day simple moving average of $35.26 and a 200-day simple moving average of $31.97. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $24.90 billion, a P/E ratio of 11.60, a PEG ratio of 1.38 and a beta of 1.27.

Fifth Third Bancorp (NASDAQ:FITB) last issued its earnings results on Friday, April 19th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.05. Fifth Third Bancorp had a net margin of 17.70% and a return on equity of 16.11%. The firm had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the company posted $0.78 earnings per share. On average, equities research analysts anticipate that Fifth Third Bancorp will post 3.19 earnings per share for the current year.

Fifth Third Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.35 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a yield of 3.83%. Fifth Third Bancorp’s payout ratio is 44.44%.

Insider Buying and Selling at Fifth Third Bancorp

In other Fifth Third Bancorp news, EVP Jude Schramm sold 5,000 shares of Fifth Third Bancorp stock in a transaction on Monday, March 25th. The shares were sold at an average price of $36.38, for a total value of $181,900.00. Following the completion of the transaction, the executive vice president now owns 139,422 shares of the company’s stock, valued at $5,072,172.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Fifth Third Bancorp news, EVP Jude Schramm sold 5,000 shares of Fifth Third Bancorp stock in a transaction on Monday, March 25th. The shares were sold at an average price of $36.38, for a total value of $181,900.00. Following the completion of the transaction, the executive vice president now owns 139,422 shares of the company’s stock, valued at $5,072,172.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kala Gibson sold 14,857 shares of Fifth Third Bancorp stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $36.38, for a total transaction of $540,497.66. Following the completion of the transaction, the executive vice president now directly owns 46,646 shares of the company’s stock, valued at approximately $1,696,981.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,357 shares of company stock valued at $1,693,888. Corporate insiders own 0.50% of the company’s stock.

Fifth Third Bancorp Company Profile

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.