Fifth Third Bancorp (NASDAQ:FITB) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its holdings in Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 27.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,046,701 shares of the financial services provider's stock after acquiring an additional 438,446 shares during the period. Deutsche Bank AG owned 0.31% of Fifth Third Bancorp worth $86,535,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FITB. Retirement Wealth Solutions LLC acquired a new position in Fifth Third Bancorp in the 4th quarter valued at $25,000. Sierra Ocean LLC acquired a new stake in shares of Fifth Third Bancorp during the 4th quarter worth $28,000. BankPlus Trust Department acquired a new stake in shares of Fifth Third Bancorp during the 4th quarter worth $29,000. Quarry LP acquired a new stake in shares of Fifth Third Bancorp during the 4th quarter worth $29,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Fifth Third Bancorp during the 4th quarter worth $33,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fifth Third Bancorp

In other news, COO James C. Leonard sold 17,200 shares of Fifth Third Bancorp stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $44.26, for a total value of $761,272.00. Following the sale, the chief operating officer now directly owns 244,487 shares of the company's stock, valued at $10,820,994.62. The trade was a 6.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kevin P. Lavender sold 21,700 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $43.55, for a total value of $945,035.00. Following the completion of the sale, the executive vice president now owns 130,856 shares in the company, valued at $5,698,778.80. This represents a 14.22% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

Fifth Third Bancorp Stock Performance

NASDAQ:FITB traded up $0.12 during mid-day trading on Thursday, reaching $39.49. The company's stock had a trading volume of 3,705,967 shares, compared to its average volume of 4,472,428. Fifth Third Bancorp has a 12-month low of $32.25 and a 12-month high of $49.07. The stock has a market cap of $26.36 billion, a P/E ratio of 12.58, a PEG ratio of 1.42 and a beta of 0.89. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82. The firm's fifty day moving average price is $36.91 and its two-hundred day moving average price is $41.81.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.17 billion. Fifth Third Bancorp had a return on equity of 14.10% and a net margin of 17.43%. During the same period in the previous year, the company posted $0.70 EPS. On average, equities analysts forecast that Fifth Third Bancorp will post 3.68 EPS for the current fiscal year.

Fifth Third Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.75%. The ex-dividend date was Monday, March 31st. Fifth Third Bancorp's dividend payout ratio is presently 46.98%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FITB shares. Truist Financial decreased their price target on shares of Fifth Third Bancorp from $52.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Citigroup dropped their price objective on shares of Fifth Third Bancorp from $52.00 to $43.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Robert W. Baird upgraded shares of Fifth Third Bancorp from a "neutral" rating to an "outperform" rating and set a $47.00 price target on the stock in a research note on Monday, April 7th. Stephens reiterated an "equal weight" rating and set a $51.00 price objective on shares of Fifth Third Bancorp in a research note on Wednesday, March 5th. Finally, Baird R W upgraded shares of Fifth Third Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Fifth Third Bancorp currently has an average rating of "Moderate Buy" and a consensus price target of $46.56.

About Fifth Third Bancorp

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.