ProShare Advisors LLC Buys 12,127 Shares of Fifth Third Bancorp (NASDAQ:FITB)

ProShare Advisors LLC grew its holdings in Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 157,778 shares of the financial services provider's stock after acquiring an additional 12,127 shares during the period. ProShare Advisors LLC's holdings in Fifth Third Bancorp were worth $6,671,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FITB. Norges Bank bought a new position in Fifth Third Bancorp in the fourth quarter worth approximately $371,836,000. PL Capital Advisors LLC raised its position in Fifth Third Bancorp by 4,128.0% in the fourth quarter. PL Capital Advisors LLC now owns 1,860,320 shares of the financial services provider's stock worth $78,654,000 after acquiring an additional 1,816,320 shares during the period. Jupiter Asset Management Ltd. bought a new position in Fifth Third Bancorp in the fourth quarter worth approximately $53,508,000. First Trust Advisors LP raised its position in Fifth Third Bancorp by 12.1% in the fourth quarter. First Trust Advisors LP now owns 9,531,485 shares of the financial services provider's stock worth $402,991,000 after acquiring an additional 1,027,044 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Fifth Third Bancorp in the fourth quarter worth approximately $38,971,000. 83.79% of the stock is currently owned by institutional investors.

Fifth Third Bancorp Price Performance

Shares of NASDAQ:FITB traded down $0.31 on Friday, reaching $37.20. The company's stock had a trading volume of 2,974,973 shares, compared to its average volume of 4,506,003. Fifth Third Bancorp has a 52-week low of $32.25 and a 52-week high of $49.07. The company has a market cap of $24.83 billion, a P/E ratio of 11.85, a PEG ratio of 1.42 and a beta of 0.89. The company has a 50-day simple moving average of $36.91 and a 200 day simple moving average of $41.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.80 and a current ratio of 0.80.

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

Fifth Third Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.98%. Fifth Third Bancorp's dividend payout ratio is presently 46.98%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FITB. Stephens restated an "equal weight" rating and set a $51.00 price objective on shares of Fifth Third Bancorp in a research report on Wednesday, March 5th. 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. Jefferies Financial Group began coverage on shares of Fifth Third Bancorp in a research report on Wednesday. They set a "buy" rating and a $47.00 price objective on the stock. Cowen began coverage on shares of Fifth Third Bancorp in a research report on Wednesday, May 14th. They set a "buy" rating on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Fifth Third Bancorp from $49.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.78.

Fifth Third Bancorp 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.