22,097 Shares in Fifth Third Bancorp (NASDAQ:FITB) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new stake in Fifth Third Bancorp (NASDAQ:FITB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 22,097 shares of the financial services provider's stock, valued at approximately $934,000.

A number of other institutional investors have also recently modified their holdings of the business. Boston Partners lifted its holdings in Fifth Third Bancorp by 6.2% during the 4th quarter. Boston Partners now owns 14,135,430 shares of the financial services provider's stock worth $597,692,000 after buying an additional 823,803 shares during the last quarter. Deutsche Bank AG boosted its stake in Fifth Third Bancorp by 27.3% in the 4th quarter. Deutsche Bank AG now owns 2,046,701 shares of the financial services provider's stock valued at $86,535,000 after buying an additional 438,446 shares in the last quarter. AMJ Financial Wealth Management boosted its stake in Fifth Third Bancorp by 4.2% in the fourth quarter. AMJ Financial Wealth Management now owns 232,803 shares of the financial services provider's stock worth $9,843,000 after purchasing an additional 9,401 shares in the last quarter. Banco Santander S.A. acquired a new position in Fifth Third Bancorp in the fourth quarter worth $357,000. Finally, Lockheed Martin Investment Management Co. bought a new stake in Fifth Third Bancorp in the fourth quarter valued at about $9,878,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Fifth Third Bancorp Stock Down 0.8%

FITB traded down $0.31 during trading on Friday, hitting $37.20. The stock had a trading volume of 2,974,973 shares, compared to its average volume of 4,506,003. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a 50 day simple moving average of $36.91 and a two-hundred day simple moving average of $41.50. Fifth Third Bancorp has a twelve month low of $32.25 and a twelve month high of $49.07. The company has a market capitalization of $24.83 billion, a PE ratio of 11.85, a PEG ratio of 1.42 and a beta of 0.89.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.73 earnings per share 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 firm had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the company posted $0.70 EPS. On average, research analysts predict that Fifth Third Bancorp will post 3.68 earnings per share for the current year.

Fifth Third Bancorp Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Cowen began coverage on Fifth Third Bancorp in a research report on Wednesday, May 14th. They set a "buy" rating for the company. Truist Financial decreased their price target on Fifth Third Bancorp from $52.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. TD Cowen initiated coverage on Fifth Third Bancorp in a report on Thursday, May 15th. They set a "buy" rating and a $52.00 price objective on the stock. Wells Fargo & Company cut their target price on Fifth Third Bancorp from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Finally, Jefferies Financial Group started coverage on Fifth Third Bancorp in a research report on Wednesday. They issued a "buy" rating and a $47.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.