UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 564,860 Shares of Fifth Third Bancorp (NASDAQ:FITB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 15.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,229,103 shares of the financial services provider's stock after purchasing an additional 564,860 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.63% of Fifth Third Bancorp worth $178,806,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FITB. Sierra Ocean LLC bought a new stake in Fifth Third Bancorp in the fourth quarter valued at $28,000. Quarry LP bought a new stake in Fifth Third Bancorp in the fourth quarter valued at $29,000. BankPlus Trust Department bought a new stake in Fifth Third Bancorp in the fourth quarter valued at $29,000. Midwest Capital Advisors LLC bought a new stake in Fifth Third Bancorp in the fourth quarter valued at $33,000. Finally, Y.D. More Investments Ltd lifted its stake in Fifth Third Bancorp by 118.5% in the fourth quarter. Y.D. More Investments Ltd now owns 828 shares of the financial services provider's stock valued at $35,000 after buying an additional 449 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors.

Fifth Third Bancorp Stock Down 0.6%

NASDAQ:FITB traded down $0.24 on Wednesday, hitting $37.91. 1,135,846 shares of the company's stock traded hands, compared to its average volume of 4,490,160. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82. Fifth Third Bancorp has a 1 year low of $32.25 and a 1 year high of $49.07. The firm has a 50-day moving average price of $36.84 and a 200-day moving average price of $41.41. The company has a market cap of $25.30 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89.

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

Fifth Third Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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 annualized dividend and a yield of 3.90%. Fifth Third Bancorp's dividend payout ratio (DPR) is presently 46.98%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FITB shares. Stephens restated 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. Citigroup dropped their price target on shares of Fifth Third Bancorp from $52.00 to $43.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Morgan Stanley reduced their price target on shares of Fifth Third Bancorp from $57.00 to $52.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Cowen began coverage on shares of Fifth Third Bancorp in a research note on Wednesday, May 14th. They issued a "buy" rating for the company. Finally, JPMorgan Chase & Co. cut their target price on Fifth Third Bancorp from $49.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Fifth Third Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $46.78.

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.