Fifth Third Bancorp (NASDAQ:FITB) Holdings Decreased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its position in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 44.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,805 shares of the financial services provider's stock after selling 52,671 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Fifth Third Bancorp were worth $2,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of FITB. Caisse DE Depot ET Placement DU Quebec acquired a new position in Fifth Third Bancorp during the 4th quarter worth $6,655,000. AQR Capital Management LLC grew its position in shares of Fifth Third Bancorp by 453.9% during the fourth quarter. AQR Capital Management LLC now owns 464,863 shares of the financial services provider's stock worth $19,654,000 after buying an additional 380,933 shares in the last quarter. Lido Advisors LLC increased its stake in shares of Fifth Third Bancorp by 170.8% during the fourth quarter. Lido Advisors LLC now owns 254,963 shares of the financial services provider's stock worth $10,874,000 after buying an additional 160,814 shares during the period. Northern Trust Corp raised its holdings in Fifth Third Bancorp by 12.7% in the fourth quarter. Northern Trust Corp now owns 7,074,520 shares of the financial services provider's stock valued at $299,111,000 after acquiring an additional 798,663 shares in the last quarter. Finally, Quarry LP purchased a new position in Fifth Third Bancorp in the fourth quarter worth approximately $29,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Fifth Third Bancorp Trading Up 0.5 %

Shares of FITB stock traded up $0.17 on Friday, reaching $37.43. 4,425,064 shares of the stock were exchanged, compared to its average volume of 4,467,254. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.82. The stock has a market cap of $24.98 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89. The firm has a 50 day moving average of $36.96 and a two-hundred day moving average of $41.90. Fifth Third Bancorp has a 1-year low of $32.25 and a 1-year high of $49.07.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last released 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 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 the consensus estimate of $2.17 billion. During the same period last year, the business posted $0.70 EPS. On average, research analysts anticipate that Fifth Third Bancorp will post 3.68 EPS for the current year.

Fifth Third Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Monday, March 31st. Fifth Third Bancorp's payout ratio is currently 46.98%.

Analyst Upgrades and Downgrades

FITB has been the topic of a number of recent analyst reports. 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 report on Monday, March 24th. Royal Bank of Canada reissued an "outperform" rating and issued a $47.00 target price on shares of Fifth Third Bancorp in a report on Monday, February 10th. Stephens reaffirmed 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. JPMorgan Chase & Co. dropped their price objective on Fifth Third Bancorp from $49.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods lowered their price target on Fifth Third Bancorp from $47.00 to $42.00 and set a "market perform" rating for the company in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $46.24.

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.