Arkadios Wealth Advisors Sells 110,422 Shares of Fifth Third Bancorp (NASDAQ:FITB)

Arkadios Wealth Advisors lowered its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 92.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,475 shares of the financial services provider's stock after selling 110,422 shares during the quarter. Arkadios Wealth Advisors' holdings in Fifth Third Bancorp were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairfield Bush & CO. raised its holdings in Fifth Third Bancorp by 1.4% in the 1st quarter. Fairfield Bush & CO. now owns 36,482 shares of the financial services provider's stock worth $1,570,000 after acquiring an additional 502 shares during the period. Aviva PLC raised its holdings in Fifth Third Bancorp by 22.0% in the 1st quarter. Aviva PLC now owns 255,764 shares of the financial services provider's stock worth $11,008,000 after acquiring an additional 46,064 shares during the period. Prudential PLC bought a new position in Fifth Third Bancorp in the 1st quarter worth $754,000. Cetera Investment Advisers raised its holdings in Fifth Third Bancorp by 13.0% in the 1st quarter. Cetera Investment Advisers now owns 54,958 shares of the financial services provider's stock worth $2,365,000 after acquiring an additional 6,341 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its holdings in Fifth Third Bancorp by 60.8% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 121,378 shares of the financial services provider's stock worth $5,224,000 after acquiring an additional 45,910 shares during the period. Institutional investors own 83.79% of the company's stock.

Wall Street Analyst Weigh In

FITB has been the topic of several research analyst reports. Wells Fargo & Company raised their price target on shares of Fifth Third Bancorp from $39.00 to $41.00 and gave the stock an "overweight" rating in a research report on Thursday, March 28th. Barclays lifted their price target on shares of Fifth Third Bancorp from $34.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday, January 2nd. Robert W. Baird reissued a "neutral" rating and set a $32.00 price target on shares of Fifth Third Bancorp in a report on Monday, April 1st. Morgan Stanley lifted their price target on shares of Fifth Third Bancorp from $29.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, February 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Fifth Third Bancorp from $32.00 to $36.00 and gave the company a "buy" rating in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $35.44.

Insider Activity at Fifth Third Bancorp

In related news, COO James C. Leonard sold 26,500 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $36.66, for a total transaction of $971,490.00. Following the completion of the transaction, the chief operating officer now owns 229,344 shares in the company, valued at $8,407,751.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO James C. Leonard sold 26,500 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $36.66, for a total transaction of $971,490.00. Following the completion of the transaction, the chief operating officer now owns 229,344 shares in the company, valued at $8,407,751.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jude Schramm sold 5,000 shares of the business's stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $36.38, for a total transaction of $181,900.00. Following the transaction, the executive vice president now owns 139,422 shares of the company's stock, valued at approximately $5,072,172.36. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Fifth Third Bancorp Trading Up 0.6 %

Shares of FITB traded up $0.22 on Tuesday, reaching $36.39. 2,842,692 shares of the company's stock were exchanged, compared to its average volume of 5,408,496. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $24.79 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The business has a 50 day moving average price of $35.04 and a two-hundred day moving average price of $31.34. Fifth Third Bancorp has a 12 month low of $22.46 and a 12 month high of $37.41.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last posted its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.22. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.15 billion. Fifth Third Bancorp had a net margin of 18.58% and a return on equity of 16.25%. During the same period in the previous year, the firm posted $1.04 earnings per share. Research analysts anticipate that Fifth Third Bancorp will post 3.18 earnings per share for the current year.

Fifth Third Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Wednesday, March 27th. Fifth Third Bancorp's dividend payout ratio is currently 43.34%.

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.