Fifth Third Bancorp (NASDAQ:FITB) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its position in Fifth Third Bancorp (NASDAQ:FITB - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 765,328 shares of the financial services provider's stock after buying an additional 93,525 shares during the period. Natixis Advisors L.P. owned approximately 0.11% of Fifth Third Bancorp worth $26,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. GoalVest Advisory LLC grew its position in shares of Fifth Third Bancorp by 145.5% during the 4th quarter. GoalVest Advisory LLC now owns 945 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 560 shares during the period. Denali Advisors LLC purchased a new stake in Fifth Third Bancorp in the fourth quarter worth about $36,000. Financial Management Professionals Inc. raised its stake in shares of Fifth Third Bancorp by 1,000.0% in the fourth quarter. Financial Management Professionals Inc. now owns 1,100 shares of the financial services provider's stock worth $38,000 after buying an additional 1,000 shares during the period. Friedenthal Financial purchased a new position in shares of Fifth Third Bancorp during the 4th quarter valued at about $48,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Fifth Third Bancorp by 83.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,532 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 695 shares during the period. Institutional investors own 83.79% of the company's stock.

Fifth Third Bancorp Price Performance

Shares of Fifth Third Bancorp stock traded up $0.67 during trading hours on Friday, reaching $37.56. The company's stock had a trading volume of 4,007,014 shares, compared to its average volume of 4,768,773. The firm has a 50 day moving average price of $35.88 and a 200-day moving average price of $32.76. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $25.58 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.42 and a beta of 1.24. Fifth Third Bancorp has a one year low of $22.46 and a one year high of $37.77.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last issued its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.05. The company had revenue of $3.32 billion for the quarter, compared to analysts' expectations of $2.08 billion. Fifth Third Bancorp had a return on equity of 16.11% and a net margin of 17.70%. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, analysts predict that Fifth Third Bancorp will post 3.22 EPS for the current year.

Fifth Third Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a yield of 3.73%. Fifth Third Bancorp's dividend payout ratio is presently 44.44%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FITB. JPMorgan Chase & Co. raised shares of Fifth Third Bancorp from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $37.50 to $39.50 in a report on Wednesday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $40.00 target price (up previously from $39.00) on shares of Fifth Third Bancorp in a report on Monday, April 22nd. UBS Group reissued a "neutral" rating and set a $39.00 price target (down from $42.00) on shares of Fifth Third Bancorp in a report on Thursday, April 4th. DA Davidson upped their price objective on Fifth Third Bancorp from $37.00 to $39.00 and gave the stock a "neutral" rating in a research note on Monday, April 22nd. Finally, Stephens reissued an "equal weight" rating and set a $41.00 target price on shares of Fifth Third Bancorp in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $36.50.

Insiders Place Their Bets

In related news, EVP Jude Schramm sold 5,000 shares of the company's stock in a transaction dated 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 directly owns 139,422 shares in the company, valued at approximately $5,072,172.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fifth Third Bancorp news, EVP Kala Gibson sold 14,857 shares of the company's stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $36.38, for a total value of $540,497.66. Following the transaction, the executive vice president now owns 46,646 shares of the company's stock, valued at approximately $1,696,981.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jude Schramm sold 5,000 shares of Fifth Third Bancorp stock in a transaction on Monday, March 25th. The stock was sold at an average price of $36.38, for a total value of $181,900.00. Following the sale, the executive vice president now owns 139,422 shares of the company's stock, valued at $5,072,172.36. The disclosure for this sale can be found here. Insiders sold 48,857 shares of company stock valued at $1,787,638 over the last three months. 0.50% of the stock is owned by company insiders.

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.