Rep. David Taylor Sells Shares of Fifth Third Bancorp (NASDAQ:FITB)

Key Points

• Rep. David Taylor sold $1,001–$15,000 of Fifth Third Bancorp shares on July 24 from his trust-linked 401(k) account. He also reported purchases of Microsoft, Kroger, Broadcom and other stocks, alongside sales of Marathon Petroleum and Lam Research.
• Fifth Third Bancorp reported quarterly revenue of $3.26 billion, up 45.8% year over year, while earnings of $0.83 per share narrowly missed estimates. The company maintains a $0.40 quarterly dividend, equivalent to a 2.8% yield.
• Analysts hold a consensus “Moderate Buy” rating on FITB, with an average price target of $60.54 versus its reported opening price of $57.01. Institutional investors own 83.79% of the company’s shares.

Representative David Taylor (Republican-Ohio) recently sold shares of Fifth Third Bancorp (NASDAQ:FITB). In a filing disclosed on August 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Fifth Third Bancorp stock on July 24th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) - DAVE" account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Marathon Petroleum NYSE: MPC on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/17/2026.
• Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 6/15/2026.
• Purchased $1,001 - $15,000 in shares of Chevron NYSE: CVX on 6/15/2026.
• Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 6/5/2026.
• Sold $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 6/5/2026.
• Purchased $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 6/5/2026.

Fifth Third Bancorp Stock Up 0.1%

FITB opened at $57.01 on Friday. Fifth Third Bancorp has a 1-year low of $40.04 and a 1-year high of $59.50. The stock's fifty day simple moving average is $55.55 and its 200 day simple moving average is $51.53. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The stock has a market cap of $51.67 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91.

Fifth Third Bancorp (NASDAQ:FITB - Get Free Report) last released its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.01). The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.24 billion. Fifth Third Bancorp had a return on equity of 12.39% and a net margin of 15.89%.The company's revenue for the quarter was up 45.8% compared to the same quarter last year. During the same period last year, the firm earned $0.88 earnings per share. As a group, research analysts expect that Fifth Third Bancorp will post 4.1 earnings per share for the current year.

Fifth Third Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.8%. Fifth Third Bancorp's payout ratio is presently 54.61%.

Wall Street Analysts Forecast Growth

FITB has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on shares of Fifth Third Bancorp from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of Fifth Third Bancorp from a "strong sell" rating to a "sell" rating in a research report on Sunday, May 10th. Wells Fargo & Company upped their target price on Fifth Third Bancorp from $58.00 to $67.00 and gave the company an "overweight" rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods increased their target price on Fifth Third Bancorp from $58.00 to $60.00 and gave the stock a "market perform" rating in a research note on Monday, July 20th. Finally, Morgan Stanley lifted their price target on Fifth Third Bancorp from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.54.

Institutional Investors Weigh In On Fifth Third Bancorp

A number of large investors have recently added to or reduced their stakes in FITB. Vanguard Group Inc. raised its holdings in Fifth Third Bancorp by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 83,948,876 shares of the financial services provider's stock valued at $3,929,647,000 after acquiring an additional 637,207 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Fifth Third Bancorp by 41.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,548,204 shares of the financial services provider's stock worth $1,664,013,000 after purchasing an additional 10,444,799 shares in the last quarter. Capital World Investors increased its position in shares of Fifth Third Bancorp by 5.6% in the fourth quarter. Capital World Investors now owns 32,549,669 shares of the financial services provider's stock worth $1,523,650,000 after purchasing an additional 1,719,361 shares during the period. State Street Corp increased its position in shares of Fifth Third Bancorp by 0.3% in the fourth quarter. State Street Corp now owns 31,437,600 shares of the financial services provider's stock worth $1,484,021,000 after purchasing an additional 101,245 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Fifth Third Bancorp by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,939,023 shares of the financial services provider's stock valued at $1,120,586,000 after purchasing an additional 530,489 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

About Fifth Third Bancorp

Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.

On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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