Venture Visionary Partners LLC increased its holdings in Fifth Third Bancorp (NASDAQ:FITB – Free Report) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,914 shares of the financial services provider’s stock after purchasing an additional 11,012 shares during the quarter. Venture Visionary Partners LLC’s holdings in Fifth Third Bancorp were worth $5,108,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of FITB. Cullen Frost Bankers Inc. grew its holdings in Fifth Third Bancorp by 4.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 4,261 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 187 shares during the period. Koshinski Asset Management Inc. raised its stake in shares of Fifth Third Bancorp by 3.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 6,870 shares of the financial services provider’s stock worth $322,000 after buying an additional 206 shares during the period. Keybank National Association OH raised its stake in shares of Fifth Third Bancorp by 0.3% during the 4th quarter. Keybank National Association OH now owns 64,416 shares of the financial services provider’s stock worth $3,015,000 after buying an additional 214 shares during the period. CreativeOne Wealth LLC lifted its position in shares of Fifth Third Bancorp by 1.9% during the 4th quarter. CreativeOne Wealth LLC now owns 11,652 shares of the financial services provider’s stock valued at $545,000 after buying an additional 216 shares in the last quarter. Finally, Austin Private Wealth LLC grew its stake in Fifth Third Bancorp by 2.7% in the 4th quarter. Austin Private Wealth LLC now owns 8,686 shares of the financial services provider’s stock valued at $407,000 after acquiring an additional 228 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.
Insider Buying and Selling at Fifth Third Bancorp
In other Fifth Third Bancorp news, EVP Peter L. Sefzik sold 20,000 shares of Fifth Third Bancorp stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $50.46, for a total value of $1,009,200.00. Following the completion of the transaction, the executive vice president directly owned 189,382 shares of the company’s stock, valued at $9,556,215.72. The trade was a 9.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kevin J. Khanna sold 6,000 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $50.77, for a total transaction of $304,620.00. Following the sale, the executive vice president owned 76,299 shares in the company, valued at $3,873,700.23. This trade represents a 7.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is currently owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on FITB
Fifth Third Bancorp Stock Performance
NASDAQ:FITB opened at $54.71 on Monday. Fifth Third Bancorp has a fifty-two week low of $37.86 and a fifty-two week high of $55.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.83 and a current ratio of 0.83. The company has a 50 day moving average price of $49.83 and a 200 day moving average price of $48.92. The stock has a market capitalization of $49.59 billion, a P/E ratio of 18.36, a PEG ratio of 1.09 and a beta of 0.92.
Fifth Third Bancorp (NASDAQ:FITB – Get Free Report) last announced its earnings results on Friday, April 17th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Fifth Third Bancorp had a return on equity of 12.39% and a net margin of 15.89%.The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the previous year, the company earned $0.71 earnings per share. Equities research analysts forecast that Fifth Third Bancorp will post 4.1 EPS for the current year.
Fifth Third Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 30th. Fifth Third Bancorp’s payout ratio is currently 53.69%.
Fifth Third Bancorp Company Profile
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.
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