Fifth Third Bancorp Has $5.31 Million Stock Holdings in Snowflake Inc. $SNOW

Posted by Francis Steltz on Jul 18th, 2026

Fifth Third Bancorp raised its position in Snowflake Inc. (NYSE:SNOW – Free Report) by 963.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,224 shares of the company’s stock after buying an additional 31,912 shares during the period. Fifth Third Bancorp’s holdings in Snowflake were worth $5,312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its position in shares of Snowflake by 4.7% during the first quarter. Sequoia Financial Advisors LLC now owns 34,671 shares of the company’s stock worth $5,229,000 after acquiring an additional 1,554 shares during the last quarter. Independence Bank of Kentucky raised its holdings in Snowflake by 76.9% during the 1st quarter. Independence Bank of Kentucky now owns 13,291 shares of the company’s stock worth $2,005,000 after purchasing an additional 5,776 shares during the last quarter. Corrado Advisors LLC acquired a new stake in shares of Snowflake during the 1st quarter worth approximately $266,000. Blodgett Wealth Advisors LLC lifted its holdings in Snowflake by 21.4% in the first quarter. Blodgett Wealth Advisors LLC now owns 2,130 shares of the company’s stock valued at $321,000 after buying an additional 375 shares during the period. Finally, Whipplewood Advisors LLC boosted its stake in Snowflake by 1,938.5% in the first quarter. Whipplewood Advisors LLC now owns 265 shares of the company’s stock valued at $40,000 after acquiring an additional 252 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Mark Garrett sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the completion of the sale, the director directly owned 8,801 shares in the company, valued at $2,200,250. This trade represents a 91.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frank Slootman sold 437,076 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $252.43, for a total value of $110,331,094.68. Following the sale, the director owned 38,046 shares of the company’s stock, valued at approximately $9,603,951.78. This represents a 91.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,802,015 shares of company stock valued at $421,739,629 in the last three months. 4.80% of the stock is currently owned by company insiders.

Snowflake Stock Performance

Shares of SNOW opened at $268.85 on Friday. The firm has a 50-day moving average of $227.43 and a 200-day moving average of $193.65. The company has a market cap of $93.18 billion, a PE ratio of -76.38 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. Snowflake Inc. has a one year low of $118.30 and a one year high of $284.99.

Snowflake (NYSE:SNOW – Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. As a group, equities analysts forecast that Snowflake Inc. will post -1.84 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SNOW shares. Loop Capital increased their price target on Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus increased their target price on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Royal Bank Of Canada raised their target price on Snowflake from $284.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday. Canaccord Genuity Group boosted their target price on Snowflake from $240.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley lifted their price objective on shares of Snowflake from $245.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Thirty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $296.00.

Get Our Latest Research Report on SNOW

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Royal Bank of Canada raised its price target on Snowflake to $313 from $284 and reiterated an outperform rating, signaling confidence in further upside. Article
Positive Sentiment: KeyCorp lifted its target to $325 from $285 and kept an overweight rating, adding to the bullish analyst sentiment around SNOW. Article
Positive Sentiment: RBC said CEO Sridhar Ramaswamy’s performance-based stock award is another positive sign for Snowflake’s AI growth strategy, suggesting management incentives are aligned with long-term value creation. Article
Positive Sentiment: Media coverage highlighted Snowflake as one of the “hypergrowth” or “surprise” stocks to watch for 2026, reinforcing investor interest in the company’s AI and cloud growth narrative. Article
Neutral Sentiment: Snowflake also unveiled a large CEO pay plan tied to ambitious long-term stock-price goals, which may be viewed as a commitment to growth but could draw scrutiny over compensation levels. Article
Neutral Sentiment: Snowflake’s recent article coverage also noted continued product progress, including secure AI workflows for financial-data customers through Rogo, supporting the company’s broader AI adoption story. Article

About Snowflake

(Free Report)

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.