Fifth Third Bancorp (NASDAQ:FITB) Shares Sold by Osborn Williams & Donohoe LLC

Osborn Williams & Donohoe LLC trimmed its position in shares of Fifth Third Bancorp (NASDAQ:FITB) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,783 shares of the financial services provider’s stock after selling 6,505 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Fifth Third Bancorp were worth $3,816,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System increased its stake in shares of Fifth Third Bancorp by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 334,535 shares of the financial services provider’s stock worth $9,334,000 after purchasing an additional 4,900 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Fifth Third Bancorp by 4.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 1,161,871 shares of the financial services provider’s stock worth $29,302,000 after purchasing an additional 49,174 shares in the last quarter. Cerebellum GP LLC increased its position in shares of Fifth Third Bancorp by 331.2% during the 2nd quarter. Cerebellum GP LLC now owns 12,777 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 9,814 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Fifth Third Bancorp by 7.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 4,511,079 shares of the financial services provider’s stock worth $113,769,000 after purchasing an additional 308,735 shares in the last quarter. Finally, Cleararc Capital Inc. increased its position in shares of Fifth Third Bancorp by 22.3% during the 1st quarter. Cleararc Capital Inc. now owns 13,755 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 2,504 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Shares of NASDAQ:FITB traded down $0.86 during trading on Wednesday, hitting $26.40. 344,703 shares of the company’s stock were exchanged, compared to its average volume of 5,459,161. The company’s 50-day moving average is $28.18. Fifth Third Bancorp has a 1-year low of $22.12 and a 1-year high of $30.31. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 1.40 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.89 and a current ratio of 0.90.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. Fifth Third Bancorp had a net margin of 24.39% and a return on equity of 11.51%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the firm earned $0.63 EPS. On average, research analysts predict that Fifth Third Bancorp will post 2.81 EPS for the current fiscal year.

Fifth Third Bancorp declared that its Board of Directors has authorized a share buyback plan on Tuesday, June 18th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.24 per share. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.96 annualized dividend and a yield of 3.64%. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 37.80%.

In related news, Director Jewell D. Hoover sold 3,739 shares of Fifth Third Bancorp stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $26.51, for a total transaction of $99,120.89. Following the transaction, the director now owns 50,397 shares of the company’s stock, valued at approximately $1,336,024.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Lars C. Anderson sold 25,000 shares of Fifth Third Bancorp stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $29.75, for a total transaction of $743,750.00. Following the transaction, the chief operating officer now directly owns 241,579 shares in the company, valued at approximately $7,186,975.25. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

FITB has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Fifth Third Bancorp from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Nomura set a $29.00 target price on shares of Fifth Third Bancorp and gave the stock a “hold” rating in a research report on Friday, July 26th. BidaskClub upgraded shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. dropped their target price on shares of Fifth Third Bancorp from $30.50 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Raymond James raised their price objective on shares of Fifth Third Bancorp from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.27.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

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Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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