Bank of New York Mellon Corp Has $178.73 Million Holdings in Fifth Third Bancorp (FITB)

Bank of New York Mellon Corp trimmed its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB) by 2.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,890,953 shares of the financial services provider’s stock after selling 132,128 shares during the period. Bank of New York Mellon Corp’s holdings in Fifth Third Bancorp were worth $178,731,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Sanders Capital LLC boosted its holdings in Fifth Third Bancorp by 1.1% during the fourth quarter. Sanders Capital LLC now owns 13,300,838 shares of the financial services provider’s stock valued at $428,100,000 after acquiring an additional 148,300 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Fifth Third Bancorp by 0.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,370,533 shares of the financial services provider’s stock valued at $206,228,000 after buying an additional 68,086 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Fifth Third Bancorp by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 6,281,010 shares of the financial services provider’s stock valued at $190,564,000 after buying an additional 256,235 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Fifth Third Bancorp by 3.0% in the third quarter. Russell Investments Group Ltd. now owns 4,083,708 shares of the financial services provider’s stock valued at $114,232,000 after buying an additional 118,177 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Fifth Third Bancorp by 1.8% in the third quarter. Legal & General Group Plc now owns 3,942,017 shares of the financial services provider’s stock valued at $110,295,000 after buying an additional 71,404 shares during the period. 84.01% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on FITB shares. Royal Bank of Canada reiterated a “buy” rating on shares of Fifth Third Bancorp in a research note on Sunday, December 10th. Zacks Investment Research cut shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 12th. BMO Capital Markets reiterated a “hold” rating and issued a $32.00 target price on shares of Fifth Third Bancorp in a research note on Friday, December 8th. Macquarie cut shares of Fifth Third Bancorp from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $28.47 to $26.00 in a research note on Friday, November 17th. Finally, BidaskClub upgraded shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $30.70.

Fifth Third Bancorp (NASDAQ:FITB) opened at $32.87 on Friday. The company has a market cap of $23,041.26, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.83 and a beta of 1.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.89 and a current ratio of 0.90. Fifth Third Bancorp has a one year low of $23.20 and a one year high of $33.93.

Fifth Third Bancorp (NASDAQ:FITB) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Fifth Third Bancorp had a net margin of 27.08% and a return on equity of 9.65%. During the same quarter last year, the company earned $0.49 earnings per share. equities analysts expect that Fifth Third Bancorp will post 2.3 EPS for the current year.

In other news, EVP Jelena Mcwilliams sold 1,952 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $33.01, for a total transaction of $64,435.52. Following the completion of the sale, the executive vice president now owns 6,034 shares of the company’s stock, valued at $199,182.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Mark D. Hazel sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $32.81, for a total transaction of $246,075.00. Following the sale, the senior vice president now directly owns 62,254 shares of the company’s stock, valued at approximately $2,042,553.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,086 shares of company stock valued at $3,951,344. Corporate insiders own 0.38% of the company’s stock.

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About Fifth Third Bancorp

Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States.

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

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