Economy

Fifth Third Bancorp (NASDAQ:FITB) Shares Sold by Axa

Fifth Third Bancorp (NASDAQ:FITB) Shares Sold by Axa”

The trade volumes are expected to remain volatile during earnings announcement period, as many investors would reconsider their investment in Fifth Third Bancorp based on the results. The firm has "Outperform" rating given on Wednesday, October 21 by RBC Capital Markets. Oppenheimer Holdings has a "Hold" rating on the stock. On average, analysts forecast that Fifth Third Bancorp will post $1.83 EPS for the current fiscal year.

Fifth Third Bancorp (NASDAQ:FITB) touched its 1-Year High price of $28.97 on 03/01/17 and its 1-Year Low price of $19.57 on 10/17/16.

October 20, 2016: FITB reported Q3 earnings of $0.65, beating consensus estimates of $0.41. $647,649 worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by Tanner Teresa J. According to their predictions high & low revenue estimates are 1.67 Billion and 1.54 Billion respectively. During the same period in the previous year, the company earned $0.40 EPS. The company's revenue was up.1% compared to the same quarter a year ago. If you are reading this article on another domain, it was illegally copied and republished in violation of USA & worldwide copyright laws.

FITB has been the subject of several analyst reports. Finally, Ancora Advisors LLC raised its position in Fifth Third Bancorp by 1.7% in the fourth quarter. BidaskClub upgraded Fifth Third Bancorp from a "hold" rating to a "buy" rating in a report on Saturday, August 5th. TheStreet upgraded Fifth Third Bancorp from a "c+" rating to a "b" rating in a research report on Friday, June 23rd. Sanford C. Bernstein's target price would indicate a potential upside of 14.29% from the company's current price. Deutsche Bank AG reissued a "hold" rating and set a $27.00 price target (up from $24.00) on shares of Fifth Third Bancorp in a report on Tuesday. Barclays PLC reiterated an "equal weight" rating and issued a $29.00 target price (up from $22.00) on shares of Fifth Third Bancorp in a research note on Tuesday, January 3rd.

Among 29 analysts covering Fifth Third (NASDAQ:FITB), 5 have Buy rating, 2 Sell and 22 Hold.

Fifth Third Bancorp (NASDAQ:FITB); to cut down amount of noise on price chart, shares of firm has 20 days moving average price of 3.79% from last close price of 27.37 and act as support or resistance of price limit. The stock has moved up across its 50-day moving average of $26.473. It has a 13.84 P/E ratio.

Fifth Third Bancorp (FITB) lies in the middle of a wide and weak rising trend in the short term and issued considerable signs about additional rally. The Waddell & Reed Financial Inc holds 1.80 million shares with $46.84 million value, up from 670,600 last quarter. Camelot Portfolios Ltd Liability Co stated it has 0.1% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). The institutional investor owned 205,207 shares of the financial services provider's stock after selling 71,122 shares during the quarter.

Acropolis Investment Management LLC reduced its position in Fifth Third Bancorp (NASDAQ:FITB) by 2.0% during the first quarter, Holdings Channel reports. Dimensional Fund Advisors LP now owns 10,368,466 shares of the financial services provider's stock worth $269,182,000 after purchasing an additional 431,863 shares during the last quarter. Advisory Services Limited Company owns 0.01% invested in Fifth Third Bancorp (NASDAQ:FITB) for 3,504 shares.

Analysts on average have given a price target of $27.86 to Fifth Third Bancorp (FITB) stock. 573.75 million shares or 3.06% less from 591.88 million shares in 2017Q1 were reported. Hedge funds and other institutional investors own 79.58% of the company's stock.

In other news, EVP Frank R. Forrest sold 7,004 shares of the stock in a transaction that occurred on Friday, August 18th.

Waddell & Reed Financial Inc decreased Acadia Healthcare Company In (NASDAQ:ACHC) stake by 579,856 shares to 1.56M valued at $76.94M in 2017Q2. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction. The ex-dividend date is Thursday, September 28th. This is an increase from Fifth Third Bancorp's previous quarterly dividend of $0.14.



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