Economy

Institutional Investor's Anti-Third Bancorp Fifth (NASDAQ:FITB) Sentiment In Q2 2017

The firm owned 13,152,538 shares of the financial services provider's stock after acquiring an additional 224,800 shares during the quarter. The value of the position overall is down by 6.7%.

Fifth Third Private Bank provides access to investment and planning solutions to preserve clients' wealth, increase assets, protect businesses and leave a lasting legacy for high net-worth individuals and families. Andra Ap-fonden controls 159,900 shares with a value of $4,474,000. Dreman Value Management L L C stated it has 0.18% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). The stock had a trading volume of 17,027,636 shares. This is a boost from Fifth Third Bancorp's previous quarterly dividend of $0.14. Prudential Financial Inc. raised its position in Fifth Third Bancorp by 1.5% in the second quarter. The investment professionals in our partner's database now own: 573.75 million shares, down from 591.88 million shares in 2017Q1.

Want to see what other hedge funds are holding FITB? It is negative, as 52 investors sold Fifth Third Bancorp shares while 217 reduced holdings. Following the transaction, the executive vice president now owns 154,577 shares in the company, valued at $4,461,092.22. Also, EVP Timothy Spence sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $26.21, for a total transaction of $183,574.84. The disclosure for this sale can be found here. Company insiders own 0.38% of the company's stock.

FITB has been the subject of a number of research analyst reports. BidaskClub lowered shares of Fifth Third Bancorp from a "buy" rating to a "hold" rating in a research note on Saturday, August 12th. Robert W. Baird cut shares of Fifth Third Bancorp from a "neutral" rating to an "underperform" rating and set a $24.00 price target on the stock.in a research report on Monday, October 2nd.

Finally, Jefferies Group LLC restated a "hold" rating and issued a $28.00 price objective on shares of Fifth Third Bancorp in a report on Friday, July 14th. On Tuesday, March 8 the stock rating was upgraded by Stephens to "Overweight".

October 9 investment analysts at Citigroup held the stock rating at "Neutral" and raised the price target to $31.00 from $20.00.

Seizert Capital Partners Llc holds 3.14% of its portfolio in Fifth Third Bancorp for 3.34 million shares. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & global trademark and copyright legislation. The stock of Fifth Third Bancorp (NASDAQ:FITB) has "Buy" rating given on Thursday, June 22 by RBC Capital Markets.

Third Bancorp Fifth (NASDAQ:FITB) institutional sentiment decreased to 0.81 in 2017 Q2. Beta factor, which is used to measure risk associated with the stock, was 1.35.

The Boeing Company (NYSE:BA) trades at $258.5 having a market capitalization of $155.64 billion.

Company shares last traded at $29.01 which is marginally higher than $27.78, the stock's 50 day moving average and significantly above the 200 day moving average of $26.09.

Recently, the stock has been noted -0.73% away from it's 52- week high and 25.84% separated from its 52 week low. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since November 2, 2016 and is uptrending. Shares are clocking price at $28.96 with change of 0.21%. The average analysts gave this company a mean recommendation of 1.90. Fifth Third Bancorp now has $20.64B valuation. Analysts expect next quarter's EPS to be $0.45 and the next full year EPS is projected to be $2.04.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. The short-interest ratio decreased to 6.0 and the percentage of shorted shares is 0.04% as of September 29. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Thursday, September 28th. Boston Advisors Ltd has invested 0.01% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Fifth Third Bancorp's dividend payout ratio (DPR) is presently 25.49%. Fifth Third Bancorp (FITB) has made its way to a 12-month gain of 32.54%. The Firm 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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