Economy

State of Tennessee Treasury Department Trims Holdings in Fifth Third Bancorp (FITB)

Navigant Consulting now has $814.16M valuation. The company had a trading volume of 5,263,368 shares. It is down 16.19% since November 14, 2016 and is uptrending. It has outperformed by 11.06% the S&P500.

Fifth Third Bancorp (NASDAQ:FITB) ended its day at $27.67 with the rising stream of -1.21% and its total traded volume was 6.78 million shares more than the average volume. FITB's SI was 18.50M shares in November as released by FINRA. Geneva Advsrs Lc owns 27,199 shares. Cornerstone Advisors Inc. raised its position in Fifth Third Bancorp by 14.2% in the second quarter. About 708,631 shares traded. Fifth Third Bancorp has a 52 week low of $23.20 and a 52 week high of $29.39. It has outperformed by 16.60% the S&P500. Fifth Third Bancorp's payout ratio is presently 23.97%. Therefore 65% are positive. Also, EVP Timothy Spence sold 15,000 shares of Fifth Third Bancorp stock in a transaction on Thursday, October 26th. On October 9 Citigroup maintained a company rating of "Neutral" targeting a price of $31.00. The firm has "Equal Weight" rating by Barclays Capital given on Tuesday, January 3. Bank of America Corporation upped their target price on shares of Fifth Third Bancorp from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 25th. They set a "neutral" rating and a $22.00 price target on the stock. Jefferies Group reissued a "hold" rating on shares of Fifth Third Bancorp in a report on Monday, October 24th. The stock has "Sell" rating by UBS on Friday, October 6. Horan Capital Advisors LLC. acquired a new position in Fifth Third Bancorp during the 3rd quarter worth $102,000. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%.

Investors sentiment decreased to 0.81 in 2017 Q2. Its up 0.21, from 1.13 in 2017Q1. Finally, Oppenheimer Holdings, Inc. restated a "hold" rating on shares of Fifth Third Bancorp in a research report on Tuesday, October 24th. 602.51 million shares or 1.81% more from 591.78 million shares in 2017Q1 were reported.

Among analysts who offered their Analysis on Fifth Third Bancorp (FITB)-1 analysts issued Buy for the stock, 2 analysts gave Outperform rating, 22 think it's a Hold, 1 issued Underperform, while 2 analyst gave a Sell rating. Carroll Financial Associates has invested 0.05% in Fifth Third Bancorp (NASDAQ:FITB).

Shares of Fifth Third Bancorp (FITB) opened at $28.19 on Tuesday. Hourglass Capital Limited Liability holds 0.45% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 69,750 shares. Mitsubishi Ufj Ltd stated it has 880 shares. Pinnacle Holdg Limited Co stated it has 11,275 shares or 0% of all its holdings. Geode Capital Management LLC increased its stake in shares of Fifth Third Bancorp by 0.6% in the first quarter. Shareholders of record on Friday, September 30th were given a $0.13 dividend. This represents a $0.64 annualized dividend and a yield of 2.27%. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.93.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. Liberty Mutual Gru Asset has invested 0.05% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Toronto Dominion Bank & Trust, a Ontario - Canada-based fund reported 26,440 shares. Wealthfront Incorporated holds 0.01% or 25,338 shares in its portfolio. 1St Source Savings Bank has invested 0.02% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). The company has a market cap of $19.76 Billion. 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. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. Salzhauer Michael acquired 86,004 shares as Fifth Third Bancorp (FITB)'s stock declined 12.20%. News Corp New (NASDAQ:NWS) was raised too.

Investors sentiment decreased to 0.83 in Q2 2017. Its down 0.04, from 0.85 in 2017Q1. Short shares fell 5,156,701 over that period. 110 funds opened positions while 494 raised stakes. Connor Clark And Lunn Mgmt Limited reported 197,875 shares or 0.03% of all its holdings. Rothschild Asset holds 0.59% of its portfolio in PVH Corp (NYSE:PVH) for 459,596 shares. Mountain Pacific Investment Advisers Id holds 24,320 shares or 0.07% of its portfolio. (NYSE:NCI) for 40,402 shares. Pioneer holds 867,603 shares. Capstone Asset Mngmt reported 8,949 shares or 0.03% of all its holdings. (NYSE:NCI). Art Advsr Limited Liability Company reported 12,900 shares stake. Seizert Capital Prtn Ltd Liability Com, Michigan-based fund reported 3.34 million shares. (NYSE:NCI). 92,000 were accumulated by Employees Retirement Of Texas. (NYSE:NCI). Gru invested in 35,331 shares. Great Lakes Advsr invested in 0.01% or 3,038 shares.

Analysts await Navigant Consulting, Inc. During the same quarter past year, the business earned $0.65 earnings per share. NCI's profit will be $18.37M for 11.08 P/E if the $0.40 EPS becomes a reality. During the same quarter last year, the business earned $0.65 EPS. research analysts expect that Fifth Third Bancorp will post 1.8 earnings per share for the current fiscal year.

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