10,077 Shares in Fifth Third Bancorp (FITB) Purchased by Claybrook Capital LLC

Share on StockTwits

Claybrook Capital LLC purchased a new stake in Fifth Third Bancorp (NASDAQ:FITB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,077 shares of the financial services provider’s stock, valued at approximately $237,000.

A number of other institutional investors have also added to or reduced their stakes in FITB. MUFG Securities EMEA plc purchased a new position in Fifth Third Bancorp during the fourth quarter valued at approximately $6,313,000. LMR Partners LLP raised its position in Fifth Third Bancorp by 116.8% during the fourth quarter. LMR Partners LLP now owns 993,029 shares of the financial services provider’s stock valued at $23,366,000 after acquiring an additional 535,039 shares in the last quarter. Lord Abbett & CO. LLC raised its position in Fifth Third Bancorp by 0.7% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,256,200 shares of the financial services provider’s stock valued at $29,558,000 after acquiring an additional 9,200 shares in the last quarter. Geode Capital Management LLC raised its position in Fifth Third Bancorp by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 9,475,947 shares of the financial services provider’s stock valued at $222,615,000 after acquiring an additional 574,887 shares in the last quarter. Finally, Kinneret Advisory LLC purchased a new position in Fifth Third Bancorp during the fourth quarter valued at approximately $80,000. Institutional investors own 82.08% of the company’s stock.

Shares of NASDAQ:FITB opened at $28.41 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $18.07 billion, a PE ratio of 11.19, a PEG ratio of 1.30 and a beta of 1.33. Fifth Third Bancorp has a 1 year low of $22.12 and a 1 year high of $34.67.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.02. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Fifth Third Bancorp had a return on equity of 12.34% and a net margin of 27.32%. During the same period in the previous year, the company posted $0.48 earnings per share. Research analysts anticipate that Fifth Third Bancorp will post 2.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, March 28th. Fifth Third Bancorp’s dividend payout ratio is presently 34.65%.

FITB has been the subject of several recent research reports. Vining Sparks reiterated a “buy” rating and set a $36.00 price target on shares of Fifth Third Bancorp in a research report on Tuesday, January 22nd. Raymond James set a $30.00 price objective on Fifth Third Bancorp and gave the company a “buy” rating in a report on Wednesday, January 23rd. Citigroup raised Fifth Third Bancorp from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $37.00 to $29.00 in a report on Wednesday, January 9th. Zacks Investment Research raised Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, January 8th. Finally, Barclays dropped their price objective on Fifth Third Bancorp from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.27.

In other news, EVP Frank R. Forrest sold 26,000 shares of Fifth Third Bancorp stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $26.37, for a total value of $685,620.00. Following the sale, the executive vice president now directly owns 62,974 shares of the company’s stock, valued at $1,660,624.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Macon Daily and is the property of of Macon Daily. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://macondaily.com/2019/03/15/10077-shares-in-fifth-third-bancorp-fitb-purchased-by-claybrook-capital-llc.html.

About Fifth Third Bancorp

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.

Further Reading: How are the companies in the S&P 500 selected?

Want to see what other hedge funds are holding FITB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fifth Third Bancorp (NASDAQ:FITB).

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

Receive News & Ratings for Fifth Third Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fifth Third Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.