Rehmann Capital Advisory Group grew its holdings in Fifth Third Bancorp (NASDAQ:FITB) by 28.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,931 shares of the financial services provider’s stock after buying an additional 5,671 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Fifth Third Bancorp were worth $744,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FITB. AlphaMark Advisors LLC raised its holdings in Fifth Third Bancorp by 1.2% during the second quarter. AlphaMark Advisors LLC now owns 137,778 shares of the financial services provider’s stock worth $3,954,000 after purchasing an additional 1,697 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Fifth Third Bancorp by 4.3% during the second quarter. Janney Montgomery Scott LLC now owns 41,948 shares of the financial services provider’s stock worth $1,204,000 after purchasing an additional 1,746 shares during the last quarter. HRT Financial LLC raised its holdings in Fifth Third Bancorp by 21.6% during the first quarter. HRT Financial LLC now owns 10,140 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 1,801 shares during the last quarter. Amalgamated Bank increased its position in Fifth Third Bancorp by 2.2% during the second quarter. Amalgamated Bank now owns 88,440 shares of the financial services provider’s stock worth $2,538,000 after buying an additional 1,939 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in Fifth Third Bancorp by 1.8% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 109,642 shares of the financial services provider’s stock worth $3,147,000 after buying an additional 1,980 shares in the last quarter. 83.91% of the stock is owned by institutional investors and hedge funds.

Shares of FITB traded down $0.39 during midday trading on Friday, reaching $26.84. 9,617,059 shares of the company were exchanged, compared to its average volume of 5,817,386. The stock has a market cap of $18.65 billion, a PE ratio of 10.01, a P/E/G ratio of 1.55 and a beta of 1.27. Fifth Third Bancorp has a 1-year low of $26.32 and a 1-year high of $34.67. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.06. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Fifth Third Bancorp had a return on equity of 11.12% and a net margin of 32.86%. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, research analysts anticipate that Fifth Third Bancorp will post 2.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, September 27th. Fifth Third Bancorp’s dividend payout ratio is presently 26.87%.

FITB has been the subject of several recent research reports. ValuEngine downgraded Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Morgan Stanley dropped their price target on Fifth Third Bancorp from $35.50 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 18th. BidaskClub downgraded Fifth Third Bancorp from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 1st. Wedbush set a $34.00 price target on Fifth Third Bancorp and gave the stock a “buy” rating in a research report on Thursday, September 20th. Finally, UBS Group raised Fifth Third Bancorp from a “sell” rating to a “neutral” rating and set a $26.00 price objective for the company in a research report on Friday, July 20th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $32.69.

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.

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

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