Today, 821 Shares of Fifth Third Bancorp (FITB) are sold by Northwestern Mutual Wealth Management Co.

Today, 821 Shares of Fifth Third Bancorp (FITB) are sold by Northwestern Mutual Wealth Management Co.
Northwestern Mutual Wealth Management Co. cut its position in shares of Fifth Third Bancorp (NASDAQ:FITB) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,796 shares of the financial services provider’s stock after selling 821 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fifth Third Bancorp were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Duncker Streett & Co. Inc. raised its position in Fifth Third Bancorp by 0.3% in the second quarter. Duncker Streett & Co. Inc. now owns 6,419 shares of the financial services provider’s stock worth $113,000 after buying an additional 20 shares in the last quarter. Woodstock Corp raised its position in Fifth Third Bancorp by 0.5% in the second quarter. Woodstock Corp now owns 15,625 shares of the financial services provider’s stock worth $275,000 after buying an additional 75 shares in the last quarter. Banced Corp raised its position in Fifth Third Bancorp by 0.7% in the second quarter. Banced Corp now owns 18,101 shares of the financial services provider’s stock worth $342,000 after buying an additional 117 shares in the last quarter. Bollard Group LLC raised its position in Fifth Third Bancorp by 0.7% in the second quarter. Bollard Group LLC now owns 17,474 shares of the financial services provider’s stock worth $307,000 after buying an additional 124 shares in the last quarter. Finally, Boston Private Wealth LLC raised its position in Fifth Third Bancorp by 0.4% in the second quarter. Boston Private Wealth LLC now owns 31,977 shares of the financial services provider’s stock worth $562,000 after buying an additional 139 shares in the last quarter. Institutional investors own 81.98% of the company’s stock.

Shares of Fifth Third Bancorp (NASDAQ:FITB) traded down 0.57% on Friday, hitting $26.14. 3,297,388 shares of the stock traded hands. Fifth Third Bancorp has a 12-month low of $13.84 and a 12-month high of $26.63. The stock has a market cap of $19.75 billion, a price-to-earnings ratio of 11.59 and a beta of 1.20. The stock has a 50-day moving average price of $22.44 and a 200 day moving average price of $19.83.

Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Thursday, October 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.41 by $0.24. Fifth Third Bancorp had a net margin of 24.69% and a return on equity of 10.00%. During the same period in the previous year, the business earned $0.45 earnings per share. On average, analysts anticipate that Fifth Third Bancorp will post $1.88 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on FITB. Jefferies Group reaffirmed a “buy” rating on shares of Fifth Third Bancorp in a report on Wednesday, August 3rd. FBR & Co reaffirmed a “hold” rating and issued a $20.00 target price on shares of Fifth Third Bancorp in a report on Friday, July 29th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a report on Thursday, October 20th. Compass Point downgraded shares of Fifth Third Bancorp from a “buy” rating to a “neutral” rating in a report on Friday, November 18th. Finally, Zacks Investment Research raised shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, October 4th. Three analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have issued a buy rating to the company’s stock. Fifth Third Bancorp currently has an average rating of “Hold” and an average price target of $20.66.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp is a bank holding company and a financial holding company. The Company 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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