Fifth Third Bancorp (NASDAQ:FITB) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB) by 24.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 804,800 shares of the financial services provider’s stock after acquiring an additional 156,900 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.11% of Fifth Third Bancorp worth $15,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Fifth Third Bancorp by 17.2% during the 2nd quarter. Vanguard Group Inc. now owns 74,657,930 shares of the financial services provider’s stock valued at $1,439,405,000 after acquiring an additional 10,973,839 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Fifth Third Bancorp by 92.4% during the 2nd quarter. Bank of America Corp DE now owns 34,153,800 shares of the financial services provider’s stock valued at $658,485,000 after acquiring an additional 16,403,453 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Fifth Third Bancorp by 4.0% during the 1st quarter. Invesco Ltd. now owns 20,193,352 shares of the financial services provider’s stock valued at $299,872,000 after acquiring an additional 780,321 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fifth Third Bancorp by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 12,353,099 shares of the financial services provider’s stock valued at $183,150,000 after acquiring an additional 277,410 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Fifth Third Bancorp by 8.6% in the 1st quarter. Wells Fargo & Company MN now owns 10,417,828 shares of the financial services provider’s stock worth $154,705,000 after buying an additional 828,846 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Shares of NASDAQ:FITB traded up $0.18 during trading on Wednesday, reaching $22.05. 12,531,262 shares of the company’s stock traded hands, compared to its average volume of 7,352,236. Fifth Third Bancorp has a 12 month low of $11.10 and a 12 month high of $31.64. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $15.58 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 1.85 and a beta of 1.70. The company has a 50 day moving average of $20.60 and a 200-day moving average of $19.05.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.20 by $0.10. Fifth Third Bancorp had a net margin of 16.55% and a return on equity of 7.37%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. Fifth Third Bancorp’s quarterly revenue was down 3.0% on a year-over-year basis. Equities research analysts predict that Fifth Third Bancorp will post 1.38 earnings per share for the current fiscal year.

A number of equities analysts have commented on FITB shares. BidaskClub upgraded shares of Fifth Third Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. DA Davidson boosted their price objective on shares of Fifth Third Bancorp from $19.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. ValuEngine lowered shares of Fifth Third Bancorp from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Wells Fargo & Company boosted their price objective on shares of Fifth Third Bancorp from $16.00 to $20.00 in a report on Friday, June 5th. Finally, Deutsche Bank lowered shares of Fifth Third Bancorp from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Tuesday, July 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Fifth Third Bancorp currently has an average rating of “Hold” and an average target price of $24.53.

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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