13,736 Shares in Fifth Third Bancorp (NASDAQ:FITB) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new stake in shares of Fifth Third Bancorp (NASDAQ:FITB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,736 shares of the financial services provider’s stock, valued at approximately $474,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Fifth Third Bancorp by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 87,343,335 shares of the financial services provider’s stock valued at $3,012,472,000 after acquiring an additional 734,403 shares during the period. Capital World Investors boosted its position in shares of Fifth Third Bancorp by 34.2% in the fourth quarter. Capital World Investors now owns 41,083,928 shares of the financial services provider’s stock worth $1,416,985,000 after purchasing an additional 10,472,392 shares during the period. Boston Partners increased its stake in shares of Fifth Third Bancorp by 11.5% in the fourth quarter. Boston Partners now owns 14,575,735 shares of the financial services provider’s stock worth $502,719,000 after purchasing an additional 1,499,194 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Fifth Third Bancorp by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,247,695 shares of the financial services provider’s stock valued at $318,979,000 after purchasing an additional 393,489 shares during the period. Finally, Norges Bank purchased a new position in shares of Fifth Third Bancorp during the 4th quarter valued at $257,189,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FITB. Stephens reiterated an “equal weight” rating and issued a $41.00 price target on shares of Fifth Third Bancorp in a research note on Tuesday, June 11th. Robert W. Baird reissued a “neutral” rating and set a $32.00 target price on shares of Fifth Third Bancorp in a research note on Monday, April 1st. Wells Fargo & Company upped their price target on Fifth Third Bancorp from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. upgraded shares of Fifth Third Bancorp from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $37.50 to $39.50 in a research report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $40.00 target price on shares of Fifth Third Bancorp in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $37.21.

Insider Buying and Selling

In other Fifth Third Bancorp news, EVP Kala Gibson sold 14,857 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $36.38, for a total transaction of $540,497.66. Following the completion of the transaction, the executive vice president now owns 46,646 shares in the company, valued at $1,696,981.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Jude Schramm sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $37.50, for a total value of $93,750.00. Following the transaction, the executive vice president now directly owns 136,922 shares in the company, valued at $5,134,575. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kala Gibson sold 14,857 shares of Fifth Third Bancorp stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $36.38, for a total transaction of $540,497.66. Following the sale, the executive vice president now owns 46,646 shares of the company’s stock, valued at approximately $1,696,981.48. The disclosure for this sale can be found here. Insiders have sold 22,357 shares of company stock valued at $816,148 in the last ninety days. 0.50% of the stock is owned by company insiders.

Fifth Third Bancorp Price Performance

NASDAQ:FITB opened at $36.06 on Friday. The firm has a market capitalization of $24.67 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 2.49 and a beta of 1.24. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day simple moving average of $36.77 and a 200-day simple moving average of $35.35. Fifth Third Bancorp has a 1 year low of $22.49 and a 1 year high of $39.14.

Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings results on Friday, April 19th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.05. Fifth Third Bancorp had a return on equity of 16.11% and a net margin of 17.70%. The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the company earned $0.78 earnings per share. Equities analysts forecast that Fifth Third Bancorp will post 3.26 EPS for the current year.

Fifth Third Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, June 28th. This represents a $1.40 annualized dividend and a yield of 3.88%. Fifth Third Bancorp’s payout ratio is 44.44%.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.