Barrow Hanley Mewhinney & Strauss LLC Decreases Position in Fifth Third Bancorp (FITB)

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in Fifth Third Bancorp (NASDAQ:FITB) by 17.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,106,345 shares of the financial services provider’s stock after selling 1,264,188 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Fifth Third Bancorp were worth $185,267,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FITB. First Trust Advisors LP boosted its stake in Fifth Third Bancorp by 93.2% in the fourth quarter. First Trust Advisors LP now owns 3,726,358 shares of the financial services provider’s stock valued at $113,058,000 after acquiring an additional 1,797,343 shares during the period. Bank of Montreal Can boosted its stake in Fifth Third Bancorp by 83.1% in the fourth quarter. Bank of Montreal Can now owns 3,058,088 shares of the financial services provider’s stock valued at $92,783,000 after acquiring an additional 1,388,121 shares during the period. APG Asset Management N.V. boosted its stake in Fifth Third Bancorp by 334.2% in the fourth quarter. APG Asset Management N.V. now owns 1,193,299 shares of the financial services provider’s stock valued at $30,150,000 after acquiring an additional 918,500 shares during the period. Rockefeller Financial Services Inc. boosted its stake in Fifth Third Bancorp by 118.9% in the fourth quarter. Rockefeller Financial Services Inc. now owns 1,597,736 shares of the financial services provider’s stock valued at $48,475,000 after acquiring an additional 867,916 shares during the period. Finally, PGGM Investments boosted its stake in Fifth Third Bancorp by 170.3% in the fourth quarter. PGGM Investments now owns 896,600 shares of the financial services provider’s stock valued at $27,203,000 after acquiring an additional 564,850 shares during the period. Institutional investors and hedge funds own 84.41% of the company’s stock.

In related news, CEO Greg D. Carmichael sold 87,613 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $32.37, for a total transaction of $2,836,032.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mark D. Hazel sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $32.81, for a total value of $246,075.00. Following the sale, the senior vice president now directly owns 62,254 shares in the company, valued at approximately $2,042,553.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 122,086 shares of company stock worth $3,951,344. Corporate insiders own 0.38% of the company’s stock.

A number of equities analysts have commented on the company. BidaskClub upgraded Fifth Third Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. BMO Capital Markets restated a “hold” rating and issued a $32.00 target price on shares of Fifth Third Bancorp in a research note on Friday, December 8th. Oppenheimer restated a “hold” rating on shares of Fifth Third Bancorp in a research note on Thursday, December 7th. Zacks Investment Research downgraded Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 12th. Finally, Nomura lifted their target price on Fifth Third Bancorp from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Fifth Third Bancorp has an average rating of “Hold” and an average price target of $30.70.

Shares of Fifth Third Bancorp (NASDAQ FITB) opened at $33.13 on Monday. The firm has a market capitalization of $23,380.00, a P/E ratio of 11.62, a PEG ratio of 1.83 and a beta of 1.36. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.99. Fifth Third Bancorp has a twelve month low of $23.20 and a twelve month high of $33.91.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Fifth Third Bancorp had a return on equity of 9.65% and a net margin of 27.08%. During the same quarter in the previous year, the company posted $0.49 earnings per share. sell-side analysts forecast that Fifth Third Bancorp will post 2.3 EPS for the current year.

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

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