Fifth Third Bancorp (NASDAQ:FITB) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its holdings in Fifth Third Bancorp (NASDAQ:FITB) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,799 shares of the financial services provider’s stock after selling 4,404 shares during the period. Hantz Financial Services Inc.’s holdings in Fifth Third Bancorp were worth $5,742,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. OneDigital Investment Advisors LLC lifted its position in Fifth Third Bancorp by 1.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 20,505 shares of the financial services provider’s stock worth $878,000 after acquiring an additional 222 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its position in Fifth Third Bancorp by 7.5% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 3,332 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 232 shares in the last quarter. Eads & Heald Wealth Management lifted its position in Fifth Third Bancorp by 3.0% during the 4th quarter. Eads & Heald Wealth Management now owns 8,201 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 235 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Fifth Third Bancorp by 4.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 5,475 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 246 shares in the last quarter. Finally, Quent Capital LLC lifted its position in Fifth Third Bancorp by 9.9% during the 3rd quarter. Quent Capital LLC now owns 2,745 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 248 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on FITB. Evercore ISI lifted their price objective on Fifth Third Bancorp from $46.00 to $47.00 and gave the stock an “in-line” rating in a report on Wednesday, October 2nd. DA Davidson lifted their price objective on Fifth Third Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and set a $47.00 price objective on shares of Fifth Third Bancorp in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their price objective on Fifth Third Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Truist Financial lifted their price objective on Fifth Third Bancorp from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.75.

Fifth Third Bancorp Trading Down 1.4 %

NASDAQ:FITB opened at $44.17 on Thursday. Fifth Third Bancorp has a 12-month low of $32.29 and a 12-month high of $49.07. The firm has a market capitalization of $29.62 billion, a P/E ratio of 14.07, a P/E/G ratio of 1.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.80 and a quick ratio of 0.82. The business has a 50 day simple moving average of $44.65 and a 200 day simple moving average of $43.27.

Fifth Third Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 3.35%. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 47.13%.

About Fifth Third Bancorp

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.