Capwealth Advisors Lowers stake in Fifth Third Bancorp (FITB)

Fifth Third Bancorp (FITB) : Capwealth Advisors reduced its stake in Fifth Third Bancorp by 7.36% during the most recent quarter end. The investment management company now holds a total of 153,514 shares of Fifth Third Bancorp which is valued at $2,910,625 after selling 12,191 shares in Fifth Third Bancorp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Fifth Third Bancorp makes up approximately 0.69% of Capwealth Advisors’s portfolio.

Other Hedge Funds, Including , Mutual Of America Capital Management boosted its stake in FITB in the latest quarter, The investment management firm added 28,723 additional shares and now holds a total of 167,446 shares of Fifth Third Bancorp which is valued at $3,174,776. Fifth Third Bancorp makes up approx 0.07% of Mutual Of America Capital Management’s portfolio. Achievement Holdings sold out all of its stake in FITB during the most recent quarter. The investment firm sold 35,600 shares of FITB which is valued $663,940. Diversified Trust Co sold out all of its stake in FITB during the most recent quarter. The investment firm sold 12,634 shares of FITB which is valued $235,624.Pitcairn Co reduced its stake in FITB by selling 33 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 15,256 shares of FITB which is valued at $284,524. Fifth Third Bancorp makes up approx 0.04% of Pitcairn Co’s portfolio.Creative Planning reduced its stake in FITB by selling 648 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 87,889 shares of FITB which is valued at $1,576,729. Fifth Third Bancorp makes up approx 0.01% of Creative Planning’s portfolio.

Fifth Third Bancorp closed down -0.17 points or -0.87% at $19.4 with 63,85,385 shares getting traded on Monday. Post opening the session at $19.62, the shares hit an intraday low of $19.38 and an intraday high of $19.72 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Fifth Third Bancorp reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.38.Analysts expectations of $ 1514.80.During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Fifth Third Bancorp. Fifth Third Bancorp was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 5, 2016. Fifth Third Bancorp was Downgraded by Susquehanna to ” Neutral” on Jun 7, 2016. Company shares were Upgraded by Keefe Bruyette on May 16, 2016 to ” Outperform”, Firm has raised the Price Target to $ 20.50 from a previous price target of $19 .

Fifth Third Bancorp is a bank holding company. The Company’s subsidiary Fifth Third Bank provide a range of financial products and services to the retail commercial financial governmental educational and medical sectors and credit products such as credit cards installment loans mortgage loans and leases. The Company operates in four business segments: Commercial Banking Branch Banking Consumer Lending and Investment Advisors. Commercial Banking offers credit intermediation cash management and financial services to market businesses and Government and professional customers. Branch Banking provides a range of deposit and loan and lease products to individuals and businesses through approximately 1302 Banking Centers. Consumer Lending includes its mortgage home equity automobile and other indirect lending activities. Investment Advisors provides a range of investment alternatives for individuals companies and not-for-profit organizations.

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