Fsi Group Lowers stake in Fifth Third Bancorp (FITB)

Fifth Third Bancorp (FITB) : Fsi Group reduced its stake in Fifth Third Bancorp by 21.56% during the most recent quarter end. The investment management company now holds a total of 192,167 shares of Fifth Third Bancorp which is valued at $3,672,311 after selling 52,833 shares in Fifth Third Bancorp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Fifth Third Bancorp makes up approximately 2.15% of Fsi Group’s portfolio.

Other Hedge Funds, Including , Seizert Capital Partners boosted its stake in FITB in the latest quarter, The investment management firm added 406,879 additional shares and now holds a total of 3,287,048 shares of Fifth Third Bancorp which is valued at $62,815,487. Fifth Third Bancorp makes up approx 2.24% of Seizert Capital Partners’s portfolio.Geneva Advisors boosted its stake in FITB in the latest quarter, The investment management firm added 736 additional shares and now holds a total of 30,395 shares of Fifth Third Bancorp which is valued at $584,800. Fifth Third Bancorp makes up approx 0.01% of Geneva Advisors’s portfolio.Stoneridge Investment Partners boosted its stake in FITB in the latest quarter, The investment management firm added 6,231 additional shares and now holds a total of 107,476 shares of Fifth Third Bancorp which is valued at $2,004,427. Fifth Third Bancorp makes up approx 0.28% of Stoneridge Investment Partners’s portfolio.Atria Investments reduced its stake in FITB by selling 536 shares or 4.94% in the most recent quarter. The Hedge Fund company now holds 10,316 shares of FITB which is valued at $185,069. Fifth Third Bancorp makes up approx 0.02% of Atria Investments’s portfolio.Gateway Investment Advisers reduced its stake in FITB by selling 3,515 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 148,555 shares of FITB which is valued at $2,665,077. Fifth Third Bancorp makes up approx 0.02% of Gateway Investment Advisers’s portfolio.

Fifth Third Bancorp closed down -0.1 points or -0.51% at $19.52 with 47,62,365 shares getting traded on Tuesday. Post opening the session at $19.67, the shares hit an intraday low of $19.52 and an intraday high of $19.72 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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