WINTON GROUP Ltd Sells 61,107 Shares of Fifth Third Bancorp $FITB

WINTON GROUP Ltd decreased its position in shares of Fifth Third Bancorp (NASDAQ:FITB) by 44.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,054 shares of the financial services provider’s stock after selling 61,107 shares during the quarter. WINTON GROUP Ltd’s holdings in Fifth Third Bancorp were worth $3,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FITB. Evolution Wealth Management Inc. bought a new stake in shares of Fifth Third Bancorp during the second quarter worth about $26,000. Westside Investment Management Inc. boosted its stake in Fifth Third Bancorp by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 584 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 292 shares during the last quarter. United Community Bank boosted its stake in Fifth Third Bancorp by 581.0% during the 3rd quarter. United Community Bank now owns 681 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 581 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Fifth Third Bancorp during the second quarter worth $48,000. Finally, Country Trust Bank purchased a new stake in Fifth Third Bancorp in the 2nd quarter valued at $51,000. 83.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Jude Schramm sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $48.50, for a total value of $109,125.00. Following the transaction, the executive vice president owned 129,191 shares in the company, valued at approximately $6,265,763.50. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.53% of the company’s stock.

Fifth Third Bancorp Stock Performance

Shares of FITB stock opened at $46.59 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a market cap of $42.02 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 0.95 and a beta of 0.96. Fifth Third Bancorp has a 52 week low of $32.25 and a 52 week high of $55.44. The firm’s 50-day simple moving average is $50.63 and its two-hundred day simple moving average is $46.62.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FITB shares. Wolfe Research lifted their price objective on shares of Fifth Third Bancorp from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Morgan Stanley boosted their price target on shares of Fifth Third Bancorp from $60.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Barclays upped their price objective on shares of Fifth Third Bancorp from $51.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Truist Financial boosted their target price on Fifth Third Bancorp from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Stephens upped their target price on Fifth Third Bancorp from $54.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.91.

Fifth Third Bancorp Profile

Fifth Third Bancorp is a Cincinnati, Ohio–based bank holding company whose primary banking subsidiary operates as Fifth Third Bank. The company provides a broad range of financial services to individual consumers, small businesses, middle-market companies and large corporations. Its business mix includes retail and commercial banking, lending, payment and card services, treasury and cash management, and wealth management and investment advisory services delivered through a combination of branch locations, commercial offices and digital platforms.

On the consumer side, Fifth Third offers deposit accounts, consumer loans, mortgages, auto financing and credit card products, along with digital banking and mobile services.