WealthTrust Axiom LLC increased its position in Fifth Third Bancorp (NASDAQ:FITB) by 44.7% during the second quarter, Holdings Channel reports. The fund owned 191,756 shares of the financial services provider’s stock after buying an additional 59,206 shares during the period. Fifth Third Bancorp comprises approximately 1.3% of WealthTrust Axiom LLC’s holdings, making the stock its 25th largest position. WealthTrust Axiom LLC’s holdings in Fifth Third Bancorp were worth $3,372,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. increased its position in shares of Fifth Third Bancorp by 0.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 662,786 shares of the financial services provider’s stock worth $11,062,000 after buying an additional 6,097 shares in the last quarter. DnB Asset Management AS increased its position in shares of Fifth Third Bancorp by 66.0% in the first quarter. DnB Asset Management AS now owns 65,133 shares of the financial services provider’s stock worth $1,087,000 after buying an additional 25,900 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Fifth Third Bancorp by 10.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 185,424 shares of the financial services provider’s stock worth $3,095,000 after buying an additional 17,473 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its position in shares of Fifth Third Bancorp by 7.1% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 190,698 shares of the financial services provider’s stock worth $3,183,000 after buying an additional 12,655 shares in the last quarter. Finally, PGGM Investments increased its position in shares of Fifth Third Bancorp by 2.5% in the first quarter. PGGM Investments now owns 544,982 shares of the financial services provider’s stock worth $9,096,000 after buying an additional 13,223 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Shares of Fifth Third Bancorp (NASDAQ:FITB) traded up 0.29% during mid-day trading on Thursday, hitting $20.80. 8,259,580 shares of the stock traded hands. The firm has a 50 day moving average of $19.86 and a 200 day moving average of $18.33. Fifth Third Bancorp has a 12 month low of $13.84 and a 12 month high of $21.14. The stock has a market cap of $15.94 billion, a price-to-earnings ratio of 10.13 and a beta of 1.27.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. Fifth Third Bancorp had a net margin of 23.36% and a return on equity of 9.25%. During the same quarter last year, the firm posted $0.36 earnings per share. On average, equities analysts expect that Fifth Third Bancorp will post $1.60 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.52 annualized dividend and a dividend yield of 2.50%. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 25.49%.

FITB has been the subject of a number of analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $21.00 target price (up previously from $19.50) on shares of Fifth Third Bancorp in a research note on Friday, May 27th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Fifth Third Bancorp in a research note on Saturday, June 4th. Citigroup Inc. raised their target price on shares of Fifth Third Bancorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, June 6th. Susquehanna downgraded shares of Fifth Third Bancorp from a “positive” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Tuesday, June 7th. Finally, Morgan Stanley downgraded shares of Fifth Third Bancorp from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $21.00 to $20.00 in a research note on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and eleven have issued a buy rating to the company’s stock. Fifth Third Bancorp has a consensus rating of “Hold” and an average price target of $20.41.

About Fifth Third Bancorp

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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