MML Investors Services LLC lessened its stake in Fifth Third Bancorp (NASDAQ:FITB) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,412 shares of the financial services provider’s stock after selling 383 shares during the quarter. MML Investors Services LLC’s holdings in Fifth Third Bancorp were worth $386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanders Capital LLC raised its position in shares of Fifth Third Bancorp by 59.6% in the 4th quarter. Sanders Capital LLC now owns 17,818,885 shares of the financial services provider’s stock valued at $468,179,000 after purchasing an additional 6,653,168 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Fifth Third Bancorp by 2,225.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,765,315 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 1,689,396 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Fifth Third Bancorp by 49.4% during the 3rd quarter. Nordea Investment Management AB now owns 3,763,476 shares of the financial services provider’s stock valued at $105,076,000 after acquiring an additional 1,243,646 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Fifth Third Bancorp by 79.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,652,552 shares of the financial services provider’s stock valued at $74,060,000 after acquiring an additional 1,172,626 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Fifth Third Bancorp by 11.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,601,640 shares of the financial services provider’s stock valued at $225,927,000 after acquiring an additional 988,392 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

In related news, EVP Frank R. Forrest sold 26,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $26.37, for a total transaction of $685,620.00. Following the completion of the transaction, the executive vice president now owns 62,974 shares of the company’s stock, valued at $1,660,624.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.40% of the company’s stock.

Several equities research analysts recently issued reports on the company. Sandler O’Neill raised Fifth Third Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. BidaskClub lowered Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Zacks Investment Research raised Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, March 12th. Keefe, Bruyette & Woods raised Fifth Third Bancorp from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Thursday. Finally, ValuEngine lowered Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $31.31.

Shares of FITB stock opened at $26.75 on Friday. Fifth Third Bancorp has a fifty-two week low of $22.12 and a fifty-two week high of $34.67. The stock has a market cap of $17.03 billion, a P/E ratio of 10.53, a PEG ratio of 1.23 and a beta of 1.32. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.97.

Fifth Third Bancorp (NASDAQ:FITB) last announced its earnings results on Tuesday, January 22nd. The financial services provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. Fifth Third Bancorp had a return on equity of 12.34% and a net margin of 27.32%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the business posted $0.48 earnings per share. As a group, sell-side analysts predict that Fifth Third Bancorp will post 2.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.88 annualized dividend and a yield of 3.29%. Fifth Third Bancorp’s dividend payout ratio is currently 34.65%.

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About Fifth Third Bancorp

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

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Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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