Doubting Fifth Third Bancorp (FITB)’s Future Is A Dumb Move

Fifth Third Bancorp (NASDAQ:FITB) is at least 6.37% than its current record low price of $22.12. There was a 0.68% gain on 12/31/2018 that led the price to move at $23.53. At recent session, the prices were hovering between $23.19 and $23.735. This company shares are 32.43% off its target price of $31.16 and the current market capitalization stands at $15.68B. The recent change has given its price a -9.54% deficit over SMA 50 and -32.13% deficit over its 52-week high. The stock witnessed -14.19% declines, -15.72% declines and -18.01% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FITB’s volatility during a week at 3.5% and during a month it has been found around 3.52%.

Fifth Third Bancorp (FITB) Top Holders

Institutional investors currently hold around $12.81 billion or 84.2% in FITB stock. Look at its top three institutional owners. Price T Rowe Associates Inc /Md/ owns $1.34 billion in Fifth Third Bancorp, which represents roughly 8.52% of the company’s market cap and approximately 10.43% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 55,767,728 shares of the stock are valued at $1.3 billion. The third largest holder is Blackrock Inc., which currently holds $1.1 billion worth of this stock and that ownership represents nearly 7.02% of its market capitalization.

Fifth Third Bancorp 13F Filings

At the end of September reporting period, 275 institutional holders increased their position in Fifth Third Bancorp (NASDAQ:FITB) by some 26,645,596 shares, 352 decreased positions by 49,398,216 and 161 held positions by 472,129,444. That puts total institutional holdings at 548,173,256 shares, according to SEC filings. The stock grabbed 61 new institutional investments totaling 1,799,661 shares while 58 institutional investors sold out their entire positions totaling 6,124,214 shares.

Fifth Third Bancorp (NASDAQ:FITB) Insider Trades

Multiple company employees have indulged in significant insider trading. Fifth Third Bancorp disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP and CTO Immaneni Aravind has sold 4,000 shares of Fifth Third Bancorp (FITB) in trading session dated Mar. 19, 2018. These shares are worth $134,400 and were traded at $33.6 each. The SEC filing shows that Mcwilliams Jelena performed a sale of 568 shares. The EVP and CLO disposed these shares by way of transaction on Mar. 16, 2018. The company’s shares were given away at $33.84 per share worth to an income of some $19,221 on account of Mcwilliams Jelena.

Director, Brumback Emerson L, sold 3,000 common shares of Fifth Third Bancorp (FITB) in the open market. In a transaction dated Mar. 05, 2018, the shares were put up for sale at an average price of $33.44, raking in a sum of $100,320. After this sale, 50,343 common shares of FITB are directly owned by the insider, with total stake valued at $1,184,571.

In the transaction dated Feb. 26, 2018, the great number of shares disposed came courtesy the SVP & Controller; Hazel Mark D disposed a total of 19,324 shares at an average price of $33.37, amounting to approximately $644,842. The insider now directly owns 52,417 shares worth $1,233,372.

Fifth Third Bancorp (FITB) Analyst Guide

Several analysts have released their opinion on Fifth Third Bancorp (NASDAQ:FITB), with 3 analysts believing it is a strong buy. Whereas 18 of them predict the stock is a hold. Also, there are 2 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.71 average brokerage recommendation.