O Shaughnessy Asset Management LLC acquired a new stake in Fifth Third Bancorp (NASDAQ:FITB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 76,382 shares of the financial services provider’s stock, valued at approximately $2,060,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Virtus Investment Advisers Inc. bought a new position in Fifth Third Bancorp during the third quarter valued at $128,000. Duncker Streett & Co. Inc. boosted its position in Fifth Third Bancorp by 0.3% in the third quarter. Duncker Streett & Co. Inc. now owns 6,439 shares of the financial services provider’s stock valued at $132,000 after buying an additional 20 shares during the period. Cornerstone Advisors Inc. boosted its position in Fifth Third Bancorp by 3,759.8% in the third quarter. Cornerstone Advisors Inc. now owns 6,909 shares of the financial services provider’s stock valued at $141,000 after buying an additional 6,730 shares during the period. ARP Americas LLC bought a new position in Fifth Third Bancorp during the fourth quarter valued at $208,000. Finally, HighPoint Advisor Group LLC bought a new position in Fifth Third Bancorp during the third quarter valued at $200,000. Institutional investors own 81.97% of the company’s stock.

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

Shares of Fifth Third Bancorp (NASDAQ:FITB) traded down 0.65% during mid-day trading on Friday, reaching $27.42. The company had a trading volume of 2,049,157 shares. The stock has a market capitalization of $20.58 billion, a price-to-earnings ratio of 14.21 and a beta of 1.29. Fifth Third Bancorp has a 1-year low of $14.56 and a 1-year high of $27.88. The firm has a 50-day moving average price of $26.70 and a 200-day moving average price of $23.30.

Fifth Third Bancorp (NASDAQ:FITB) last released its quarterly earnings data on Tuesday, January 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. Fifth Third Bancorp had a return on equity of 10.15% and a net margin of 22.53%. During the same period in the prior year, the business posted $0.79 EPS. Equities analysts expect that Fifth Third Bancorp will post $1.78 earnings per share for the current year.

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Several research analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Fifth Third Bancorp in a research report on Tuesday, January 24th. Zacks Investment Research upgraded shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Monday, January 9th. Wedbush upped their price objective on shares of Fifth Third Bancorp from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 30th. Macquarie cut shares of Fifth Third Bancorp from an “outperform” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research report on Wednesday, January 25th. Finally, Hilliard Lyons upgraded shares of Fifth Third Bancorp from an “underperform” rating to a “neutral” rating and set a $26.00 price objective on the stock in a research report on Wednesday, January 25th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and six have given a buy rating to the company. Fifth Third Bancorp has a consensus rating of “Hold” and an average target price of $22.34.

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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