Are Hedge Funds Betting Against Fifth Third Bancorp (FITB)?

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Inc. now owns 6,439 shares of the financial services provider's stock worth $132,000 after buying an additional 20 shares in the last quarter. Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Lpl Financial Llc who had been investing in Fifth Third Bancorp for a number of months, seems to be bullish on the $21.37 billion market cap company. Another trade for 3,000 shares valued at $100,316 was made by BRUMBACK EMERSON L on Monday, March 5. On Wednesday, April 4 the stock of Fifth Third Bancorp (NASDAQ:FITB) earned "Hold" rating by Keefe Bruyette & Woods. It has outperformed by 15.18% the S&P500. The stock's price to sales ratio for trailing twelve months is 5.11 and price to book ratio for the most recent quarter is 1.47, whereas price to cash per share for the most recent quarter are 3.30. The hedge fund run by Robert Rodriguez held 3,526 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $368,000, down from 9,268 at the end of the previous reported quarter. The stock increased 0.22% or $0.025 during the last trading session, reaching $11.425. But the company has sold a lot and the current volume stands at 4,422,829, while the main price of this product presently is $31.49. It has underperformed by 21.88% the S&P500.

West Oak Capital Llc decreased Caterpillar Inc (NYSE:CAT) stake by 605 shares to 4,565 valued at $719.35M in 2017Q4. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Therefore 18% are positive. Barclays PLC restated an "equal weight" rating and set a $29.00 price target (up from $22.00) on shares of Fifth Third Bancorp in a report on Tuesday, January 3rd. BMO Capital Markets maintained Fifth Third Bancorp (NASDAQ:FITB) on Monday, December 18 with "Hold" rating. If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for. The momentum exemplifies both rising and falling rates of the Price in the stock market. It is positive, as 29 investors sold FITB shares while 210 reduced holdings. Wells Fargo maintained the shares of FITB in report on Thursday, August 10 with "Market Perform" rating. On Wednesday, October 25 the stock rating was maintained by Bank of America with "Neutral".

During 2017 Q4 the big money sentiment increased to 0.98. It's up 0.35, from 0.78 in 2017Q3. It increased, as 66 investors sold BAC shares while 561 reduced holdings. 161 rose holdings while 74 funds acquired holdings. 562.64 million shares or 2.26% less from 575.67 million shares in 2017Q3 were reported. Webster Bankshares N A accumulated 508 shares. 4,000 Fifth Third Bancorp (NASDAQ:FITB) shares with value of $134,400 were sold by Immaneni Aravind. Advantus Capital Mgmt invested in 71,088 shares.

According to Fifth Third Bancorp's Insider ownership is at 0.20%. Hl Serv Lc reported 61,442 shares. On Tuesday, February 13 Shares for $530,570 were sold by ANDERSON LARS C. $432,900 worth of stock was sold by Spence Timothy on Thursday, October 26. Peconic Prtnrs Limited Liability Com stated it has 112,380 shares or 0.17% of all its holdings. Cadence Limited reported 85,374 shares stake. On Tuesday, January 23 the stock of Fifth Third Bancorp (NASDAQ:FITB) has "Hold" rating given by Susquehanna. Altrinsic Global Advisors LLC boosted its stake in shares of Fifth Third Bank by 6.3% in the 4th quarter. Following the completion of the transaction, the senior vice president now owns 62,254 shares of the company's stock, valued at $2,042,553.74. Moreover, Baldwin Brothers Ma has 0.01% invested in Fifth Third Bancorp (NASDAQ:FITB). Atlantic Tru Ltd Liability Corporation holds 79,911 shs or 0.01% of its capital. The average volume was noted at 5087.88K shares while its relative volume was seen at 0.96. Stieven Cap Advsr Lp holds 320,900 shares or 1.71% of its portfolio.

Fifth Third Bank declared that its board has approved a stock buyback program on Tuesday, February 27th that authorizes the company to buyback 100,000,000 shares. During the same quarter in the previous year, the business earned $0.49 earnings per share. analysts anticipate that Fifth Third Bank will post 2.33 EPS for the current fiscal year. 568 shares were sold by McWilliams Jelena, worth $19,218.

Investors sentiment decreased to 0.98 in 2017 Q4. Its quick ratio for most recent quarter is 1.30. Sell-side analysts often provide recommendations for stocks that they regularly cover. 162 funds opened positions while 585 raised stakes. Westpac Corporation stated it has 46,536 shs. Strs Ohio stated it has 868,419 shares.

Analyst's mean target cost for the company is 47.23 while analysts mean suggestion is 3.1. Institutions are now holders of 85.80% of the shares. Retail Bank Of The Ozarks invested in 0.32% or 27,976 shares. Bnp Paribas Arbitrage invested in 0.01% or 272,664 shs. Schroder Inv Mngmt Group reported 0.03% stake. The California-based Van Hulzen Asset Mgmt Ltd has invested 0.33% in Fifth Third Bancorp (NASDAQ:FITB). Commercial Bank Pictet & Cie (Asia) stated it has 19,584 shares or 0.89% of all its holdings. The market price signifies the current price at which as asset or a service of the company is bought or sold. Glenmede Tru Company Na has 0.34% invested in Celgene Corporation (NASDAQ:CELG) for 780,047 shares.