Fifth Third Bancorp (FITB) : Sadoff Investment Management scooped up 25,950 additional shares in Fifth Third Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 1,132,998 shares of Fifth Third Bancorp which is valued at $23,441,729.Fifth Third Bancorp makes up approximately 2.60% of Sadoff Investment Management’s portfolio.
Other Hedge Funds, Including , Simplex Trading reduced its stake in FITB by selling 7,752 shares or 63.85% in the most recent quarter. The Hedge Fund company now holds 4,389 shares of FITB which is valued at $90,808. Fifth Third Bancorp makes up approx 0.01% of Simplex Trading’s portfolio.Acropolis Investment Management boosted its stake in FITB in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 50,981 shares of Fifth Third Bancorp which is valued at $1,057,346. Fifth Third Bancorp makes up approx 0.20% of Acropolis Investment Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in FITB by selling 44,195 shares or 35.2% in the most recent quarter. The Hedge Fund company now holds 81,367 shares of FITB which is valued at $1,687,552. Fifth Third Bancorp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Lynch Associatesin reduced its stake in FITB by selling 1,959 shares or 7.02% in the most recent quarter. The Hedge Fund company now holds 25,965 shares of FITB which is valued at $538,514. Fifth Third Bancorp makes up approx 0.24% of Lynch Associatesin’s portfolio.Cullinan Associates Inc reduced its stake in FITB by selling 2,000 shares or 2.48% in the most recent quarter. The Hedge Fund company now holds 78,540 shares of FITB which is valued at $1,628,920. Fifth Third Bancorp makes up approx 0.14% of Cullinan Associates Inc’s portfolio.
Fifth Third Bancorp closed down -0.05 points or -0.24% at $20.69 with 60,15,005 shares getting traded on Friday. Post opening the session at $20.65, the shares hit an intraday low of $20.48 and an intraday high of $20.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Fifth Third Bancorp reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.38.Analysts expectations of $ 1514.80.During the same quarter in the previous year, the company posted $0.36 EPS.
Many Wall Street Analysts have commented on Fifth Third Bancorp. Wedbush Initiated Fifth Third Bancorp on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $22.Fifth Third Bancorp was Downgraded by Jefferies to ” Hold” on Oct 7, 2016. Fifth Third Bancorp was Downgraded by Keefe Bruyette to ” Mkt Perform” on Oct 4, 2016.
Fifth Third Bancorp is a bank holding company. The Companys subsidiary Fifth Third Bank provide a range of financial products and services to the retail commercial financial governmental educational and medical sectors and credit products such as credit cards installment loans mortgage loans and leases. The Company operates in four business segments: Commercial Banking Branch Banking Consumer Lending and Investment Advisors. Commercial Banking offers credit intermediation cash management and financial services to market businesses and Government and professional customers. Branch Banking provides a range of deposit and loan and lease products to individuals and businesses through approximately 1302 Banking Centers. Consumer Lending includes its mortgage home equity automobile and other indirect lending activities. Investment Advisors provides a range of investment alternatives for individuals companies and not-for-profit organizations.