Savant Capital LLC Has $926,000 Stock Position in Fifth Third Bancorp (NASDAQ:FITB)

Savant Capital LLC boosted its stake in shares of Fifth Third Bancorp (NASDAQ:FITB) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,906 shares of the financial services provider’s stock after purchasing an additional 2,104 shares during the period. Savant Capital LLC’s holdings in Fifth Third Bancorp were worth $926,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Retirement Wealth Solutions LLC bought a new position in shares of Fifth Third Bancorp in the fourth quarter valued at $25,000. Venturi Wealth Management LLC increased its stake in shares of Fifth Third Bancorp by 89.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 669 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 316 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Fifth Third Bancorp by 118.5% in the 4th quarter. Y.D. More Investments Ltd now owns 828 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 449 shares during the period. Legacy Investment Solutions LLC acquired a new position in Fifth Third Bancorp during the third quarter worth approximately $36,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Fifth Third Bancorp in the third quarter valued at approximately $39,000. 83.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FITB has been the topic of a number of recent analyst reports. Citigroup boosted their target price on Fifth Third Bancorp from $43.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Wells Fargo & Company increased their price objective on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. StockNews.com lowered shares of Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Piper Sandler restated an “overweight” rating and set a $53.00 price objective (down from $54.00) on shares of Fifth Third Bancorp in a research report on Wednesday, January 22nd. Finally, DA Davidson upped their target price on Fifth Third Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $46.75.

Fifth Third Bancorp Price Performance

Fifth Third Bancorp stock opened at $44.06 on Friday. The stock has a fifty day moving average of $43.77 and a 200-day moving average of $43.49. The stock has a market capitalization of $29.54 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.80 and a current ratio of 0.80. Fifth Third Bancorp has a 52 week low of $33.03 and a 52 week high of $49.07.

Fifth Third Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.37 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.36%. Fifth Third Bancorp’s payout ratio is currently 47.13%.

About Fifth Third Bancorp

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.