Crossmark Global Holdings Inc. Sells 424 Shares of Fifth Third Bancorp (NASDAQ:FITB)

Crossmark Global Holdings Inc. cut its position in Fifth Third Bancorp (NASDAQ:FITB) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,401 shares of the financial services provider’s stock after selling 424 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Fifth Third Bancorp were worth $2,638,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in Fifth Third Bancorp by 4.6% during the second quarter. Pacer Advisors Inc. now owns 48,878 shares of the financial services provider’s stock worth $1,784,000 after purchasing an additional 2,157 shares during the period. Sei Investments Co. boosted its stake in shares of Fifth Third Bancorp by 1.2% during the 2nd quarter. Sei Investments Co. now owns 693,800 shares of the financial services provider’s stock worth $25,317,000 after acquiring an additional 8,410 shares during the period. Ensign Peak Advisors Inc boosted its stake in shares of Fifth Third Bancorp by 1.2% during the 2nd quarter. Ensign Peak Advisors Inc now owns 227,748 shares of the financial services provider’s stock worth $8,311,000 after acquiring an additional 2,775 shares during the period. Frank Rimerman Advisors LLC increased its holdings in shares of Fifth Third Bancorp by 7,299.2% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 8,879 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 8,759 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Fifth Third Bancorp by 8.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 115,997 shares of the financial services provider’s stock valued at $4,233,000 after acquiring an additional 8,870 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Fifth Third Bancorp Stock Down 2.1 %

NASDAQ FITB opened at $43.93 on Thursday. Fifth Third Bancorp has a fifty-two week low of $32.29 and a fifty-two week high of $49.07. The business has a fifty day moving average price of $44.91 and a two-hundred day moving average price of $43.02. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $29.46 billion, a PE ratio of 14.59, a PEG ratio of 1.93 and a beta of 1.24.

Fifth Third Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Tuesday, December 31st. Fifth Third Bancorp’s dividend payout ratio is presently 47.13%.

Analyst Ratings Changes

FITB has been the topic of several research reports. Baird R W downgraded shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Citigroup increased their price target on shares of Fifth Third Bancorp from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Morgan Stanley boosted their price objective on Fifth Third Bancorp from $47.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, September 30th. Wells Fargo & Company increased their target price on Fifth Third Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Keefe, Bruyette & Woods boosted their price target on Fifth Third Bancorp from $45.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Fifth Third Bancorp presently has an average rating of “Hold” and an average target price of $46.14.

Insider Transactions at Fifth Third Bancorp

In other news, EVP Kristine R. Garrett sold 7,500 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $43.67, for a total value of $327,525.00. Following the completion of the transaction, the executive vice president now directly owns 55,913 shares in the company, valued at approximately $2,441,720.71. This represents a 11.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

Fifth Third Bancorp Profile

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.