Seizert Capital Partners LLC Decreased Its Fifth Third Bancorp Com (FITB) Stake by $12.87 Million as Share Price Declined

July 27, 2018 - By Lisa Delgado

Fifth Third Bancorp (NASDAQ:FITB) LogoInvestors sentiment decreased to 0.72 in Q1 2018. Its down 0.26, from 0.98 in 2017Q4. It dropped, as 35 investors sold FITB shares while 238 reduced holdings. 56 funds opened positions while 141 raised stakes. 547.18 million shares or 2.75% less from 562.64 million shares in 2017Q4 were reported. Shoker Investment Counsel has invested 0.3% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Hanseatic invested 0.06% in Fifth Third Bancorp (NASDAQ:FITB). Calamos Advsrs Lc holds 0.03% or 144,745 shares. The North Carolina-based Novare Capital Management Ltd Co has invested 0.79% in Fifth Third Bancorp (NASDAQ:FITB). Altavista Wealth Mgmt holds 0.12% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 9,199 shares. Rampart Mgmt Limited holds 37,232 shares or 0.11% of its portfolio. New York-based Jpmorgan Chase And has invested 0.13% in Fifth Third Bancorp (NASDAQ:FITB). Utd Fincl Advisers Ltd owns 22,844 shares for 0.01% of their portfolio. Paradigm Asset Mgmt Co Ltd Liability Com accumulated 79,660 shares or 0% of the stock. 628,886 were reported by Atwood & Palmer. Geode Cap Mgmt Limited Liability Co accumulated 8.73 million shares. Ameriprise has 4.49 million shares. Community State Bank Na, New York-based fund reported 655 shares. Meiji Yasuda Asset Management Ltd accumulated 33,489 shares or 0.1% of the stock. Lsv Asset Mgmt stated it has 9.16 million shares.

Since February 5, 2018, it had 0 buys, and 11 selling transactions for $6.84 million activity. $1.18M worth of stock was sold by Leonard James C. on Wednesday, February 21. Shares for $644,747 were sold by Hazel Mark D. $2.84 million worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by CARMICHAEL GREG D. McWilliams Jelena sold $19,218 worth of stock. 3,000 shares valued at $100,316 were sold by BRUMBACK EMERSON L on Monday, March 5. On Wednesday, February 14 the insider Forrest Frank R. sold $960,780.

Seizert Capital Partners Llc decreased its stake in Fifth Third Bancorp Com (FITB) by 12.57% based on its latest 2018Q1 regulatory filing with the SEC. Seizert Capital Partners Llc sold 415,114 shares as the company’s stock declined 7.11% with the market. The institutional investor held 2.89M shares of the major banks company at the end of 2018Q1, valued at $91.66 million, down from 3.30M at the end of the previous reported quarter. Seizert Capital Partners Llc who had been investing in Fifth Third Bancorp Com for a number of months, seems to be less bullish one the $20.04B market cap company. The stock increased 0.96% or $0.28 during the last trading session, reaching $29.55. About 6.89 million shares traded or 2.56% up from the average. Fifth Third Bancorp (NASDAQ:FITB) has risen 28.16% since July 27, 2017 and is uptrending. It has outperformed by 15.59% the S&P500.

Seizert Capital Partners Llc, which manages about $4.45 billion and $2.75B US Long portfolio, upped its stake in Western Digital Corp Com (NASDAQ:WDC) by 59,584 shares to 954,678 shares, valued at $88.09M in 2018Q1, according to the filing. It also increased its holding in Assured Guaranty Ltd Com (NYSE:AGO) by 160,408 shares in the quarter, for a total of 1.89M shares, and has risen its stake in Verizon Communications Inc Com (NYSE:VZ).

Analysts await Fifth Third Bancorp (NASDAQ:FITB) to report earnings on October, 23. They expect $0.65 EPS, up 35.42 % or $0.17 from last year’s $0.48 per share. FITB’s profit will be $440.81M for 11.37 P/E if the $0.65 EPS becomes a reality. After $0.63 actual EPS reported by Fifth Third Bancorp for the previous quarter, Wall Street now forecasts 3.17 % EPS growth.

More important recent Fifth Third Bancorp (NASDAQ:FITB) news were published by: Seekingalpha.com which released: “Fifth Third falls after cutting outlook for year NII, NIM, implies Q3 miss” on July 19, 2018, also Benzinga.com published article titled: “Preview: Fifth Third Bancorp’s Q2 Earnings”, Seekingalpha.com published: “Citizens Financial Group: Quickly Becoming A Top Performer” on July 27, 2018. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) was released by: Seekingalpha.com and their article: “Fifth Third will have to resubmit CCAR for MB Financial buy; allowed to execute on current plan” with publication date: June 28, 2018.

Fifth Third Bancorp (NASDAQ:FITB) Ratings Coverage

Among 11 analysts covering Fifth Third Bancorp (NASDAQ:FITB), 1 have Buy rating, 1 Sell and 9 Hold. Therefore 9% are positive. Fifth Third Bancorp has $3600 highest and $32 lowest target. $33.32’s average target is 12.76% above currents $29.55 stock price. Fifth Third Bancorp had 14 analyst reports since April 4, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, May 22 by Macquarie Research. The firm earned “Hold” rating on Tuesday, May 22 by Robert W. Baird. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Neutral” rating by Wedbush on Friday, July 20. The firm has “Market Perform” rating by BMO Capital Markets given on Monday, July 23. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Hold” rating given on Wednesday, April 4 by Keefe Bruyette & Woods. The rating was upgraded by UBS to “Neutral” on Friday, July 20. The rating was maintained by Robert W. Baird with “Sell” on Tuesday, April 24. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Hold” rating given on Tuesday, April 24 by Keefe Bruyette & Woods. The firm has “Neutral” rating given on Wednesday, April 25 by Nomura. The firm has “Hold” rating given on Wednesday, April 4 by Jefferies.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Positions Chart

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