Seizert Capital Partners LLC Has Lowered Its Fifth Third Bancorp Com (FITB) Holding by $12.87 Million; Stock Price Declined

July 14, 2018 - By Adrian Erickson

Fifth Third Bancorp (NASDAQ:FITB) LogoInvestors sentiment decreased to 0.72 in 2018 Q1. Its down 0.26, from 0.98 in 2017Q4. It is negative, 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. Greenleaf owns 0.01% invested in Fifth Third Bancorp (NASDAQ:FITB) for 17,036 shares. Bridgeway Capital Mgmt holds 0.67% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 1.96M shares. Hermes Invest Management reported 0.02% stake. Paloma Mgmt has 28,855 shares for 0.01% of their portfolio. Omers Administration has 0.05% invested in Fifth Third Bancorp (NASDAQ:FITB) for 159,700 shares. Bahl Gaynor invested 0.06% in Fifth Third Bancorp (NASDAQ:FITB). Massmutual Tru Com Fsb Adv reported 475 shares. Umb Fincl Bank N A Mo owns 17,359 shares or 0.02% of their US portfolio. 39,414 are owned by Public Sector Pension Investment Board. Signaturefd Lc owns 2,936 shares. Loring Wolcott & Coolidge Fiduciary Advsrs Llp Ma has invested 0% in Fifth Third Bancorp (NASDAQ:FITB). Argi Invest Services Ltd Liability Corp has invested 0.02% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Stone Ridge Asset Limited Liability Co has invested 0.02% in Fifth Third Bancorp (NASDAQ:FITB). Citadel Advisors Lc holds 572,170 shares or 0.01% of its portfolio. 467,235 were accumulated by Main Street Rech Limited Liability.

Since February 5, 2018, it had 0 insider purchases, and 11 insider sales for $6.84 million activity. Hazel Mark D had sold 7,500 shares worth $246,098. $1.18 million worth of stock was sold by Leonard James C. on Wednesday, February 21. BRUMBACK EMERSON L had sold 3,000 shares worth $100,316 on Monday, March 5. CARMICHAEL GREG D sold $2.84 million worth of stock. Another trade for 16,485 shares valued at $530,570 was made by ANDERSON LARS C on Tuesday, February 13. Immaneni Aravind had sold 4,000 shares worth $134,400.

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 $19.72B market cap company. The stock decreased 1.09% or $0.32 during the last trading session, reaching $29.09. About 4.40M shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 28.16% since July 14, 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 Assured Guaranty Ltd Com (NYSE:AGO) by 160,408 shares to 1.89M shares, valued at $68.28M in 2018Q1, according to the filing. It also increased its holding in Edgewell Pers Care Co Com by 137,902 shares in the quarter, for a total of 536,254 shares, and has risen its stake in Discovery Inc Com Ser C (NASDAQ:DISCK).

Analysts await Fifth Third Bancorp (NASDAQ:FITB) to report earnings on July, 19 before the open. They expect $0.57 EPS, up 23.91 % or $0.11 from last year’s $0.46 per share. FITB’s profit will be $386.42 million for 12.76 P/E if the $0.57 EPS becomes a reality. After $0.57 actual EPS reported by Fifth Third Bancorp for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Another recent and important Fifth Third Bancorp (NASDAQ:FITB) news was published by Seekingalpha.com which published an article titled: “Fifth Third will have to resubmit CCAR for MB Financial buy; allowed to execute on current plan” on June 28, 2018.

Fifth Third Bancorp (NASDAQ:FITB) Ratings Coverage

Among 13 analysts covering Fifth Third Bancorp (NASDAQ:FITB), 2 have Buy rating, 1 Sell and 10 Hold. Therefore 15% are positive. Fifth Third Bancorp has $37.0 highest and $3200 lowest target. $34.65’s average target is 19.11% above currents $29.09 stock price. Fifth Third Bancorp had 20 analyst reports since January 24, 2018 according to SRatingsIntel. Nomura maintained the shares of FITB in report on Wednesday, April 25 with “Neutral” rating. RBC Capital Markets maintained it with “Buy” rating and $37.0 target in Wednesday, January 24 report. As per Tuesday, May 22, the company rating was upgraded by Macquarie Research. Piper Jaffray maintained Fifth Third Bancorp (NASDAQ:FITB) rating on Tuesday, January 23. Piper Jaffray has “Hold” rating and $32.0 target. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Equal-Weight” rating by Morgan Stanley on Monday, April 30. The firm has “Reduce” rating given on Monday, May 21 by Nomura. Sandler O’Neill maintained the shares of FITB in report on Tuesday, January 23 with “Hold” rating. The firm has “Hold” rating given on Wednesday, January 24 by Keefe Bruyette & Woods. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Sell” rating by Robert W. Baird on Tuesday, April 24. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, April 4.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Positions Chart

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