Jefferies Group LLC Reduces Stake in Fifth Third Bancorp (FITB)

Jefferies Group LLC decreased its holdings in shares of Fifth Third Bancorp (NASDAQ:FITB) by 40.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,116 shares of the financial services provider’s stock after selling 94,262 shares during the quarter. Jefferies Group LLC’s holdings in Fifth Third Bancorp were worth $3,912,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rational Advisors LLC grew its holdings in shares of Fifth Third Bancorp by 244.7% during the third quarter. Rational Advisors LLC now owns 3,588 shares of the financial services provider’s stock worth $100,000 after buying an additional 2,547 shares in the last quarter. MUFG Americas Holdings Corp purchased a new stake in shares of Fifth Third Bancorp during the second quarter worth $103,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Fifth Third Bancorp by 8,368.1% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,980 shares of the financial services provider’s stock worth $114,000 after buying an additional 3,933 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in shares of Fifth Third Bancorp during the second quarter worth $131,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Fifth Third Bancorp during the third quarter worth $210,000. 82.15% of the stock is owned by institutional investors and hedge funds.

NASDAQ FITB opened at $25.59 on Friday. Fifth Third Bancorp has a 12 month low of $24.10 and a 12 month high of $34.67. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.46 and a beta of 1.17.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Tuesday, October 23rd. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. Fifth Third Bancorp had a net margin of 28.89% and a return on equity of 11.74%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. As a group, analysts predict that Fifth Third Bancorp will post 2.49 EPS for the current fiscal year.

FITB has been the subject of a number of analyst reports. Wedbush set a $34.00 price objective on shares of Fifth Third Bancorp and gave the company a “buy” rating in a report on Thursday, September 20th. Morgan Stanley dropped their price objective on shares of Fifth Third Bancorp from $35.50 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, September 18th. BidaskClub raised shares of Fifth Third Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Piper Jaffray Companies set a $31.00 price objective on shares of Fifth Third Bancorp and gave the company a “hold” rating in a report on Monday, October 29th. Finally, BMO Capital Markets dropped their price objective on shares of Fifth Third Bancorp from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $32.73.

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About Fifth Third Bancorp

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

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Institutional Ownership by Quarter for Fifth Third Bancorp (NASDAQ:FITB)

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