Pictet Asset Management Ltd. Boosts Position in Fifth Third Bancorp (FITB)

06 Juin, 2017, 04:51 | Author: Marc Bacque

Its up 0.24, from 0.69 in 2016Q3. It is positive, as 36 investors sold FITB shares while 230 reduced holdings. First National Trust Co. raised its position in shares of Fifth Third Bancorp by 0.3% in the third quarter. 604.34 million shares or 0.54% more from 601.09 million shares in 2016Q3 were reported. Brandes Inv Partners Lp accumulated 306,019 shares.

Taking a broader look at the analyst consensus, according to 27 analysts Fifth Third Bncp (NASDAQ:FITB)'s price will reach at $27.13 during 52 weeks. Compass Point upgraded shares of Fifth Third Bancorp from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 29th.

On 2/28/2017 Fifth Third Bancorp announced a quarterly dividend of $0.14 1.95% with an ex dividend date of 3/29/2017 which will be payable on 4/17/2017. Monroe Bancorp Tru Mi reported 450 shares. Sadoff Investment Mngmt Ltd Llc reported 1.12M shares or 3.12% of all its holdings. Following the completion of the transaction, the chief accounting officer now directly owns 41,286 shares of the company's stock, valued at approximately $1,028,021.40. Macquarie Group Limited holds 430,550 shares or 0.02% of its portfolio. Axa has 30,600 shares. North Star Management Corp holds 0.1% or 23,750 shares.

Oasis Petroleum Inc. (NYSE:OAS), stock is trading $17.08 above the 52-week high and has displayed a high EPS growth of -28.70% in last 5 years. Moreover, Pioneer has 0.03% invested in Fifth Third Bancorp (NASDAQ:FITB). Mount Lucas Management Ltd Partnership invested 2.45% in Fifth Third Bancorp (NASDAQ:FITB).

Since April 28, 2017, it had 0 insider purchases, and 4 selling transactions for $1.32 million activity. MD boosted its position in Fifth Third Bancorp by 7.8% in the third quarter. The insider Tanner Teresa J. sold 26,010 shares worth $647,649. Also, EVP Frank R. Forrest sold 13,321 shares of the firm's stock in a transaction on Thursday, April 27th. Combining all the recommendations on Fifth Third Bancorp (NASDAQ:FITB), the mean now stands at 3.19. Piper Jaffray Companies lowered their price target on Fifth Third Bancorp from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Tuesday, April 11th. The ROIC 5 year average is 0.019756 and the ROIC Quality ratio is -5.846740. FITB's profit will be $310.02M for 14.32 P/E if the $0.42 EPS becomes a reality.

The analysts forecasted Growth Estimates for the Current Quarter for FITB to be 7.5%.

Among 28 analysts covering Fifth Third (NASDAQ:FITB), 5 have Buy rating, 3 Sell and 20 Hold. Therefore 27% are positive. Ocera Therapeutics had 5 analyst reports since November 6, 2015 according to SRatingsIntel. As per Wednesday, July 22, the company rating was downgraded by Citigroup. The rating was maintained by Jefferies on Wednesday, April 5 with "Hold".

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Fifth Third Bancorp is a bank holding firm and a financial holding company. With 5.35 million avg volume, 4 days are for Fifth Third Bancorp (NASDAQ:FITB)'s short sellers to cover FITB's short positions. Sterne Agee CRT initiated the stock with "Buy" rating in Thursday, August 20 report. Fifth Third Bancorp has a consensus rating of "Hold" and a consensus price target of $24.80.

Looking over the TSN ranking chart, the TSN got 6 analysts recommendation as a Buy security in previous month pool in contrast with 6 analysts gave buy ratings at this month. The rating was upgraded by Credit Suisse to "Outperform" on Friday, January 6.

Fifth Third Bancorp is a bank holding company and a financial holding company.

The market capitalization of Fifth Third Bancorp is at $17.89 Billion. The Firm conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States. It has a 33.54 P/E ratio. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management.

Among 3 analysts covering Escalade (NASDAQ:ESCA), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 0 are positive. Wunderlich maintained Escalade, Inc. The rating was downgraded by Sandler O'Neill on Monday, January 4 to "Hold". The stock has "Buy" rating by UBS on Monday, October 24.

Since December 9, 2016, it had 1 buy, and 1 sale for $4.90 million activity.

Investors sentiment increased to 2.57 in 2016 Q4. Its down 0.14, from 1.85 in 2016Q3.


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