Jump Financial LLC Sells 15,252 Shares of Fifth Third Bancorp (NASDAQ:FITB)

27 Apr 2025, 07:58 by Kim Johansen · The Markets Daily

Jump Financial LLC decreased its holdings in Fifth Third Bancorp (NASDAQ:FITB – Free Report) by 71.0% in the fourth quarter, Holdings Channel reports. The firm owned 6,232 shares of the financial services provider’s stock after selling 15,252 shares during the quarter. Jump Financial LLC’s holdings in Fifth Third Bancorp were worth $263,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new stake in Fifth Third Bancorp in the 4th quarter worth about $25,000. Sierra Ocean LLC purchased a new stake in shares of Fifth Third Bancorp during the 4th quarter valued at about $28,000. BankPlus Trust Department bought a new stake in shares of Fifth Third Bancorp in the fourth quarter worth approximately $29,000. Midwest Capital Advisors LLC purchased a new position in shares of Fifth Third Bancorp during the fourth quarter valued at approximately $33,000. Finally, Y.D. More Investments Ltd lifted its position in Fifth Third Bancorp by 118.5% during the fourth quarter. Y.D. More Investments Ltd now owns 828 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 449 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Fifth Third Bancorp Trading Down 1.4 %

Shares of FITB opened at $35.28 on Friday. The firm has a market cap of $23.57 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.42 and a beta of 0.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.80 and a quick ratio of 0.80. Fifth Third Bancorp has a 1 year low of $32.25 and a 1 year high of $49.07. The company has a 50 day simple moving average of $38.25 and a two-hundred day simple moving average of $42.41.

Fifth Third Bancorp (NASDAQ:FITB – Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Fifth Third Bancorp had a net margin of 17.43% and a return on equity of 14.10%. During the same period last year, the company posted $0.70 earnings per share. On average, equities analysts expect that Fifth Third Bancorp will post 3.68 earnings per share for the current fiscal year.

Fifth Third Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.20%. Fifth Third Bancorp’s dividend payout ratio is currently 46.98%.

Insider Activity at Fifth Third Bancorp

In related news, EVP Kevin P. Lavender sold 21,700 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $43.55, for a total value of $945,035.00. Following the sale, the executive vice president now owns 130,856 shares in the company, valued at approximately $5,698,778.80. The trade was a 14.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO James C. Leonard sold 17,200 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $44.26, for a total transaction of $761,272.00. Following the transaction, the chief operating officer now owns 244,487 shares of the company’s stock, valued at $10,820,994.62. This trade represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $53.00 target price (down previously from $54.00) on shares of Fifth Third Bancorp in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on Fifth Third Bancorp from $49.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Truist Financial lowered their price objective on shares of Fifth Third Bancorp from $52.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird raised shares of Fifth Third Bancorp from a “neutral” rating to an “outperform” rating and set a $47.00 target price for the company in a report on Monday, April 7th. Finally, Morgan Stanley lowered their target price on Fifth Third Bancorp from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Fifth Third Bancorp has an average rating of “Moderate Buy” and an average target price of $46.24.

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