Jefferies Group Brokers Reduce Earnings Estimates for Fifth Third Bancorp (NASDAQ:FITB)

Lloyd Doyle
November 15, 2017

Los Angeles Capital Management & Equity Research Inc sold 24,580 shares as Navigant Consulting (NCI)'s stock declined 15.71%. Meeder Asset Management Inc. now owns 25,131 shares of the financial services provider's stock valued at $420,000 after buying an additional 16,359 shares in the last quarter.

The stock increased 1.88% or $0.52 during the last trading session, reaching $28.19. Tanaka Mngmt stated it has 13,945 shares or 4.15% of all its holdings. It is down 33.30% since November 14, 2016 and is uptrending. It has outperformed by 0.30% the S&P500. Williams Jones Associate Limited Liability Company holds 0.03% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 47,522 shares. Aqr Cap Management Lc owns 3.67M shares. About 708,631 shares traded. Fifth Third Bancorp has a twelve month low of $23.20 and a twelve month high of $29.39. Therefore 65% are positive. COPYRIGHT VIOLATION WARNING: "Oppenheimer Holdings Analysts Lower Earnings Estimates for Fifth Third Bancorp (FITB)" was originally published by Week Herald and is owned by of Week Herald. The rating was maintained by BMO Capital Markets with "Hold" on Wednesday, June 28. The firm has "Buy" rating by Cantor Fitzgerald given on Tuesday, August 22. The rating was maintained by Citigroup with "Neutral" on Friday, October 27. Zacks Investment Research upgraded shares of Fifth Third Bancorp from a "hold" rating to a "buy" rating and set a $31.00 target price on the stock in a research report on Monday, September 25th. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/11/14/nomura-raises-fifth-third-bancorp-fitb-price-target-to-30-00.html. 0 analysts gave its stock an Outperform rating. The rating was downgraded by Robert W. Baird to "Underperform" on Wednesday, November 16. Fifth Third Bancorp had a return on equity of 9.58% and a net margin of 25.81%. As per Friday, August 11, the company rating was maintained by Cowen & Co.

Investors sentiment decreased to 0.81 in Q2 2017. Its down 0.04, from 0.85 in 2017Q1. 61 funds opened positions while 157 raised stakes.

The SMA20 for the stock is at -3.27 percent, SMA50 stands at -0.06 percent, while SMA200 is 5.37 Percent, according to Finviz reported data. During the same quarter in the prior year, the company posted $0.65 EPS. equities analysts forecast that Fifth Third Bancorp will post 1.8 earnings per share for the current year.


Investors are a little more bullish on shares of Fifth Third Bncp at least if you consider the change in short interest. This is a boost from Fifth Third Bancorp's previous quarterly dividend of $0.14. Pictet Asset Management Ltd. increased its stake in shares of Fifth Third Bancorp by 2.3% in the first quarter. Norinchukin Financial Bank The accumulated 0.02% or 29,628 shares. Revenue during the quarter was $2.98 billion, representing 30% growth from $2.3 billion in year-ago quarter. Oakworth Cap owns 1,400 shares for 0.01% of their portfolio. Inc. lifted its position in Fifth Third Bancorp by 0.3% during the 2nd quarter. Canada Pension Plan Inv Board holds 0.03% or 123,400 shares in its portfolio.

Fifth Third Bancorp (FITB) is an interesting player in the Financial space, with a focus on Regional - Midwest Banks. The company has market cap of $19.95 billion. The Company 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 10.65 P/E ratio. The Company operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. Diversified holds 0.02% in Fifth Third Bancorp (NASDAQ:FITB) or 9,788 shares. News Corp New (NASDAQ:NWS) was raised too.

Investors sentiment increased to 1.34 in 2017 Q2. Its down 0.04, from 0.85 in 2017Q1. It fall, as 27 investors sold NCI shares while 49 reduced holdings. 53 funds opened positions while 120 raised stakes. Fiera Capital Corporation stated it has 85,291 shares or 0.01% of all its holdings. Shoker Inv Counsel stated it has 12,376 shares or 0.25% of all its holdings. Amp Capital holds 0.07% or 450,743 shares. Pioneer holds 867,603 shares. Bluecrest Mgmt invested in 0.39% or 390,118 shares. Plante Moran Advsr Ltd Liability, a Michigan-based fund reported 26,023 shares. Bancshares Of Montreal Can has invested 0.01% in PVH Corp (NYSE:PVH).

Roosevelt Investment Group Inc reduced its investment by shedding 1,950 shares a decrease of 1.2% from 06/30/2017 to 09/30/2017. (NYSE:NCI) for 114,407 shares. Bp Public Ltd Company holds 0.08% or 88,000 shares. Analysts are forecasting earnings of $0.49 on a per share basis this quarter.

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