Fifth Third Bancorp (FITB) Given New $34.00 Price Target at Morgan Stanley

Lloyd Doyle
December 15, 2017

Following the sale, the executive vice president now directly owns 154,577 shares in the company, valued at approximately $4,461,092.22. The institutional investor held 6,710 shares of the major banks company at the end of 2017Q2, valued at $174,000, down from 24,602 at the end of the previous reported quarter. Fifth Third has $34.0 highest and $16 lowest target. Suncor Energy Inc. has 1.66 billion shares outstanding, and in the last trade has seen ATR around 0.57. About 6.76 million shares traded or 27.71% up from the average. On the opposite side of that transaction from Vanguard Group Inc stood Price T Rowe Associates Inc /md/ which added 11.35 million shares to its existing stake, bringing total stake held in FITB to 71.43 million shares. It has outperformed by 16.60% the S&P500. The share price has moved forward from its 20 days moving average, trading at a distance of 1.29% and stays 3.65% away from its 50 days moving average. Moreover, Underhill Investment Management Llc has 3.74% invested in the company for 58,395 shares. This is 13.56 % from the stock close price. About 48,136 shares traded.

Fifth Third Bancorp (FITB) opened at $29.94 on Thursday. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and two have given a buy rating to the company's stock. Therefore 92% are positive. AstraZeneca plc (ADR) had 39 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has "Neutral" rating by JP Morgan on Thursday, April 7. As per Tuesday, January 3, the company rating was maintained by Barclays Capital. The rating was maintained by UBS with "Sell" on Friday, October 6. As per Friday, February 26, the company rating was initiated by Cantor Fitzgerald. On Wednesday, November 16 the stock rating was downgraded by Robert W. Baird to "Underperform". The firm has "Buy" rating by Compass Point given on Wednesday, March 29. Wedge Mngmt L Limited Partnership Nc, a North Carolina-based fund reported 2.99M shares. They now have an equal weight rating on the financial services provider's stock.

Gilder Gagnon Howe & Co Llc increased Jd Com Inc Sponsored Adr Repstg Com Cl A (NASDAQ:JD) stake by 294,708 shares to 306,037 valued at $12.00M in 2017Q2. Spence Timothy had sold 15,000 shares worth $432,900 on Thursday, October 26.

The opening price for Fifth Third Bancorp (NASDAQ:FITB) was $30.4 and the volume amounted to 6.76 million shares which compares with the average volume of 5.26 million shares. They expect $0.49 EPS, up 2.08 % or $0.01 from last year's $0.48 per share. EA's profit will be $646.63M for 12.56 P/E if the $2.10 EPS becomes a reality.

Keeping an eyeball on Gross profit Margin, Net profit Margin & Operating Margin, the Gross profit margin of -; the net profit margin of 45.00% while its Operating margin was 79.60% for Fifth Third Bancorp (FITB). Navellier & Assoc Inc accumulated 0.62% or 38,200 shares. Sustainable Growth Advisers Lp, a Connecticut-based fund reported 2.35 million shares. Out of 8 Wall Street analysts rating Fifth Third, 1 give it "Buy", 2 "Sell" rating, while 5 recommend "Hold". Therefore 16% are positive. Fincl Engines Advsr Lc has 0.13% invested in Fifth Third Bancorp (NASDAQ:FITB). The stock has "Hold" rating by Keefe Bruyette & Woods on Sunday, July 23. Rafferty upgraded the stock to "Buy" rating in Friday, September 16 report. As per Thursday, August 10, the company rating was maintained by Wells Fargo. The firm has "Neutral" rating given on Wednesday, January 25 by Hilliard Lyons.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Tuesday, October 24th. The firm earned "Neutral" rating on Wednesday, October 25 by Bank of America. The company was downgraded on Friday, October 7 by Jefferies. Finally, Instinet reissued a "neutral" rating and set a $29.00 price target (up from $28.00) on shares of Fifth Third Bancorp in a research report on Saturday, September 30th. On Monday, October 10 the stock rating was downgraded by Nomura to "Reduce".

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