Fifth Third Bancorp (FITB) Holdings Trimmed by Nisa Investment Advisors LLC

Lloyd Doyle
January 14, 2018

The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and foreign exchange and global trade finance, derivatives and capital markets services, asset lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

Epoch Investment Partners Inc decreased Kimberly Clark Corp (KMB) stake by 2.14% reported in 2017Q3 SEC filing. Mountain Pacific Invest Advisers Id invested in 24,320 shares or 0.07% of the stock. Balyasny Asset Management LLC now owns 3,821,186 shares of the financial services provider's stock valued at $99,198,000 after purchasing an additional 2,775,259 shares during the period. The stock increased 1.15% or $0.42 during the last trading session, reaching $36.9. About 5.44M shares traded or 54.00% up from the average. Chevron Corporation (NYSE:CVX) has risen 6.68% since January 14, 2017 and is uptrending. It has outperformed by 19.94% the S&P500. This represents a $0.64 dividend on an annualized basis and a yield of 1.98%. The institutional investor held 350,255 shares of the major banks company at the end of 2017Q3, valued at $9.80 million, down from 363,823 at the end of the previous reported quarter.

Among 33 analysts covering Fifth Third (NASDAQ:FITB), 6 have Buy rating, 3 Sell and 24 Hold. The shares were sold at an average price of $28.86, for a total transaction of $432,900.00. (NYSE:T) has "Outperform" rating given on Monday, December 12 by Robert W. Baird. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since January 14, 2017 and is uptrending. The firm earned "Mkt Perform" rating on Wednesday, November 16 by Bernstein.

Fifth Third Bancorp (NASDAQ FITB) opened at $32.35 on Friday.

Nisa Investment Advisors LLC decreased its position in shares of Fifth Third Bancorp (NASDAQ:FITB) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. On Wednesday, March 29 the stock rating was upgraded by Compass Point to "Buy". Macquarie downgraded shares of Fifth Third Bancorp from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $28.47 to $26.00 in a report on Friday, November 17th. The firm has "Hold" rating given on Friday, October 7 by Jefferies. Stifel Nicolaus maintained the stock with "Hold" rating in Friday, January 27 report. The stock increased 0.25% or $0.28 during the last trading session, reaching $112.98. About 4.35 million shares traded. Fifth Third Bancorp has a 12-month low of $13.84 and a 12-month high of $27.88. It has outperformed by 16.60% the S&P500.

Analysts await Fifth Third Bancorp (NASDAQ:FITB) to report earnings on January, 23 before the open. Louisiana State Employees Retirement holds 0.06% in Fifth Third Bancorp (NASDAQ:FITB) or 46,000 shares. KMB's profit will be $545.23 million for 18.22 P/E if the $1.55 EPS becomes a reality. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.48. Panagora Asset Mngmt Incorporated has invested 0.11% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB).


Gendell Jeffrey L decreased Spdr Series Trust (KRE) stake by 1.08 million shares to 888,832 valued at $50.45 million in 2017Q3. Moreover, Amg Funds Limited Com has 0.74% invested in Kimberly-Clark Corporation (NYSE:KMB) for 11,495 shares. The Massachusetts-based Ct Mason has invested 2.2% in the stock. Barclays Capital maintained the shares of FITB in report on Tuesday, January 2 with "Hold" rating. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the company's stock. Therefore 94% are positive. Kimberly-Clark had 56 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Kimberly-Clark Corporation (NYSE:KMB) earned "Neutral" rating by Sterne Agee CRT on Tuesday, July 21. The company was upgraded on Tuesday, November 29 by Keefe Bruyette & Woods. RBC Capital Markets maintained it with "Hold" rating and $43.0 target in Monday, October 2 report. The company was maintained on Wednesday, October 21 by Oppenheimer. On Thursday, August 10 the stock rating was maintained by Wells Fargo with "Market Perform". RBC Capital Markets maintained Kimberly-Clark Corporation (NYSE:KMB) rating on Thursday, September 7. As per Thursday, June 8, the company rating was maintained by Jefferies. The firm has "Hold" rating given on Friday, August 25 by Raymond James. The stock has "Buy" rating by RBC Capital Markets on Friday, December 8.

Investors sentiment increased to 1.63 in Q3 2017. Its down 0.10, from 1.36 in 2017Q2.

A number of equities analysts have weighed in on FITB shares. The active investment managers in our partner's database now hold: 575.67 million shares, up from 573.75 million shares in 2017Q2. Tiemann Investment Limited Liability invested in 12,817 shares. Meritage Gp LP has invested 5.47% of its portfolio in Amazon.com, Inc.

Analysts await Kimberly-Clark Corporation (NYSE:KMB) to report earnings on January, 23. Woodmont Invest Counsel Ltd Limited Liability Company stated it has 0.23% of its portfolio in Kimberly-Clark Corporation (NYSE:KMB). Minneapolis Port Management Group Lc accumulated 184,296 shares. Hbk Sorce Advisory Limited Company stated it has 0.52% of its portfolio in AT&T Inc. (NASDAQ:AMZN). Eagle Asset Mgmt Incorporated holds 0.04% in Amazon.com, Inc. Moreover, Argent Capital Management Ltd has 0.43% invested in AT&T Inc. (NASDAQ:AMZN) for 215 shares. First Washington reported 0.06% stake. (NASDAQ:AMZN). Markel Corporation owns 80,000 shares or 1.53% of their U.S. portfolio. Eads & Heald Invest Counsel invested in 17,264 shares or 1.26% of the stock. (NASDAQ:AMZN) or 10,351 shares. Following the completion of the sale, the executive vice president now directly owns 154,577 shares in the company, valued at $4,461,092.22. It also reduced Facebook Inc (NASDAQ:FB) stake by 4,260 shares and now owns 9,217 shares. Brinks Co (NYSE:BCO) was reduced too.

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