Fifth Third Bncp (FITB) Position Decreased by Lsv Asset Management Last Quarter


Fifth Third Bncp (NASDAQ:FITB).

Lsv Asset Management sold 228,160 shares in quarter ending 09/30/2017 decreasing its stake in Fifth Third Bncp (FITB) by 2.4%. Its investment stood at $264,333,000 an increase of $13,161,000 according to the filing.

Several firms have shifted positions in (FITB). California State Teachers Retirement System divested its stake by shedding 110,954 shares a decrease of 7.7% as of 09/30/2017. California State Teachers Retirement System claims 1,322,675 shares with a value of $37,008,000. The total value of its holdings decreased 0.6%. Alliancebernstein L.P. bolstered its investment by buying 63,286 shares an increase of 4.4% in the quarter. Alliancebernstein L.P. now holds 1,494,017 shares worth $41,803,000. The value of the position overall is up by 12.5%.

Dimensional Fund Advisors Lp downsized its position by selling 1,245,648 shares a decrease of 12.0% from 06/30/2017 to 09/30/2017. Dimensional Fund Advisors Lp controls 9,122,818 shares valued at $255,229,000. The value of the position overall is down by 5.2%.

Nomura raised the price target on October 26 boosting the projection from $29.00 to $30.00 and issued a “Neutral” rating. Equity analyst Royal Bank Of Canada raised the price target on October 25 changing the price objective from $28.00 to $31.00 with a “Outperform” recommendation.

Bank of America Corporation raised the price target of the stock on October 25 changing the forecast from $28.00 to $29.00 and stated a “Neutral” rating. On October 24 Piper Jaffray Companies kept the company rating at “Hold” targeting a price of $27.00.

October 24 investment analysts at Oppenheimer Holdings kept a “Hold” rating on the company. October 9 investment analysts at Citigroup made no change to the company rating of “Neutral” projecting a price of $31.00.

In the market the company is trading up since yesterday’s close of 28.19. The P/E ratio is 10.71 and market capitalization is 20.06B. In the latest earnings report the EPS was $2.65 with 705.58M shares outstanding.

Investors are a little more bullish on Fifth Third Bncp lately if you take a look at the downtick in short interest. The stock saw a fall in short interest from September 29, 2017 to October 13, 2017 of -16.90%. Short interest fell 5,156,701 over that period. The days to cover increased to 7.0 and the percentage of shorted shares was 0.04% on October 13.