Thu Sep 26 13:28:19 UTC 2024: ## Fifth Third Bancorp (FITB) Sees Mixed Investor Activity: Some Sell While Others Buy

**Cincinnati, OH** – Fifth Third Bancorp (FITB), the parent company of Fifth Third Bank, has seen mixed activity from institutional investors in recent quarters. Benjamin F. Edwards & Company Inc. reduced its stake in the financial services provider by 4.9% in the second quarter, selling 410 shares. However, several other investors, including Financial Synergies Wealth Advisors Inc. and American Capital Advisory LLC, purchased new positions in the company.

Despite the mixed investor activity, research analysts remain largely bullish on FITB. Wolfe Research upgraded the stock to an “outperform” rating, while Morgan Stanley boosted its price target. Overall, nine analysts rate the stock a buy, while seven maintain a hold rating.

FITB reported mixed earnings results for the second quarter, missing analyst estimates for EPS but exceeding revenue expectations. The company also recently increased its quarterly dividend.

Insider trading activity has also been active in recent months. EVP Jude Schramm and EVP Kevin P. Lavender both sold shares of the company in July.

Fifth Third Bancorp continues to operate through its three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The company’s stock closed at $42.10 on Thursday.

**Disclaimer:** This article is based on publicly available information and does not constitute financial advice.

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