Rmb Capital Management Llc Lowered Fifth Third Bancorp (NASDAQ:FITB) Position as Price Rose

May 17, 2018 - By Megan Stone

Fifth Third Bancorp (NASDAQ:FITB) Corporate LogoBig Money Sentiment increased to 0.98 in Q4 2017. It has change of 0.33, from 2017Q3’s 0.65. The ratio increased due to FITB positioning: 29 sold and 210 reduced. 74 funds bought positions and 161 increased positions. Investors holded 575.67 million in 2017Q3 but now own 562.64 million shares or 2.26% less. Vanguard Group Inc Incorporated holds 57.02M shs or 0.08% of its capital. Camelot Portfolios Ltd Co holds 7,909 shs or 0.11% of its capital. Fort Washington Advsrs Oh accumulated 703,703 shs. Employees Retirement Of Texas has invested 0.02% of its capital in Fifth Third Bancorp (NASDAQ:FITB). Louisiana State Employees Retirement Sys reported 42,700 shs or 0.06% of all its holdings. Raymond James Tru Na has 12,916 shs. Aqr Capital Mngmt Limited Liability Company holds 0% of its capital in Fifth Third Bancorp (NASDAQ:FITB) for 87,480 shs. Moreover, M&T Natl Bank Corp has 0.01% invested in Fifth Third Bancorp (NASDAQ:FITB) for 64,052 shs. Johnson Inv Counsel owns 219,716 shs for 0.17% of their capital. Dreman Value Mngmt L L C holds 17,049 shs. 1832 Asset Mgmt L P holds 0.07% or 701,900 shs in its capital. Amalgamated Bankshares, a New York-based fund reported 88,936 shs. Aviva Pcl owns 0.07% invested in Fifth Third Bancorp (NASDAQ:FITB) for 397,960 shs. 93,868 are held by Cornerstone Inv Prtnrs Ltd Liability Company. 1,090 are owned by Communications Of Vermont.

FITB had 11 selling transactions and 0 insider buys since February 5, 2018. This’s net activity of $6.84 million. Shares for $134,400 were sold by Immaneni Aravind on Monday, March 19. 87,613 shs valued at $2.84 million were sold by CARMICHAEL GREG D on Tuesday, February 13. On Friday, March 16 McWilliams Jelena sold $19,218 worth of Fifth Third Bancorp (NASDAQ:FITB) or 568 shs. On Wednesday, February 14 a trade for 29,508 shs valued at $960,780 was made by Forrest Frank R.. 7,500 shs were sold by Hazel Mark D, worth $246,098. On Tuesday, February 13 ANDERSON LARS C also sold $530,570 worth of Fifth Third Bancorp (NASDAQ:FITB).

Based on the latest 2018Q1 regulatory filing with the SEC, Rmb Capital Management Llc decreased its holdings in Fifth Third Bancorp (NASDAQ:FITB) by 98.26%. The company’s stock rose 1.62% while stock markets declined as Rmb Capital Management Llc sold 409,749 shares. At the end of 2018Q1, the hedge fund held 7,251 shares of the major banks company, priced at $230,000, down from 417,000 at the end of the previous reported quarter. Fifth Third Bancorp has $23.55 billion market cap. Ticker’s shares touched $34.35 during the last trading session after 0.12% change.Currently Fifth Third Bancorp is uptrending after 26.73% change in last May 17, 2017. FITB has 4.21M shares volume. FITB outperformed by 15.18% the S&P500.

A portfolio of $3.98B and $3.91B is managed by Rmb Capital Management Llc. As it’s [published] in Securities and Exchange filling the stake in Td Ameritrade Hldg Corp (Put) (NYSE:AMTD) is increased by 358,000 shares to 497,000 shares. They are valued at $29.44 million in 2018Q1. Rmb Capital Management Llc has risen its stake in Old Line Bancshares Inc (NASDAQ:OLBK) and also increased its holding in Visa Inc (NYSE:V) by 146,437 shares in the quarter, for a total of 285,437 shares.

Rmb Capital Management Llc is a Illinois-based hedge fund with more than $3.98 billion AUM in November, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Rmb Capital Management latest Adv, the fund reported to have 75 full and part-time employees. Among which 27 performing investment advisory and research functions. The hedge fund had more than 1000 clients.

Fifth Third Bancorp (NASDAQ:FITB) Ratings Coverage

Total analysts of 15 have positions in Fifth Third Bancorp (NASDAQ:FITB) as follows: 2 rated it a “Buy”, 2 with “Sell” and 11 with “Hold”. The positive are 13%. Since November 17, 2017 according to StockzIntelligence Inc Fifth Third Bancorp has 29 analyst reports. On Thursday, January 4 the firm earned “Hold” rating by Susquehanna. On Wednesday, April 4 the firm has “Hold” rating by Keefe Bruyette & Woods given. On Wednesday, January 24 Keefe Bruyette & Woods maintained Fifth Third Bancorp (NASDAQ:FITB) with “Hold” rating. In Tuesday, January 2 report Barclays Capital maintained it with “Hold” rating and $35.0 target. On Wednesday, January 24 the stock of Fifth Third Bancorp (NASDAQ:FITB) has “Buy” rating given by RBC Capital Markets. The stock rating was maintained by Robert W. Baird with “Sell” on Tuesday, April 24. On Friday, November 17 Macquarie Research downgraded Fifth Third Bancorp (NASDAQ:FITB) to “Underperform” rating. On Tuesday, April 24 the firm earned “Hold” rating by Keefe Bruyette & Woods. On Tuesday, January 2 the rating was maintained by Robert W. Baird with “Sell”. On Friday, January 26 the firm has “Equal-Weight” rating given by Morgan Stanley.

Fifth Third Bancorp operates as a diversified financial services firm in the United States.The company has $23.55 billion market cap. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management.The P/E ratio is 12.13. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and foreign exchange and international 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.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Investors Chart

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