Cerity Partners LLC Reduces Stock Position in Fifth Third Bancorp (NASDAQ: FITB)
Cerity Partners LLC decreased its stake in shares of Fifth Third Bancorp (NASDAQ: FITB) by 10.2% in the first quarter, according to the firm’s latest 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,182 shares of the financial services company’s stock after selling 28,801 shares during the period.
Robert W. Baird upgraded Fifth Third Bancorp from a ‘neutral’ rating to an ‘outperform’ rating and set a $47.00 price target for the company in a report on Monday, April 7th.
Fifth Third Bancorp Profile
Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association, providing a range of financial products and services in the United States.
JPMorgan Chase & Co. lowered their price target on Fifth Third Bancorp from $49.00 to $42.00 and gave an ‘overweight’ rating for the company in a report on Thursday, April 3rd. Robert W. Baird also upgraded Fifth Third Bancorp from a ‘neutral’ rating to an ‘outperform’ rating and set a $47.00 price target for the company on the same day.
Fifth Third Bancorp announced that its Board of Directors has approved a share buyback program on Monday, June 16th, allowing the company to repurchase 100,000,000 outstanding shares.
Fifth Third Bancorp Profile
Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association, providing a range of financial products and services in the United States.
