Fifth Third Bancorp (FITB) Shareholder Denali Advisors LLC Increased Stake by $4.61 Million as Shares Declined

Fifth Third Bancorp (NASDAQ:FITB) Corporate LogoBig Money Sentiment decreased to 0.82 in Q3 2018. It has change of 0.38, from 2018Q2’s 1.2. The ratio dived due to FITB positioning: 35 sold and 226 reduced. 66 funds took stakes and 148 increased stakes. Investors holded 544.00 million in 2018Q2 but now own 517.00 million shares or 4.96% less. Livingston Grp Incorporated Asset Mgmt Company (Operating As Southport Capital Management) stated it has 0.01% of its capital in Fifth Third Bancorp (NASDAQ:FITB). Highvista Strategies Lc owns 13,000 shs. Northern Trust Corporation owns 8.35 million shs. Wedge Cap L Ltd Partnership Nc reported 0.59% stake. Barclays Pcl stated it has 0.02% in Fifth Third Bancorp (NASDAQ:FITB). Texas Permanent School Fund, Texas-based fund reported 149,586 shs. Wetherby Asset invested in 0.05% or 13,947 shs. Lenox Wealth Management has 1,904 shs. Triangle Secs Wealth Mgmt has invested 0.13% of its capital in Fifth Third Bancorp (NASDAQ:FITB). Williams Jones Assoc Limited Company has invested 0.03% in Fifth Third Bancorp (NASDAQ:FITB). Livforsakringsbolaget Skandia Omsesidigt has 0.09% invested in Fifth Third Bancorp (NASDAQ:FITB) for 26,513 shs. Hightower Ltd Company reported 0.01% stake. 437,875 were reported by Connor Clark & Lunn Invest. Omers Administration Corp has 303,600 shs. Quinn Opportunity Llc holds 0.12% or 29,210 shs in its capital.

In 2018Q3 Securities and Exchange form is reported Denali Advisors Llc’s stake in Fifth Third Bancorp (FITB) which was upped by 39.44%. The company’s stock declined 15.50% with the market as Denali Advisors Llc bought 170,600 shares. The major banks company reported $16.84M value for the 2018Q3. Now the institutional investor is holding 603,200 shares, compared to the 432,600 from the previous quarter. Fifth Third Bancorp has $17.34B market cap. FITB touched $26.82 during the last trading session after $0.22 change.Fifth Third Bancorp has 6.90 million shares volume, 16.89% up from normal. FITB is downtrending and has moved 18.22% since February 1, 2018. The stock underperformed the S&P500 by 18.22%.

Denali Advisors Llc operates about $357.49 million and $680.59 million US Long portfolio. Its stake in Berkshire Hathaway Cl B (BRKB) was decreased by 31,500 shares to 56,300 shares valued at $12.05M in 2018Q3, according to the filing. For a total of 51,600 shares it reduced its holding in Assured Guaranty Ltd (NYSE:AGO) by 72,100 shares in the quarter, and has cut its stake in Air Lease Corp. Cl A (NYSE:AL).

For more Fifth Third Bancorp (NASDAQ:FITB) news posted briefly go to: Bizjournals.com, Nasdaq.com, Seekingalpha.com, Nasdaq.com or Nasdaq.com. The titles are as follows: “These are the most popular picks in the Courier’s stock contest – Cincinnati Business Courier” posted on January 24, 2019, “What to Expect From Fifth Third (FITB) in Q3 Earnings? – Nasdaq” on October 22, 2018, “Fifth Third reiterates no Fed objection to capital plan – Seeking Alpha” with a publish date: January 22, 2019, “Fifth Third Bancorp (FITB) Ex-Dividend Date Scheduled for December 28, 2018 – Nasdaq” and the last “Fifth Third Bancorp (FITB) Ex-Dividend Date Scheduled for June 28, 2018 – Nasdaq” with publication date: June 27, 2018.

Fifth Third Bancorp (NASDAQ:FITB) Ratings Coverage

A total of 5 analysts rate Fifth Third Bancorp (NASDAQ:FITB) as follows: 2 “Buy”, 3 “Hold” and 0 “Sell”. Š¢herefore 40% are bullish. (NASDAQ:FITB) has 6 ratings reports on 1 Feb 2019 according to StockzIntelligence. The company rating was maintained by Morgan Stanley on Tuesday, December 11. On Tuesday, September 4 Wedbush upgraded Fifth Third Bancorp (NASDAQ:FITB) rating. Wedbush has “Outperform” rating and $34 target. On Wednesday, October 24 Nomura upgraded Fifth Third Bancorp (NASDAQ:FITB) to “Neutral” rating. On Tuesday, September 18 the rating was maintained by Morgan Stanley with “Equal-Weight”. The stock rating was maintained by BMO Capital Markets with “Market Perform” on Wednesday, October 24. On Thursday, January 10 Citigroup maintained Fifth Third Bancorp (NASDAQ:FITB) with “Buy” rating.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Investors Chart

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