Rmb Capital Management Llc Lowered Its Fifth Third Bancorp (NASDAQ:FITB) Position by $12.70 Million as Price Rose

May 17, 2018 - By James Rodriguez

Fifth Third Bancorp (NASDAQ:FITB) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 0.98. That’s change of 0.33, from 2017Q3’s 0.65. 29 investors sold all, 210 reduced holdings as FITB ratio improved. 161 grew holdings while 74 funds amassed holdings. Funds hold 562.64 million shares thus 2.26% less from 2017Q3’s 575.67 million shares. Riverpoint Capital Management Lc holds 0.03% in Fifth Third Bancorp (NASDAQ:FITB) or 17,592 shs. 27,863 are owned by Trillium Asset Lc. Caisse De Depot Et Placement Du Quebec holds 138,890 shs. Shine Invest Advisory Service reported 0.02% in Fifth Third Bancorp (NASDAQ:FITB). Commonwealth Of Pennsylvania Pub School Empls Retrmt owns 63,113 shs. Mountain Pacific Inv Advisers Id invested in 24,320 shs or 0.08% of the stock. Savant Cap Limited Liability reported 17,062 shs stake. Triangle Securities Wealth Management stated it has 12,500 shs or 0.22% of all its holdings. Moreover, Parallax Volatility Advisers L P has 0% invested in Fifth Third Bancorp (NASDAQ:FITB). Cadence Capital Management Lc accumulated 85,374 shs or 0.16% of the stock. Rhumbline Advisers holds 0.08% or 1.37M shs in its capital. Ny State Common Retirement Fund accumulated 2.15M shs. 4,812 are owned by Tower Rech Limited Liability Co (Trc). Koch Industries has 0.23% invested in Fifth Third Bancorp (NASDAQ:FITB) for 52,217 shs. Axa accumulated 151,109 shs or 0.02% of the stock.

FITB had 11 sales and 0 insider buys since February 5, 2018. This’s net activity of $6.84 million. McWilliams Jelena sold $19,218 worth of Fifth Third Bancorp (NASDAQ:FITB) or 568 shs on Friday, March 16. On Tuesday, February 13 ANDERSON LARS C had sold 16,485 shs worth $530,570. $1.18 million worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by Leonard James C.. On Monday, February 12 $119,895 worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by Hoover Jewell D. BRUMBACK EMERSON L sold $100,316 worth of Fifth Third Bancorp (NASDAQ:FITB) on Monday, March 5. 29,508 shs were sold by Forrest Frank R., worth $960,780 on Wednesday, February 14.

Rmb Capital Management Llc’s holdings in Fifth Third Bancorp (NASDAQ:FITB) is reduced by 98.26% based on its latest 2018Q1 regulatory filing with the SEC. By selling 409,749 shares Rmb Capital Management Llc made the stock Popped Up with 1.62%. At the end of 2018Q1, the hedge fund held 7,251 shares of the major banks company, valued at $230,000, down from 417,000 at the end of the previous reported quarter. $23.55 billion is Fifth Third Bancorp’s MC. FITB reached $34.35 during the last trading session after $0.04 change.Fifth Third Bancorp has volume of 4.21M shares. Since May 17, 2017 FITB has risen 26.73% and is uptrending. The stock outperformed the S&P500 by 15.18%.

The Rmb Capital Management Llc’s stake in Schwab Charles Corp New (Put) (NYSE:SCHW) was upped by 266,147 shares to 292,000 shares valued at $15.25M in 2018Q1, according to the filing. It operates about $3.98 billion and $3.91B US Long portfolio. Rmb Capital Management Llc has risen its stake in Spdr Series Trust (Put) (KRE) and also increased its holding in Old Line Bancshares Inc (NASDAQ:OLBK) by 385,211 shares in the quarter, for a total of 547,086 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

In total 15 analysts cover Fifth Third Bancorp (NASDAQ:FITB). “Buy” rating has 2, “Sell” are 2, while 11 are “Hold”. (NASDAQ:FITB) has 13% bullish analysts. 29 are the (NASDAQ:FITB)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. The company rating was maintained by BMO Capital Markets on Monday, December 18. On Thursday, December 7 the rating was maintained by Robert W. Baird with “Sell”. On Tuesday, December 12 the firm has “Hold” rating given by Keefe Bruyette & Woods. On Thursday, January 4 the stock of Fifth Third Bancorp (NASDAQ:FITB) has “Hold” rating given by Susquehanna. On Tuesday, April 24 the firm has “Hold” rating given by Keefe Bruyette & Woods. The company rating was maintained by Jefferies on Tuesday, January 23. On Tuesday, April 24 the firm earned “Hold” rating by Susquehanna. In Wednesday, April 25 report Nomura maintained the stock with “Neutral” rating. The company rating was maintained by Morgan Stanley on Wednesday, December 13. On Wednesday, April 4 the firm has “Hold” rating by Keefe Bruyette & Woods given.

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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