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

May 17, 2018 - By Elizabeth Bryant

Fifth Third Bancorp (NASDAQ:FITB) Corporate LogoBig Money Sentiment increased to 0.98 in 2017 Q4. It has change of 0.33, from 2017Q3’s 0.65. The ratio improved due to FITB positioning: 29 sold and 210 reduced. 74 funds acquired holdings and 161 increased holdings. Investors holded 575.67 million in 2017Q3 but now own 562.64 million shares or 2.26% less. Howe & Rusling Incorporated holds 0% or 167 shs. Macnealy Hoover Management has 59,728 shs. Maltese Llc owns 245,032 shs. 10,716 were reported by Gotham Asset Ltd Liability Corp. Delta Asset Ltd Liability Tn owns 1,226 shs for 0.01% of their capital. Lpl Fincl Lc holds 0.01% or 74,034 shs. Busey Tru has invested 0.03% of its capital in Fifth Third Bancorp (NASDAQ:FITB). Glg Limited Liability Corp stated it has 38,456 shs or 0.08% of all its holdings. Pzena Inv Management Limited Liability Corp invested in 0.47% or 3.17M shs. Plante Moran Finance Advsr Limited Co holds 0.44% in Fifth Third Bancorp (NASDAQ:FITB) or 26,023 shs. Ejf Cap Ltd Limited Liability Company accumulated 1.41% or 580,250 shs. Afam Cap holds 0.73% in Fifth Third Bancorp (NASDAQ:FITB) or 218,868 shs. Cleararc Cap accumulated 17,981 shs. Pub Employees Retirement Association Of Colorado has 0.03% invested in Fifth Third Bancorp (NASDAQ:FITB) for 135,619 shs. Northpointe Ltd Liability Corporation holds 150,077 shs.

FITB registered $6.84 million net activity with 0 insider purchases and 11 sales since February 5, 2018. $530,570 worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by ANDERSON LARS C on Tuesday, February 13. Hazel Mark D had sold 7,500 shs worth $246,098. On Monday, March 5 $100,316 worth of stock was sold by BRUMBACK EMERSON L. $960,780 worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by Forrest Frank R. on Wednesday, February 14. Shares for $2.84 million were sold by CARMICHAEL GREG D. Leonard James C. sold $1.18 million worth of stock or 35,000 shs.

The holdings In Fifth Third Bancorp (NASDAQ:FITB) owned by Rmb Capital Management Llc was reduced. According to 2018Q1 Securities and Exchange form the reduction is 98.26%. 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. $23.55B is Fifth Third Bancorp’s market cap. FITB touched $34.35 during the last trading session after $0.04 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&P 500.

Rmb Capital Management Llc operates about $3.98B and $3.91B US Long portfolio. It increased its stake in Old Line Bancshares Inc (NASDAQ:OLBK) by 385,211 shares to 547,086 shares, valued at $18.05M in 2018Q1, according to the filing. For a total of 292,000 shares it increased its holding in Schwab Charles Corp New (Put) (NYSE:SCHW) by 266,147 shares in the quarter, and has risen its stake in Td Ameritrade Hldg Corp (Put) (NYSE:AMTD).

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 Tuesday, April 24 the firm has “Hold” rating given by Susquehanna. On Wednesday, April 4 the rating was maintained by Jefferies with “Hold”. On Tuesday, January 23 the firm has “Hold” rating by Sandler O’Neill given. On Thursday, January 4 Susquehanna maintained Fifth Third Bancorp (NASDAQ:FITB) with “Hold” rating. On Friday, December 8 RBC Capital Markets maintained the shares of FITB in report with “Buy” rating. On Tuesday, January 23 the rating was maintained by Jefferies with “Hold”. On Monday, April 30 Morgan Stanley maintained Fifth Third Bancorp (NASDAQ:FITB) with “Equal-Weight” rating. The company rating was maintained by Keefe Bruyette & Woods on Thursday, December 21. On Tuesday, January 23 BMO Capital Markets maintained the shares of FITB in report with “Hold” rating. The stock rating was maintained by BMO Capital Markets with “Hold” on Friday, December 8.

Fifth Third Bancorp operates as a diversified financial services firm in the United States.The firm is worth $23.55 billion. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management.12.13 is the P/E ratio. 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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