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

May 17, 2018 - By Michael Day

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 rose holdings while 74 funds took holdings. Funds hold 562.64 million shares thus 2.26% less from 2017Q3’s 575.67 million shares. Zeke Capital Limited Co reported 13,926 shs. California State Teachers Retirement, a California-based fund reported 1.25M shs. Gateway Advisers Limited Co reported 122,863 shs stake. Private Ocean Limited Liability Corp owns 133 shs for 0% of their capital. Bluestein R H And reported 10,000 shs. 14 were accumulated by Moneta Grp Incorporated Advsrs Lc. Moreover, Putnam Invests Lc has 0% invested in Fifth Third Bancorp (NASDAQ:FITB) for 11,365 shs. Rmb Cap Mngmt Llc owns 0.01% invested in Fifth Third Bancorp (NASDAQ:FITB) for 7,816 shs. Marco Invest Mgmt Limited Liability stated it has 7,500 shs. Fin Architects Incorporated, a New Jersey-based fund reported 1,953 shs. 303,771 are owned by Proshare Advisors Lc. Caisse De Depot Et Placement Du Quebec invested 0.01% in Fifth Third Bancorp (NASDAQ:FITB). Dupont Cap Mngmt holds 0% in Fifth Third Bancorp (NASDAQ:FITB) or 2,316 shs. Moreover, Aqr Mgmt Ltd Limited Liability Company has 0% invested in Fifth Third Bancorp (NASDAQ:FITB) for 87,480 shs. Lenox Wealth holds 0.02% of its capital in Fifth Third Bancorp (NASDAQ:FITB) for 2,520 shs.

FITB registered $6.84 million net activity with 0 insider purchases and 11 sales since February 5, 2018. The insider ANDERSON LARS C sold 16,485 shs worth $530,570. Hazel Mark D also sold $246,098 worth of Fifth Third Bancorp (NASDAQ:FITB) on Monday, February 5. Immaneni Aravind also sold $134,400 worth of Fifth Third Bancorp (NASDAQ:FITB) on Monday, March 19. $19,218 worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by McWilliams Jelena. On Monday, February 12 Hoover Jewell D had sold 3,700 shs worth $119,895. On Wednesday, February 21 Leonard James C. sold $1.18 million worth of Fifth Third Bancorp (NASDAQ:FITB).

Rmb Capital Management Llc’s holdings in Fifth Third Bancorp (NASDAQ:FITB) is decreased by 98.26% based on its latest 2018Q1 regulatory filing with the SEC. 409,749 shares were sold by Rmb Capital Management Llc as the company’s stock rose 1.62% while stock markets declined. The hedge fund is holding 7,251 shares, compared to the 417,000 from the previous quarter. And the reported value of the major banks company is $230,000 for the 2018Q1. $23.55 billion is the MC of Fifth Third Bancorp. FITB is hitting $34.35 during the last trading session, after increased 0.12%.Currently Fifth Third Bancorp is uptrending after 26.73% change in last May 17, 2017. FITB has 4.21 million shares volume. FITB outperformed the S&P 500 by 15.18%.

Rmb Capital Management Llc upped its stake in Spdr Series Trust (Put) (KRE) by 531,500 shares to 1.17 million shares, valued at $70.54M in 2018Q1, according to the filing. It operates about $3.98B and $3.91B US Long portfolio. Rmb Capital Management Llc has risen its stake in Citigroup Inc (Put) (NYSE:C) and also increased its holding in Td Ameritrade Hldg Corp (Put) (NYSE:AMTD) by 358,000 shares in the quarter, for a total of 497,000 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. On Tuesday, January 23 the company was maintained by Sandler O’Neill. On Thursday, December 7 the stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Sell” rating by Robert W. Baird. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, April 30. The stock rating was maintained by Jefferies with “Hold” on Wednesday, April 4. In Wednesday, January 24 report Bank of America maintained the stock with “Neutral” rating. On Tuesday, January 23 the stock has “Hold” rating by Susquehanna. On Tuesday, April 24 the rating was maintained by Keefe Bruyette & Woods with “Hold”. On Tuesday, January 2 the stock has “Hold” rating by Barclays Capital. On Friday, November 17 the stock has “Underperform” rating by Macquarie Research. On Thursday, January 4 the rating was maintained by Susquehanna with “Hold”.

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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