The Hedge Fund Rmb Capital Management Llc Lowered Fifth Third Bancorp (NASDAQ:FITB) Position by $12.70 Million

May 17, 2018 - By Benjamin Allen

Fifth Third Bancorp (NASDAQ:FITB) Corporate LogoDuring Q4 2017 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 increased. 161 grew stakes while 74 funds took stakes. Funds hold 562.64 million shares thus 2.26% less from 2017Q3’s 575.67 million shares. Ibm Retirement Fund invested 0.1% in Fifth Third Bancorp (NASDAQ:FITB). Valley Advisers Incorporated holds 0.05% or 4,995 shs. Apg Asset Nv reported 0.06% stake. Seizert Prns Ltd Liability Co holds 3.30M shs or 3.6% of its capital. Hightower Advsrs Ltd Limited Liability Company reported 28,802 shs. Brown Advisory Inc invested in 9,128 shs. West Chester Advsr Incorporated holds 0.23% of its capital in Fifth Third Bancorp (NASDAQ:FITB) for 7,677 shs. Loring Wolcott And Coolidge Fiduciary Advisors Llp Ma holds 0% of its capital in Fifth Third Bancorp (NASDAQ:FITB) for 29 shs. Northern owns 9.39M shs. Capital Financial Advisers accumulated 25,199 shs or 0.01% of the stock. Busey Trust stated it has 0.03% in Fifth Third Bancorp (NASDAQ:FITB). New York-based Kepos Limited Partnership has invested 0.34% in Fifth Third Bancorp (NASDAQ:FITB). Moreover, State Of Tennessee Treasury Department has 0.02% invested in Fifth Third Bancorp (NASDAQ:FITB) for 182,532 shs. Sumitomo Mitsui Trust Holdings has 0.1% invested in Fifth Third Bancorp (NASDAQ:FITB) for 2.50 million shs. Virtu Fin Ltd Limited Liability Company holds 0.05% of its capital in Fifth Third Bancorp (NASDAQ:FITB) for 29,724 shs.

FITB registered $6.84 million net activity with 0 insider purchases and 11 insider sales since February 5, 2018. Hoover Jewell D sold $119,895 worth of Fifth Third Bancorp (NASDAQ:FITB) or 3,700 shs on Monday, February 12. On Monday, February 5 $246,098 worth of stock was sold by Hazel Mark D. Another trade for 3,000 shs valued at $100,316 was sold by BRUMBACK EMERSON L. Immaneni Aravind also sold $134,400 worth of Fifth Third Bancorp (NASDAQ:FITB) on Monday, March 19. $530,570 worth of Fifth Third Bancorp (NASDAQ:FITB) shs were sold by ANDERSON LARS C. $960,780 worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by Forrest Frank R. on Wednesday, February 14.

In Fifth Third Bancorp (NASDAQ:FITB) was decreased the stake owned by Rmb Capital Management Llc. The decrease is 98.26% according to 2018Q1 Securities and Exchange form. The company’s stock rose 1.62% while stock markets declined as Rmb Capital Management Llc sold 409,749 shares. The major banks company announced $230,000 value for the 2018Q1. Now the hedge fund is holding 7,251 shares, compared to the 417,000 from the previous quarter. Fifth Third Bancorp has $23.55 billion MC. FITB is hitting $34.35 during the last trading session, after increased 0.12%.Fifth Third Bancorp has volume of 4.21 million shares. Since May 17, 2017 FITB has risen 26.73% and is uptrending. The stock outperformed the S&P500 by 15.18%.

About $3.98 billion and $3.91 billion US Long portfolio Rmb Capital Management Llc operates. According to a filing the fund upped its stake in Visa Inc (NYSE:V) by 146,437 shares to 285,437 shares, valued at $34.14M in 2018Q1. Rmb Capital Management Llc has risen its stake in Citigroup Inc (Put) (NYSE:C) 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. On Tuesday, January 23 the firm has “Hold” rating given by Piper Jaffray. On Wednesday, January 24 the company was maintained by Keefe Bruyette & Woods. On Friday, November 17 Macquarie Research downgraded the shares of FITB in report to “Underperform” rating. On Tuesday, December 12 Keefe Bruyette & Woods maintained Fifth Third Bancorp (NASDAQ:FITB) with “Hold” rating. On Tuesday, January 23 the rating was maintained by Jefferies with “Hold”. The company rating was maintained by Bank of America on Wednesday, January 24. The company rating was maintained by Morgan Stanley on Monday, April 30. On Tuesday, April 24 Keefe Bruyette & Woods maintained Fifth Third Bancorp (NASDAQ:FITB) with “Hold” rating. On Tuesday, January 23 the rating was maintained by Sandler O’Neill with “Hold”. On Thursday, December 7 the firm earned “Sell” rating by Robert W. Baird.

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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