Impax Asset Management Group plc significantly reduced its stake in Fifth Third Bancorp (NASDAQ:FITB) by 81.3% in the third quarter, selling 160,907 shares. Despite this, other institutional investors increased their positions in the company, with 83.79% of the stock owned by hedge funds and institutional investors. Fifth Third Bancorp reported solid financial performance, including a quarterly dividend of $0.40 per share, and analysts show a “Moderate Buy” consensus rating with an average target price of $56.58.
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Fifth Third Bancorp $FITB Shares Sold by Impax Asset Management Group plc
Impax Asset Management Group plc significantly reduced its stake in Fifth Third Bancorp (NASDAQ:FITB) by 81.3% in the third quarter, selling 160,907 shares. Despite this, other institutional investors increased their positions in the company, with 83.79% of the stock owned by hedge funds and institutional investors. Fifth Third Bancorp reported solid financial performance, including a quarterly dividend of $0.40 per share, and analysts show a “Moderate Buy” consensus rating with an average target price of $56.58.