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Capital Research Global Investors Increases Position in Fifth Third Bancorp $FITB
Capital Research Global Investors has increased its stake in Fifth Third Bancorp (NASDAQ:FITB) by 5.4% in the third quarter, acquiring an additional 295,490 shares to bring its total holdings to over 5.7 million shares, valued at approximately $254.78 million. The company currently holds an average analyst rating of “Moderate Buy” with a consensus price target of $56.91, and significant institutional ownership of about 83.8%. Several other institutional investors also adjusted their positions in FITB, while an EVP insider sold a portion of their shares.