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Fifth Third Bancorp Sells 27,178 Shares of Fifth Third Bancorp $FITB
Fifth Third Bancorp reduced its holdings by 3.8% in Q4, selling 27,178 shares of its own stock, though institutional investors still own 83.79% of the company. Two executive VPs also recently sold shares, decreasing their ownership stakes. Despite these sales, Wall Street analysts maintain a “Moderate Buy” rating with a consensus target price of $57.19, following the company’s significant EPS beat and offering a 3.2% dividend yield.