Water Asset Management Trimmed Its Xylem (XYL) Stake; Fifth Third Bancorp (FITB) Covered By 6 Bullish Analysts Last Week

January 13, 2018 - By Hazel Jackson

Among 33 analysts covering Fifth Third (NASDAQ:FITB), 6 have Buy rating, 3 Sell and 24 Hold. Therefore 18% are positive. Fifth Third had 94 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Wednesday, October 5 by Stephens. The firm earned “Underperform” rating on Friday, November 17 by Macquarie Research. The company was maintained on Friday, November 3 by Robert W. Baird. The firm has “Buy” rating by RBC Capital Markets given on Friday, December 8. The firm has “Buy” rating given on Thursday, June 22 by RBC Capital Markets. The firm earned “Mkt Perform” rating on Wednesday, August 26 by Bernstein. The firm has “Buy” rating given on Wednesday, March 29 by Compass Point. As per Wednesday, October 21, the company rating was downgraded by Guggenheim. RBC Capital Markets maintained it with “Buy” rating and $31.0 target in Wednesday, October 25 report. The firm earned “Market Perform” rating on Thursday, August 10 by Wells Fargo. See Fifth Third Bancorp (NASDAQ:FITB) latest ratings:

08/01/2018 Broker: Vining Sparks Rating: Buy New Target: $35.0
04/01/2018 Broker: Susquehanna Rating: Hold New Target: $30.0 Maintain
02/01/2018 Broker: Robert W. Baird Rating: Sell New Target: $29.0 Maintain
02/01/2018 Broker: Barclays Capital Rating: Hold New Target: $35.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $34.0 Maintain
18/12/2017 Broker: BMO Capital Markets Rating: Hold New Target: $33.0 Maintain
12/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $31.0 Maintain
13/12/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $30 New Target: $34 Maintain
08/12/2017 Broker: RBC Capital Markets Rating: Buy New Target: $34.0 Maintain
08/12/2017 Broker: BMO Capital Markets Rating: Hold New Target: $32.0 Maintain

Water Asset Management Llc decreased Xylem Inc (XYL) stake by 17.75% reported in 2017Q3 SEC filing. Water Asset Management Llc sold 99,443 shares as Xylem Inc (XYL)’s stock rose 8.81%. The Water Asset Management Llc holds 460,901 shares with $28.87M value, down from 560,344 last quarter. Xylem Inc now has $12.66 billion valuation. The stock increased 0.70% or $0.49 during the last trading session, reaching $70.46. About 847,704 shares traded or 4.81% up from the average. Xylem Inc. (NYSE:XYL) has risen 20.76% since January 13, 2017 and is uptrending. It has outperformed by 4.06% the S&P500.

Since August 18, 2017, it had 0 buys, and 2 insider sales for $616,440 activity. Shares for $432,900 were sold by Spence Timothy on Thursday, October 26. $183,540 worth of Fifth Third Bancorp (NASDAQ:FITB) was sold by Forrest Frank R. on Friday, August 18.

Fifth Third Bancorp operates as a diversified financial services firm in the United States. The company has market cap of $22.83 billion. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It has a 12.22 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.

Investors sentiment decreased to 0.65 in 2017 Q3. Its down 0.16, from 0.81 in 2017Q2. It worsened, as 45 investors sold Fifth Third Bancorp shares while 234 reduced holdings. 48 funds opened positions while 134 raised stakes. 575.67 million shares or 0.33% more from 573.75 million shares in 2017Q2 were reported. Employees Retirement System Of Texas accumulated 43,000 shares. Whittier Trust Of Nevada owns 875 shares or 0% of their US portfolio. Cubist Systematic Strategies Ltd Liability Com has 0.07% invested in Fifth Third Bancorp (NASDAQ:FITB) for 44,322 shares. Moreover, Canandaigua State Bank & Company has 0.04% invested in Fifth Third Bancorp (NASDAQ:FITB) for 7,410 shares. Adage Cap Grp Limited Liability Corporation holds 0.07% or 1.05M shares. Tokio Marine Asset Management Limited accumulated 28,526 shares or 0.12% of the stock. Artisan Prns L P, a Wisconsin-based fund reported 5.84M shares. Highlander Mgmt Ltd Company invested in 10,309 shares or 0.22% of the stock. Lpl Financial Limited Liability Corporation holds 0.01% in Fifth Third Bancorp (NASDAQ:FITB) or 58,197 shares. Dupont Capital reported 0% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Teachers Retirement Systems Of The State Of Kentucky, a Kentucky-based fund reported 217,687 shares. Janney Montgomery Scott stated it has 0.01% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Hennessy invested in 35,000 shares or 0.03% of the stock. Johnson Grp Inc Incorporated reported 2,388 shares. Sumitomo Mitsui Asset Management Com has invested 0.02% in Fifth Third Bancorp (NASDAQ:FITB).

The stock increased 1.54% or $0.49 during the last trading session, reaching $32.35. About 4.35 million shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since January 13, 2017 and is uptrending. It has outperformed by 16.60% the S&P500.

Among 19 analysts covering Xylem (NYSE:XYL), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Xylem had 65 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Hold” rating by Canaccord Genuity on Thursday, July 27. As per Thursday, January 21, the company rating was upgraded by Seaport Global. Boenning & Scattergood upgraded Xylem Inc. (NYSE:XYL) on Friday, February 3 to “Outperform” rating. The stock of Xylem Inc. (NYSE:XYL) earned “Hold” rating by Stifel Nicolaus on Tuesday, September 5. The stock has “Neutral” rating by Boenning & Scattergood on Monday, November 28. The firm earned “Buy” rating on Tuesday, June 20 by Oppenheimer. Stifel Nicolaus maintained the shares of XYL in report on Tuesday, July 4 with “Hold” rating. The firm has “Hold” rating given on Monday, March 21 by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, May 11 by IBC. Cowen & Co maintained the stock with “Buy” rating in Thursday, October 26 report.

Since August 9, 2017, it had 0 insider purchases, and 6 sales for $5.14 million activity. 196 shares valued at $13,373 were sold by LORANGER STEVEN R on Monday, December 11. The insider Brannemo Tomas sold $153,108. Napolitano Kenneth also sold $544,578 worth of Xylem Inc. (NYSE:XYL) shares.

Analysts await Xylem Inc. (NYSE:XYL) to report earnings on February, 1. They expect $0.76 EPS, up 15.15% or $0.10 from last year’s $0.66 per share. XYL’s profit will be $136.50 million for 23.18 P/E if the $0.76 EPS becomes a reality. After $0.65 actual EPS reported by Xylem Inc. for the previous quarter, Wall Street now forecasts 16.92% EPS growth.

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.19, from 1.2 in 2017Q2. It turned negative, as 25 investors sold XYL shares while 179 reduced holdings. 55 funds opened positions while 151 raised stakes. 146.94 million shares or 0.93% less from 148.32 million shares in 2017Q2 were reported. Northern Trust has invested 0.04% of its portfolio in Xylem Inc. (NYSE:XYL). Brown Advisory invested in 0% or 22,315 shares. Lmr Prtnrs Ltd Liability Partnership, a United Kingdom-based fund reported 8,271 shares. British Columbia – Canada-based British Columbia Mgmt has invested 0.16% in Xylem Inc. (NYSE:XYL). Meiji Yasuda Asset Limited invested in 0.04% or 6,952 shares. Asset Mngmt has invested 0.03% in Xylem Inc. (NYSE:XYL). Sandy Spring Bancorporation reported 0% in Xylem Inc. (NYSE:XYL). Grantham Mayo Van Otterloo & Limited Liability Corp owns 5,360 shares for 0% of their portfolio. Appleton Prtnrs Inc Ma reported 0.31% in Xylem Inc. (NYSE:XYL). Gofen Glossberg Ltd Il owns 7,949 shares. Company Of Vermont owns 2,117 shares for 0.01% of their portfolio. Boston Private Wealth Ltd Liability Corporation reported 5,880 shares stake. Td Asset Mgmt accumulated 1.22 million shares or 0.11% of the stock. Nbt State Bank N A New York accumulated 9,141 shares. Duncker Streett & Inc holds 4,541 shares or 0.09% of its portfolio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>