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Ascent Group LLC Cuts Stock Holdings in Fifth Third Bancorp $FITB
Ascent Group LLC significantly reduced its stake in Fifth Third Bancorp (NASDAQ:FITB) by 73.8% in the fourth quarter, selling 46,429 shares and holding 16,486 shares valued at $772,000. Despite this, other institutional investors have bought and sold shares, with institutional ownership reaching 83.79%. Analysts maintain a “Moderate Buy” rating for FITB with an average target price of $56.16, and the company recently announced a quarterly dividend of $0.40 per share.