Johnson Financial Group Lifted Fifth Third Bancorp (FITB) Stake, 7 Analysts Bullish Surgery Partners (SGRY)

June 20, 2017 - By Vivian Park

Johnson Financial Group Inc increased Fifth Third Bancorp (FITB) stake by 93.65% reported in 2016Q4 SEC filing. Johnson Financial Group Inc acquired 32,896 shares as Fifth Third Bancorp (FITB)’s stock declined 12.20%. The Johnson Financial Group Inc holds 68,021 shares with $1.84M value, up from 35,125 last quarter. Fifth Third Bancorp now has $19.22B valuation. The stock declined 0.35% or $0.09 reaching $25.5 on the news. About 75 shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since June 20, 2016 and is uptrending. It has outperformed by 16.60% the S&P500.

Among 10 analysts covering Surgery Partners (NASDAQ:SGRY), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Surgery Partners had 12 analyst reports since October 26, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, October 26 by RBC Capital Markets. Stifel Nicolaus initiated Surgery Partners Inc (NASDAQ:SGRY) on Tuesday, October 27 with “Buy” rating. The firm has “Buy” rating given on Monday, October 26 by Citigroup. The rating was initiated by Morgan Stanley with “Equal-Weight” on Monday, October 26. On Monday, October 26 the stock rating was initiated by Raymond James with “Strong Buy”. Jefferies initiated the stock with “Buy” rating in Monday, October 26 report. Benchmark initiated it with “Buy” rating and $24 target in Tuesday, January 31 report. The rating was initiated by Bank of America with “Buy” on Monday, October 26. KeyBanc Capital Markets initiated Surgery Partners Inc (NASDAQ:SGRY) on Friday, June 10 with “Overweight” rating. The firm has “Buy” rating given on Monday, March 14 by Citigroup. See Surgery Partners Inc (NASDAQ:SGRY) latest ratings:

10/03/2017 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Hold Old Target: $17.00 New Target: $19.00 Downgrade
31/01/2017 Broker: Benchmark Rating: Buy New Target: $24.00 Initiate

About shares traded. Surgery Partners Inc (NASDAQ:SGRY) has risen 53.68% since June 20, 2016 and is uptrending. It has outperformed by 36.98% the S&P500.

Surgery Partners, Inc. is a healthcare services company. The company has market cap of $1.08 billion. The Firm operates in three lines of business across the United States: Surgical Facility Services, Ancillary Services and Optical Services. It has a 76.57 P/E ratio. The Company’s Surgical Facility Services segment consists of the operation of ambulatory surgery centers and surgical hospitals, which include its anesthesia services.

Johnson Financial Group Inc decreased Ishares Tr (EFA) stake by 30,864 shares to 374,895 valued at $21.64M in 2016Q4. It also reduced Ishares Tr (IJH) stake by 3,255 shares and now owns 1,912 shares. Pfizer Inc (NYSE:PFE) was reduced too.

Among 28 analysts covering Fifth Third (NASDAQ:FITB), 5 have Buy rating, 2 Sell and 21 Hold. Therefore 18% are positive. Fifth Third had 56 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Friday, October 7. On Wednesday, October 21 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Neutral” rating by Piper Jaffray on Tuesday, November 24. The rating was maintained by Jefferies on Friday, May 27 with “Buy”. The firm has “Equal-Weight” rating given on Wednesday, October 5 by Stephens. The firm has “Sell” rating by UBS given on Wednesday, January 11. The firm has “Mkt Perform” rating by Bernstein given on Wednesday, November 16. Robert W. Baird downgraded Fifth Third Bancorp (NASDAQ:FITB) rating on Wednesday, November 16. Robert W. Baird has “Underperform” rating and $21 target. As per Monday, October 10, the company rating was downgraded by Nomura. BMO Capital Markets downgraded the shares of FITB in report on Tuesday, April 5 to “Market Perform” rating.

Since April 28, 2017, it had 0 insider buys, and 4 sales for $1.32 million activity. 2,000 shares were sold by Hoover Jewell D, worth $49,632 on Friday, April 28. ANDERSON LARS C also sold $247,943 worth of Fifth Third Bancorp (NASDAQ:FITB) on Friday, April 28. Shares for $373,200 were sold by Leonard James C.. Tanner Teresa J. had sold 26,010 shares worth $647,649 on Thursday, May 4.

Investors sentiment increased to 0.93 in Q4 2016. Its up 0.24, from 0.69 in 2016Q3. It improved, as 36 investors sold FITB shares while 230 reduced holdings. 93 funds opened positions while 154 raised stakes. 604.34 million shares or 0.54% more from 601.09 million shares in 2016Q3 were reported. Convergence Ptnrs Limited Liability Corporation holds 240,206 shares or 0.89% of its portfolio. Ledyard Retail Bank stated it has 0.01% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Ahl Prtnrs Limited Liability Partnership reported 0.21% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Panagora Asset Management Inc accumulated 1.79 million shares. Bp Public Ltd Liability Com reported 0.1% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Nationwide Fund Advsr accumulated 1.45 million shares or 0.16% of the stock. Commonwealth Equity invested 0.05% in Fifth Third Bancorp (NASDAQ:FITB). Great West Life Assurance Comm Can holds 0.05% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB) for 633,578 shares. Altavista Wealth Mngmt Inc invested in 0.14% or 9,593 shares. Highstreet Asset Management holds 24,046 shares. Schwartz Counsel Incorporated reported 1.10 million shares or 2.05% of all its holdings. Parametric Port Assoc Limited Liability reported 0.11% in Fifth Third Bancorp (NASDAQ:FITB). The Missouri-based Ent Services has invested 0% in Fifth Third Bancorp (NASDAQ:FITB). Commercial Bank Of Mellon has invested 0.05% in Fifth Third Bancorp (NASDAQ:FITB). Sumitomo Mitsui Trust Hldgs owns 0.11% invested in Fifth Third Bancorp (NASDAQ:FITB) for 2.47M shares.

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