Fifth Third Bancorp (NASDAQ:FITB), saw an insider lower their exposure to the company through a transaction that began last week, and was officially filed today, September 2nd. Senior Vice President James C. Leonard disposed of 11,349.4426 shares at an average price of $20.25 per share. Following this move, Leonard now has a total of 57,665.59 shares directly involved with the company. Moreover, Fifth Third Bancorp (NASDAQ:FITB) is a $17.04 billion market cap diversified financial services company that operates in four business segments: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors.
In addition, among the outside investors in the company is billionaire Israel Englander. His hedge fund, Millennium Management, rose its involvement with Fifth Third Bancorp (NASDAQ:FITB) by 197% over the course of the last fiscal quarter, and now has a total of about 7.7 million shares worth approximately $164.4 million invested in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.