Manufacturers Life Insurance Company The Has Decreased Albemarle (ALB) Holding; Fifth Third Bancorp (FITB) Shorts Decreased By 27.53%

April 24, 2018 - By Vivian Currie

Albemarle Corporation (NYSE:ALB) Logo

Fifth Third Bancorp (NASDAQ:FITB) had a decrease of 27.53% in short interest. FITB’s SI was 14.88M shares in April as released by FINRA. Its down 27.53% from 20.54 million shares previously. With 5.75 million avg volume, 3 days are for Fifth Third Bancorp (NASDAQ:FITB)’s short sellers to cover FITB’s short positions. The SI to Fifth Third Bancorp’s float is 2.15%. The stock increased 5.47% or $1.745 during the last trading session, reaching $33.675. About 3.33 million shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 26.73% since April 24, 2017 and is uptrending. It has outperformed by 15.18% the S&P500.

Manufacturers Life Insurance Company The decreased Albemarle Corp (ALB) stake by 2.16% reported in 2017Q4 SEC filing. Manufacturers Life Insurance Company The sold 2,967 shares as Albemarle Corp (ALB)’s stock declined 27.74%. The Manufacturers Life Insurance Company The holds 134,139 shares with $17.16M value, down from 137,106 last quarter. Albemarle Corp now has $10.81 billion valuation. The stock increased 0.32% or $0.31 during the last trading session, reaching $97.65. About 136,243 shares traded. Albemarle Corporation (NYSE:ALB) has declined 10.68% since April 24, 2017 and is downtrending. It has underperformed by 22.23% the S&P500.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.12, from 1.13 in 2017Q3. It turned negative, as 42 investors sold ALB shares while 182 reduced holdings. 82 funds opened positions while 144 raised stakes. 92.86 million shares or 2.44% less from 95.18 million shares in 2017Q3 were reported. Asset Mgmt Inc owns 0.04% invested in Albemarle Corporation (NYSE:ALB) for 9,203 shares. Panagora Asset Mgmt Incorporated reported 18,243 shares. Texas Permanent School Fund owns 30,165 shares. Pennsylvania-based Glenmede Trust Company Na has invested 0% in Albemarle Corporation (NYSE:ALB). Bahl Gaynor has invested 0.04% in Albemarle Corporation (NYSE:ALB). First Citizens Fincl Bank & Tru has 0.11% invested in Albemarle Corporation (NYSE:ALB) for 6,431 shares. Jane Street Ltd Liability Company holds 0% of its portfolio in Albemarle Corporation (NYSE:ALB) for 1,732 shares. Netherlands-based Spf Beheer Bv has invested 3.63% in Albemarle Corporation (NYSE:ALB). Dimensional Fund Advisors Limited Partnership accumulated 1.09M shares or 0.06% of the stock. Sg Americas Ltd holds 0.01% or 8,793 shares. Gabelli Funds Limited Liability Corporation has 0.07% invested in Albemarle Corporation (NYSE:ALB). Cypress Asset Inc Tx has 0.17% invested in Albemarle Corporation (NYSE:ALB). Reilly Fincl Limited Liability Company reported 50 shares. The France-based Exane Derivatives has invested 0.13% in Albemarle Corporation (NYSE:ALB). Andra Ap invested in 0.06% or 22,200 shares.

Among 23 analysts covering Albemarle Corporation (NYSE:ALB), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Albemarle Corporation had 78 analyst reports since August 7, 2015 according to SRatingsIntel. On Thursday, March 1 the stock rating was maintained by Nomura with “Buy”. The firm earned “Hold” rating on Tuesday, November 14 by Deutsche Bank. The rating was maintained by Jefferies on Wednesday, April 5 with “Buy”. The firm has “Buy” rating given on Wednesday, August 16 by Oppenheimer. The stock has “Buy” rating by KeyBanc Capital Markets on Monday, October 16. The firm has “Buy” rating given on Tuesday, April 17 by RBC Capital Markets. Seaport Global downgraded Albemarle Corporation (NYSE:ALB) on Thursday, March 10 to “Neutral” rating. The stock of Albemarle Corporation (NYSE:ALB) has “Overweight” rating given on Thursday, April 12 by KeyBanc Capital Markets. The firm earned “Neutral” rating on Thursday, August 4 by UBS. The company was maintained on Monday, April 18 by Citigroup.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on May, 9 after the close. They expect $1.20 earnings per share, up 14.29% or $0.15 from last year’s $1.05 per share. ALB’s profit will be $132.88 million for 20.34 P/E if the $1.20 EPS becomes a reality. After $1.34 actual earnings per share reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts -10.45% negative EPS growth.

Manufacturers Life Insurance Company The increased Lasalle Hotel Pptys (NYSE:LHO) stake by 22,113 shares to 269,313 valued at $7.56M in 2017Q4. It also upped Unilever N V (NYSE:UN) stake by 180,876 shares and now owns 449,228 shares. Franklin Res Inc (NYSE:BEN) was raised too.

Since October 26, 2017, it had 0 insider buys, and 11 insider sales for $6.84 million activity. Hazel Mark D also sold $644,747 worth of Fifth Third Bancorp (NASDAQ:FITB) shares. Another trade for 87,613 shares valued at $2.84 million was sold by CARMICHAEL GREG D. McWilliams Jelena sold $64,436 worth of stock or 1,952 shares. Spence Timothy sold $432,900 worth of stock or 15,000 shares. 29,508 shares were sold by Forrest Frank R., worth $960,780 on Wednesday, February 14. 35,000 shares were sold by Leonard James C., worth $1.18 million. The insider BRUMBACK EMERSON L sold 3,000 shares worth $100,316.

Among 33 analysts covering Fifth Third (NASDAQ:FITB), 6 have Buy rating, 3 Sell and 24 Hold. Therefore 18% are positive. Fifth Third had 105 analyst reports since July 22, 2015 according to SRatingsIntel. On Friday, August 11 the stock rating was maintained by Jefferies with “Hold”. Bernstein downgraded the stock to “Mkt Perform” rating in Wednesday, November 16 report. Jefferies maintained the stock with “Hold” rating in Wednesday, April 4 report. RBC Capital Markets maintained it with “Buy” rating and $2800 target in Thursday, June 22 report. The firm earned “Neutral” rating on Friday, October 2 by Goldman Sachs. Sterne Agee CRT initiated the stock with “Buy” rating in Thursday, August 20 report. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Buy” rating by Jefferies on Friday, May 27. The company was maintained on Monday, June 6 by Citigroup. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Neutral” rating by Citigroup on Wednesday, July 22. The stock of Fifth Third Bancorp (NASDAQ:FITB) has “Mkt Perform” rating given on Wednesday, August 26 by Bernstein.

Fifth Third Bancorp operates as a diversified financial services firm in the United States. The company has market cap of $22.81 billion. It operates through four divisions: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It has a 11.9 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 increased to 0.98 in 2017 Q4. Its up 0.33, from 0.65 in 2017Q3. It increased, as 29 investors sold Fifth Third Bancorp shares while 210 reduced holdings. 74 funds opened positions while 161 raised stakes. 562.64 million shares or 2.26% less from 575.67 million shares in 2017Q3 were reported. Cibc World Corp holds 0.03% or 142,654 shares in its portfolio. Old National Commercial Bank In holds 67,338 shares or 0.11% of its portfolio. Paradigm Asset Ltd Liability Co accumulated 84,760 shares or 0.7% of the stock. Bnp Paribas Asset Hldgs reported 370,087 shares or 0.1% of all its holdings. Qci Asset reported 600 shares. Convergence Invest Prns Limited Liability owns 126,950 shares. Chevy Chase Inc holds 613,768 shares. Riverhead Management Lc invested 0.21% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Hl Financial Services Lc has invested 0.04% in Fifth Third Bancorp (NASDAQ:FITB). Hourglass Capital Limited Liability Corp stated it has 68,350 shares or 0.47% of all its holdings. Eaton Vance Mngmt owns 1.58 million shares or 0.12% of their US portfolio. Kentucky Retirement Ins Fund reported 18,738 shares. Van Hulzen Asset Management Limited Liability Co invested in 0.33% or 35,954 shares. Webster Retail Bank N A holds 508 shares or 0% of its portfolio. Marco Investment Ltd Llc reported 0.03% stake.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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