Principal Financial Group Inc. Has $33.14 Million Position in Fifth Third Bancorp $FITB

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Principal Financial Group Inc. recently reduced its stake in Fifth Third Bancorp by 4.0%, now holding 743,917 shares valued at $33.14 million. Despite this, other major institutional investors increased their positions, and analysts maintain a “Moderate Buy” rating with a consensus price target of $56.56 for Fifth Third Bancorp ($FITB). The company offers a quarterly dividend of $0.40, resulting in an annualized yield of 3.0%.

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