Raymond James reduced Fifth Third stake, while the bank missed earnings estimates and increased dividend.

Raymond James & Associates decreased its stake in Fifth Third Bancorp by 8.7%, holding 604,688 shares valued at approximately $25.9 million. The bank reported earnings of $0.78 per share, missing estimates by $0.05. The company has a market cap of $30.14 billion and a P/E ratio of 13.99. Institutional investors own 83.79% of its stock. Fifth Third also increased its quarterly dividend from $0.35 to $0.37.