Fifth Third Bancorp Buys 109,308 Bath & Body Works Shares, Expands Stake
Fifth Third Bancorp expanded its position in Bath & Body Works in the first quarter, buying 109,308 additional shares for a total stake of 110,022 shares worth about $2.05 million, while the stock remains largely held by institutional investors at roughly 95%. In related activity, Piper Sandler initiated coverage on Bath & Body Works, signaling ongoing analyst engagement in the retailer’s stock. Separately, Alpha Family Trust took a new stake in Fifth Third Bancorp in the first quarter, acquiring 8,855 shares valued around $411,000, as other institutions also increased or adjusted holdings. Among the other investors, Woodline Partners, Empowered Funds, EverSource Wealth Advisors, Brown Advisory, and Gamco Investors added to Fifth Third positions, with institutional ownership reported at about 83.79%. In a separate insider move, Fifth Third executive vice president Peter L. Sefzik sold 20,000 shares, a transaction disclosed in a Form 4 filing dated April 28, highlighting ongoing insider-to-market dynamics surrounding the bank’s stock.
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