AMP Capital Investors Ltd lessened its stake in shares of Regions Financial Corp (NYSE:RF) by 33.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 757,967 shares of the bank’s stock after selling 378,756 shares during the period. AMP Capital Investors Ltd owned about 0.07% of Regions Financial worth $13,099,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of RF. Welch Investments LLC acquired a new stake in Regions Financial during the 4th quarter worth about $120,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Regions Financial in the 3rd quarter valued at about $150,000. American Century Companies Inc. acquired a new position in shares of Regions Financial in the 3rd quarter valued at about $159,000. Independent Advisor Alliance acquired a new position in shares of Regions Financial in the 3rd quarter valued at about $165,000. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Regions Financial by 152.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 10,349 shares of the bank’s stock valued at $179,000 after purchasing an additional 6,249 shares during the period. Hedge funds and other institutional investors own 76.33% of the company’s stock.
A number of equities analysts have recently weighed in on RF shares. Goldman Sachs Group upgraded Regions Financial from a “buy” rating to a “conviction-buy” rating in a report on Thursday, November 16th. Barclays upped their target price on Regions Financial from $15.00 to $19.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. SunTrust Banks reiterated a “buy” rating and issued a $19.00 target price on shares of Regions Financial in a report on Wednesday, November 29th. Robert W. Baird reiterated a “sell” rating and issued a $17.00 target price on shares of Regions Financial in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $18.00 target price on shares of Regions Financial in a report on Sunday, January 21st. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.24.
Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a return on equity of 7.87% and a net margin of 20.48%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. research analysts expect that Regions Financial Corp will post 1.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a $0.09 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.83%. Regions Financial’s payout ratio is 34.95%.
In other Regions Financial news, EVP Ronald G. Smith sold 92,301 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $19.32, for a total transaction of $1,783,255.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott M. Peters sold 25,627 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $19.50, for a total value of $499,726.50. Following the sale, the executive vice president now directly owns 240,796 shares of the company’s stock, valued at approximately $4,695,522. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
About Regions Financial
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.
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