Ceeto Capital Group LLC Sells 4,000 Shares of Regions Financial Co. (NYSE:RF)

Ceeto Capital Group LLC reduced its holdings in shares of Regions Financial Co. (NYSE:RF) by 10.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 35,500 shares of the bank’s stock after selling 4,000 shares during the quarter. Ceeto Capital Group LLC’s holdings in Regions Financial were worth $841,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC acquired a new stake in shares of Regions Financial in the 3rd quarter valued at about $453,000. Orion Portfolio Solutions LLC bought a new position in shares of Regions Financial in the third quarter valued at $210,000. MML Investors Services LLC grew its holdings in shares of Regions Financial by 7.7% during the third quarter. MML Investors Services LLC now owns 71,669 shares of the bank’s stock valued at $1,672,000 after buying an additional 5,101 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Regions Financial by 1.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 274,779 shares of the bank’s stock worth $6,411,000 after acquiring an additional 2,751 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Regions Financial by 2.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 359,381 shares of the bank’s stock worth $8,384,000 after acquiring an additional 9,047 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Insiders Place Their Bets

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of Regions Financial stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the acquisition, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have purchased 3,868 shares of company stock valued at $86,722. 0.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RF. Wells Fargo & Company dropped their target price on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Barclays boosted their price objective on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Citigroup cut their target price on Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Finally, Morgan Stanley decreased their price target on Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.42.

Regions Financial Price Performance

Shares of RF stock opened at $18.96 on Friday. The firm has a market cap of $17.17 billion, a P/E ratio of 9.77, a P/E/G ratio of 1.93 and a beta of 1.01. The business’s 50 day moving average price is $22.10 and its 200-day moving average price is $23.69. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. On average, equities research analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 5.27%. Regions Financial’s payout ratio is currently 51.55%.

Regions Financial Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.