Duality Advisers LP Has $589,000 Stock Holdings in Regions Financial Co. (NYSE:RF)

Duality Advisers LP decreased its position in Regions Financial Co. (NYSE:RF) by 82.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,411 shares of the bank’s stock after selling 142,941 shares during the period. Duality Advisers LP’s holdings in Regions Financial were worth $589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RF. Wellington Management Group LLP grew its holdings in shares of Regions Financial by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 53,824,390 shares of the bank’s stock valued at $925,780,000 after buying an additional 4,160,768 shares during the period. Bahl & Gaynor Inc. boosted its stake in Regions Financial by 162.1% in the 3rd quarter. Bahl & Gaynor Inc. now owns 5,904,595 shares of the bank’s stock worth $101,559,000 after purchasing an additional 3,651,390 shares during the period. Vanguard Group Inc. increased its holdings in Regions Financial by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 114,585,518 shares of the bank’s stock worth $1,970,871,000 after purchasing an additional 2,982,310 shares in the last quarter. Invesco Ltd. increased its holdings in Regions Financial by 15.1% during the 3rd quarter. Invesco Ltd. now owns 11,086,142 shares of the bank’s stock worth $190,682,000 after purchasing an additional 1,455,499 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Regions Financial by 13.4% during the 3rd quarter. Northern Trust Corp now owns 10,761,543 shares of the bank’s stock worth $185,099,000 after purchasing an additional 1,268,045 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insider Activity

In other news, Director William C. Rhodes III bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were bought at an average price of $19.37 per share, with a total value of $968,500.00. Following the completion of the transaction, the director now owns 50,000 shares of the company’s stock, valued at $968,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by company insiders.

Regions Financial Price Performance

NYSE:RF opened at $19.61 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $19.41 and its two-hundred day moving average price is $18.07. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 1.45 and a beta of 1.21. Regions Financial Co. has a 12-month low of $13.72 and a 12-month high of $21.08.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, April 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. Regions Financial’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. On average, analysts anticipate that Regions Financial Co. will post 1.95 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Friday, May 31st. Regions Financial’s payout ratio is 52.17%.

Analysts Set New Price Targets

RF has been the subject of a number of research reports. Morgan Stanley lowered their target price on Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Monday. Barclays reiterated an “underweight” rating and set a $22.00 target price (up previously from $20.00) on shares of Regions Financial in a report on Tuesday, January 2nd. Citigroup upgraded Regions Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $23.00 in a report on Monday, March 18th. Argus cut Regions Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on Regions Financial from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.17.

Regions Financial Company 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.