IFM Investors Pty Ltd Sells 3,623 Shares of Regions Financial Co. (NYSE:RF)

IFM Investors Pty Ltd cut its position in Regions Financial Co. (NYSE:RF) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,962 shares of the bank’s stock after selling 3,623 shares during the quarter. IFM Investors Pty Ltd’s holdings in Regions Financial were worth $4,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of RF. Private Advisor Group LLC raised its position in shares of Regions Financial by 1.8% in the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock worth $581,000 after buying an additional 429 shares in the last quarter. CWM LLC raised its holdings in shares of Regions Financial by 1.1% in the 3rd quarter. CWM LLC now owns 42,346 shares of the bank’s stock valued at $988,000 after acquiring an additional 480 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of Regions Financial by 2.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank’s stock valued at $515,000 after acquiring an additional 506 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Regions Financial by 2.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,267 shares of the bank’s stock valued at $473,000 after acquiring an additional 545 shares during the last quarter. Finally, IFG Advisory LLC grew its holdings in shares of Regions Financial by 1.8% during the second quarter. IFG Advisory LLC now owns 30,928 shares of the bank’s stock worth $620,000 after purchasing an additional 546 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Performance

NYSE:RF opened at $23.50 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a fifty-two week low of $13.95 and a fifty-two week high of $24.47. The firm has a market cap of $21.51 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 2.54 and a beta of 1.17. The business has a 50 day moving average price of $22.91 and a 200-day moving average price of $21.00.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the company earned $0.49 EPS. The company’s quarterly revenue was down 3.7% on a year-over-year basis. Equities research analysts predict that Regions Financial Co. will post 2.05 earnings per share for the current year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.26%. Regions Financial’s dividend payout ratio is presently 56.50%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RF shares. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada raised their price objective on shares of Regions Financial from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Keefe, Bruyette & Woods cut their target price on shares of Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. Argus upgraded Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Thursday. Finally, DA Davidson lifted their price target on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Regions Financial presently has a consensus rating of “Hold” and an average price target of $24.35.

About Regions Financial

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.