MML Investors Services LLC Has $2.18 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

MML Investors Services LLC boosted its position in shares of Regions Financial Co. (NYSE:RF) by 29.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,518 shares of the bank’s stock after purchasing an additional 20,849 shares during the period. MML Investors Services LLC’s holdings in Regions Financial were worth $2,176,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RF. Charles Schwab Investment Management Inc. grew its holdings in Regions Financial by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank’s stock worth $686,398,000 after acquiring an additional 1,396,647 shares during the period. Geode Capital Management LLC lifted its position in Regions Financial by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank’s stock valued at $540,284,000 after acquiring an additional 403,283 shares in the last quarter. First Trust Advisors LP lifted its position in Regions Financial by 7.7% in the 4th quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank’s stock valued at $401,097,000 after acquiring an additional 1,224,645 shares in the last quarter. Invesco Ltd. lifted its position in Regions Financial by 14.5% in the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank’s stock valued at $363,823,000 after acquiring an additional 1,963,954 shares in the last quarter. Finally, Norges Bank bought a new stake in Regions Financial in the 4th quarter valued at $279,103,000. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Up 0.8 %

NYSE:RF opened at $20.44 on Tuesday. The company has a 50-day moving average price of $21.08 and a 200-day moving average price of $23.44. The stock has a market cap of $18.51 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 1.93 and a beta of 1.01. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96.

Regions Financial (NYSE:RF) last announced its earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same quarter in the previous year, the business posted $0.37 EPS. Equities analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Monday, June 2nd. Regions Financial’s dividend payout ratio is presently 48.08%.

Insider Activity

In other news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RF shares. JPMorgan Chase & Co. cut their price target on shares of Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group reduced their price objective on Regions Financial from $28.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Citigroup lowered their price target on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Keefe, Bruyette & Woods dropped their price objective on Regions Financial from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, April 21st. Finally, Morgan Stanley reduced their price objective on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating on the stock in a research note 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.53.

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.