Russell Investments Group Ltd. Decreases Stock Holdings in Regions Financial Co. (NYSE:RF)

Russell Investments Group Ltd. lowered its holdings in Regions Financial Co. (NYSE:RF) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,969,551 shares of the bank’s stock after selling 4,018 shares during the period. Russell Investments Group Ltd.’s holdings in Regions Financial were worth $38,185,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RF. Syon Capital LLC increased its holdings in Regions Financial by 20.6% in the 4th quarter. Syon Capital LLC now owns 25,497 shares of the bank’s stock valued at $494,000 after purchasing an additional 4,362 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Regions Financial by 8.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,301 shares of the bank’s stock worth $471,000 after buying an additional 1,810 shares during the period. Alaska Permanent Fund Corp grew its stake in shares of Regions Financial by 1.0% in the fourth quarter. Alaska Permanent Fund Corp now owns 127,456 shares of the bank’s stock valued at $2,470,000 after buying an additional 1,256 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Regions Financial in the fourth quarter valued at about $166,000. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of Regions Financial by 3.7% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 71,458 shares of the bank’s stock valued at $1,385,000 after buying an additional 2,571 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Wall Street Analyst Weigh In

RF has been the subject of a number of analyst reports. Stephens restated an “equal weight” rating and issued a $21.00 price target on shares of Regions Financial in a report on Tuesday, January 23rd. Barclays restated an “underweight” rating and issued a $22.00 target price (up from $20.00) on shares of Regions Financial in a research note on Tuesday, January 2nd. Jefferies Financial Group raised shares of Regions Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $15.00 to $22.00 in a report on Tuesday, January 9th. Piper Sandler boosted their price objective on shares of Regions Financial from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Morgan Stanley decreased their price objective on shares of Regions Financial from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.34.

Regions Financial Trading Up 0.2 %

Regions Financial stock opened at $19.66 on Tuesday. Regions Financial Co. has a 1 year low of $13.72 and a 1 year high of $21.08. The firm’s 50-day moving average is $19.46 and its 200-day moving average is $18.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market cap of $18.06 billion, a P/E ratio of 10.68, a PEG ratio of 1.43 and a beta of 1.21.

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 analysts’ consensus estimates of $0.45 by ($0.08). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Regions Financial had a net margin of 19.75% and a return on equity of 13.28%. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. On average, equities analysts expect that Regions Financial Co. will post 1.95 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.88%. Regions Financial’s dividend payout ratio (DPR) is presently 52.17%.

Insider Buying and Selling

In other news, Director William C. Rhodes III bought 50,000 shares of Regions Financial stock in a transaction on Tuesday, April 23rd. The stock was purchased at an average cost of $19.37 per share, with a total value of $968,500.00. Following the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $968,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.33% of the company’s stock.

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.