Integrated Wealth Concepts LLC Increases Stock Holdings in Regions Financial Co. (NYSE:RF)

Integrated Wealth Concepts LLC increased its stake in Regions Financial Co. (NYSE:RF) by 10.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,134 shares of the bank’s stock after acquiring an additional 1,418 shares during the period. Integrated Wealth Concepts LLC’s holdings in Regions Financial were worth $356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. LBP AM SA boosted its holdings in Regions Financial by 149.4% during the 4th quarter. LBP AM SA now owns 730,614 shares of the bank’s stock valued at $17,184,000 after acquiring an additional 437,691 shares during the period. Aigen Investment Management LP bought a new stake in shares of Regions Financial during the fourth quarter worth $1,965,000. Aprio Wealth Management LLC purchased a new stake in shares of Regions Financial during the fourth quarter valued at $1,247,000. Nordea Investment Management AB grew its holdings in shares of Regions Financial by 60.4% in the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock worth $6,220,000 after purchasing an additional 99,115 shares during the last quarter. Finally, Vest Financial LLC increased its stake in Regions Financial by 20.4% in the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank’s stock worth $34,806,000 after buying an additional 250,729 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RF shares. Morgan Stanley lowered their price objective on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. dropped their price objective on Regions Financial from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Barclays reduced their price objective on Regions Financial from $26.00 to $24.00 and set an “underweight” rating on the stock in a report on Monday, April 21st. Wells Fargo & Company lowered their target price on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. Finally, Citigroup cut their price target on Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Regions Financial presently has an average rating of “Moderate Buy” and a consensus price target of $25.53.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost 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 approximately $370,353.48. The trade was a 15.15 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Regions Financial Price Performance

Shares of RF stock opened at $21.05 on Friday. 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. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.93 and a beta of 1.01. The stock’s 50-day simple moving average is $20.84 and its 200-day simple moving average is $23.36.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the company posted $0.37 earnings per share. As a group, equities analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Monday, June 2nd. Regions Financial’s payout ratio is 48.08%.

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.