Hsbc Holdings PLC grew its position in Regions Financial Corporation (NYSE:RF – Free Report) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,021,803 shares of the bank’s stock after buying an additional 22,033 shares during the quarter. Hsbc Holdings PLC’s holdings in Regions Financial were worth $54,831,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in RF. American Century Companies Inc. raised its position in shares of Regions Financial by 85.9% in the third quarter. American Century Companies Inc. now owns 4,625,557 shares of the bank’s stock valued at $121,976,000 after buying an additional 2,137,062 shares during the last quarter. Swiss Life Asset Management Ltd boosted its position in Regions Financial by 244.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after acquiring an additional 1,600,926 shares during the last quarter. Schroder Investment Management Group boosted its position in Regions Financial by 11.2% during the third quarter. Schroder Investment Management Group now owns 1,732,045 shares of the bank’s stock worth $45,899,000 after acquiring an additional 173,871 shares during the last quarter. Barclays PLC grew its stake in Regions Financial by 12.4% during the 3rd quarter. Barclays PLC now owns 6,254,555 shares of the bank’s stock valued at $164,933,000 after acquiring an additional 689,313 shares in the last quarter. Finally, Interval Partners LP raised its holdings in Regions Financial by 30.5% in the 3rd quarter. Interval Partners LP now owns 786,307 shares of the bank’s stock valued at $20,735,000 after acquiring an additional 183,694 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.
Regions Financial Price Performance
Shares of RF stock opened at $28.77 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $24.55 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00. The firm’s 50-day moving average is $28.00 and its two-hundred day moving average is $27.80. Regions Financial Corporation has a 12 month low of $22.00 and a 12 month high of $31.53.
Regions Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.06 annualized dividend and a yield of 3.7%. Regions Financial’s dividend payout ratio (DPR) is 44.17%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on RF shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $32.00 target price on shares of Regions Financial in a research note on Tuesday, March 3rd. Morgan Stanley dropped their price target on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. JPMorgan Chase & Co. cut their price target on Regions Financial from $31.50 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. DA Davidson lifted their price objective on Regions Financial from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Stephens started coverage on Regions Financial in a research note on Monday, June 15th. They set an “equal weight” rating and a $31.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.73.
Check Out Our Latest Stock Report on Regions Financial
Insider Transactions at Regions Financial
In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by company insiders.
Regions Financial Profile
Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.
In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.
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