5,419,013 Shares in Regions Financial Corporation $RF Acquired by Legal & General Group Plc

Posted by Brian Himes on Aug 27th, 2026

Legal & General Group Plc bought a new position in Regions Financial Corporation (NYSE:RF – Free Report) in the second quarter, HoldingsChannel.com reports. The fund bought 5,419,013 shares of the bank’s stock, valued at approximately $163,654,000.

A number of other hedge funds have also added to or reduced their stakes in RF. Empowered Funds LLC lifted its holdings in shares of Regions Financial by 7.2% during the 1st quarter. Empowered Funds LLC now owns 19,152 shares of the bank’s stock valued at $416,000 after buying an additional 1,278 shares during the period. Woodline Partners LP increased its position in Regions Financial by 40.7% during the first quarter. Woodline Partners LP now owns 76,797 shares of the bank’s stock valued at $1,669,000 after acquiring an additional 22,216 shares during the last quarter. Baird Financial Group Inc. increased its position in Regions Financial by 0.7% during the second quarter. Baird Financial Group Inc. now owns 71,717 shares of the bank’s stock valued at $1,687,000 after acquiring an additional 511 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Regions Financial by 81.2% in the second quarter. Federated Hermes Inc. now owns 11,677 shares of the bank’s stock valued at $275,000 after acquiring an additional 5,233 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Regions Financial by 5.0% in the second quarter. Daiwa Securities Group Inc. now owns 141,155 shares of the bank’s stock valued at $3,320,000 after acquiring an additional 6,690 shares during the period. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Regions Financial Stock Up 0.4%

NYSE RF opened at $30.74 on Thursday. The stock’s 50-day moving average price is $30.77 and its 200-day moving average price is $28.81. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.26. Regions Financial Corporation has a 52 week low of $22.70 and a 52 week high of $32.47. The company has a market capitalization of $26.19 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 1.17 and a beta of 1.00.

Regions Financial (NYSE:RF – Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Regions Financial had a return on equity of 12.88% and a net margin of 23.33%.The firm’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. On average, equities research analysts predict that Regions Financial Corporation will post 2.63 earnings per share for the current year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a $0.30 dividend. The ex-dividend date is Tuesday, September 1st. This is an increase from Regions Financial’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. Regions Financial’s dividend payout ratio (DPR) is currently 43.27%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Regions Financial from $31.50 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. DA Davidson raised their price objective on shares of Regions Financial from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. UBS Group boosted their target price on shares of Regions Financial from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Wells Fargo & Company upped their target price on shares of Regions Financial from $28.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, July 6th. Finally, Robert W. Baird reiterated an “underperform” rating and issued a $28.00 price target on shares of Regions Financial in a research report on Monday, July 6th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.24.

Get Our Latest Stock Report on RF

About Regions Financial

(Free Report)

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.