Schroder Investment Management Group Increases Stake in Regions Financial Corporation (RF)

Schroder Investment Management Group increased its position in Regions Financial Corporation (NYSE:RF) by 100.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,876 shares of the bank’s stock after purchasing an additional 30,447 shares during the quarter. Schroder Investment Management Group’s holdings in Regions Financial were worth $916,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in Regions Financial by 8,065.3% during the second quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock worth $191,306,000 after buying an additional 12,907,276 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its holdings in Regions Financial by 257.2% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock worth $145,268,000 after buying an additional 6,868,243 shares during the last quarter. Samlyn Capital LLC boosted its holdings in Regions Financial by 63.0% during the second quarter. Samlyn Capital LLC now owns 9,074,895 shares of the bank’s stock worth $132,856,000 after buying an additional 3,506,995 shares during the last quarter. Shapiro Capital Management LLC bought a new position in Regions Financial during the second quarter worth about $47,308,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Regions Financial by 66.2% during the second quarter. Parametric Portfolio Associates LLC now owns 6,319,165 shares of the bank’s stock worth $92,513,000 after buying an additional 2,517,411 shares during the last quarter. Hedge funds and other institutional investors own 75.70% of the company’s stock.

RF has been the topic of several recent analyst reports. Goldman Sachs Group upgraded Regions Financial from a “buy” rating to a “conviction-buy” rating in a report on Thursday, November 16th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.50 price objective on shares of Regions Financial in a report on Friday, September 15th. J P Morgan Chase & Co boosted their target price on Regions Financial from $15.50 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Citigroup restated a “neutral” rating and issued a $16.00 target price (up previously from $15.00) on shares of Regions Financial in a research note on Monday, October 9th. Finally, Nomura restated a “neutral” rating and issued a $17.00 target price (up previously from $16.00) on shares of Regions Financial in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Regions Financial has an average rating of “Hold” and a consensus target price of $15.88.

Regions Financial Corporation (NYSE RF) opened at $17.12 on Friday. Regions Financial Corporation has a 1-year low of $13.00 and a 1-year high of $17.41. The firm has a market capitalization of $19,615.11, a P/E ratio of 17.61, a P/E/G ratio of 1.53 and a beta of 1.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.84 and a current ratio of 0.85.

Regions Financial (NYSE:RF) last released its earnings results on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. Regions Financial had a return on equity of 7.56% and a net margin of 20.14%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the firm posted $0.24 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. analysts anticipate that Regions Financial Corporation will post 0.99 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a $0.09 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.36 annualized dividend and a yield of 2.10%. Regions Financial’s payout ratio is currently 37.50%.

In other Regions Financial news, EVP Scott M. Peters sold 25,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $15.84, for a total value of $396,000.00. Following the transaction, the executive vice president now owns 121,459 shares in the company, valued at $1,923,910.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John B. Owen sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $15.67, for a total value of $626,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,000 shares of company stock worth $1,278,400. Corporate insiders own 0.52% of the company’s stock.

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About Regions Financial

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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