AMF Tjanstepension AB Has $1.34 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

AMF Tjanstepension AB reduced its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 78.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,920 shares of the bank's stock after selling 212,283 shares during the quarter. AMF Tjanstepension AB's holdings in Regions Financial were worth $1,339,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp increased its stake in Regions Financial by 16.3% in the third quarter. State Street Corp now owns 55,485,987 shares of the bank's stock valued at $1,306,813,000 after acquiring an additional 7,791,399 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Regions Financial by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock valued at $686,398,000 after purchasing an additional 1,396,647 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Regions Financial by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank's stock valued at $526,118,000 after purchasing an additional 315,605 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Regions Financial by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank's stock worth $203,273,000 after buying an additional 112,885 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Regions Financial by 0.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,226,353 shares of the bank's stock worth $191,921,000 after buying an additional 61,426 shares during the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

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Regions Financial Trading Up 0.5 %

Shares of NYSE RF traded up $0.10 during midday trading on Wednesday, reaching $21.09. The stock had a trading volume of 11,286,506 shares, compared to its average volume of 7,481,066. Regions Financial Co. has a twelve month low of $17.72 and a twelve month 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 company's 50 day moving average price is $23.81 and its 200 day moving average price is $24.05. The firm has a market cap of $19.09 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The business's quarterly revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts expect that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.74%. Regions Financial's dividend payout ratio is currently 51.55%.

Analysts Set New Price Targets

A number of research firms have recently commented on RF. Morgan Stanley reissued an "equal weight" rating and issued a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Barclays raised their target price on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research report on Monday, January 6th. Compass Point boosted their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Piper Sandler increased their price target on Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company boosted their price objective on Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $27.56.

Regions Financial Company 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.