Aster Capital Management DIFC Ltd Invests $1.57 Million in Regions Financial Co. (NYSE:RF)

Aster Capital Management DIFC Ltd bought a new stake in Regions Financial Co. (NYSE:RF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 66,759 shares of the bank's stock, valued at approximately $1,570,000. Regions Financial comprises 0.6% of Aster Capital Management DIFC Ltd's investment portfolio, making the stock its 21st biggest position.

Several other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of Regions Financial by 4.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 411,144 shares of the bank's stock worth $9,670,000 after purchasing an additional 18,314 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Regions Financial by 19.8% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 111,075 shares of the bank's stock valued at $2,612,000 after acquiring an additional 18,344 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Regions Financial during the fourth quarter valued at about $2,225,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Regions Financial in the 4th quarter valued at approximately $6,494,000. Finally, Integrated Quantitative Investments LLC purchased a new position in shares of Regions Financial during the 4th quarter worth approximately $365,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RF. Citigroup cut their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. JPMorgan Chase & Co. cut their price objective on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. 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. Morgan Stanley cut their price target on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, Barclays raised their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Regions Financial presently has a consensus rating of "Moderate Buy" and an average target price of $26.42.

Remove Ads

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the purchase, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased 3,868 shares of company stock worth $86,722 over the last 90 days. Corporate insiders own 0.29% of the company's stock.

Regions Financial Stock Down 1.3 %

NYSE RF traded down $0.25 during trading on Friday, reaching $18.76. 6,376,928 shares of the company's stock were exchanged, compared to its average volume of 8,076,357. The company has a 50 day moving average price of $22.21 and a two-hundred day moving average price of $23.71. The stock has a market cap of $16.98 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. Regions Financial Co. has a 1 year low of $17.72 and a 1 year 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.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, equities research analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 5.33%. Regions Financial's dividend payout ratio (DPR) is presently 51.55%.

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.