Regions Financial Co. (NYSE:RF) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 246.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,353 shares of the bank's stock after purchasing an additional 58,610 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Regions Financial were worth $1,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. World Investment Advisors LLC raised its holdings in Regions Financial by 14.5% during the 3rd quarter. World Investment Advisors LLC now owns 15,837 shares of the bank's stock valued at $369,000 after buying an additional 2,010 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Regions Financial in the 3rd quarter worth $56,000. Tidal Investments LLC lifted its position in shares of Regions Financial by 2.0% during the third quarter. Tidal Investments LLC now owns 127,326 shares of the bank's stock valued at $2,971,000 after buying an additional 2,531 shares during the last quarter. Synovus Financial Corp lifted its position in Regions Financial by 55.9% during the third quarter. Synovus Financial Corp now owns 375,572 shares of the bank's stock valued at $8,762,000 after acquiring an additional 134,615 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Regions Financial by 30.9% in the 3rd quarter. Franklin Resources Inc. now owns 702,627 shares of the bank's stock worth $16,758,000 after purchasing an additional 165,710 shares in the last quarter. 79.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson purchased 2,300 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. This represents a 15.15 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by insiders.

Regions Financial Trading Up 2.6 %

Shares of Regions Financial stock traded up $0.52 during trading hours on Thursday, hitting $20.54. The company's stock had a trading volume of 8,694,614 shares, compared to its average volume of 8,106,685. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.93 and a beta of 1.01. 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 Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The firm has a fifty day moving average of $21.32 and a 200-day moving average of $23.49.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period in the prior year, the firm earned $0.37 earnings per share. Research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, May 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.87%. Regions Financial's payout ratio is currently 48.08%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RF shares. JPMorgan Chase & Co. reduced their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. The Goldman Sachs Group cut their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday. Stephens decreased their target price on Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Monday. Citigroup cut their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Finally, Morgan Stanley decreased their target price on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $25.53.

About Regions Financial

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.