Charles Schwab Investment Management Inc. Has $648.27 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

Charles Schwab Investment Management Inc. grew its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,786,933 shares of the bank's stock after acquiring an additional 816,226 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.06% of Regions Financial worth $648,269,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of RF. American National Bank & Trust lifted its position in Regions Financial by 1,856.7% in the 3rd quarter. American National Bank & Trust now owns 1,174 shares of the bank's stock valued at $27,000 after acquiring an additional 1,114 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Regions Financial in the 1st quarter valued at about $26,000. Quarry LP lifted its holdings in shares of Regions Financial by 157.2% in the second quarter. Quarry LP now owns 1,335 shares of the bank's stock valued at $27,000 after purchasing an additional 816 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Regions Financial by 530.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,493 shares of the bank's stock worth $30,000 after buying an additional 1,256 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Regions Financial during the second quarter worth about $32,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Citigroup upped their price target on Regions Financial from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday. Truist Financial increased their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a "hold" rating in a report on Monday, October 21st. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Barclays increased their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock an "underweight" rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company lifted their target price on Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of "Moderate Buy" and an average target price of $26.41.

Regions Financial Stock Performance

Shares of NYSE:RF traded up $0.34 on Friday, hitting $27.08. The company had a trading volume of 3,182,907 shares, compared to its average volume of 7,908,065. The stock has a 50 day moving average price of $23.95 and a 200 day moving average price of $21.77. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The stock has a market cap of $24.61 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 2.72 and a beta of 1.16. Regions Financial Co. has a 1-year low of $15.79 and a 1-year high of $27.22.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The firm's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. Analysts expect that Regions Financial Co. will post 2.12 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 3.69%. Regions Financial's payout ratio is currently 56.50%.

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.