Dimensional Fund Advisors LP Sells 805,564 Shares of Regions Financial Co. (NYSE:RF)

Dimensional Fund Advisors LP reduced its position in Regions Financial Co. (NYSE:RF - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,960,557 shares of the bank's stock after selling 805,564 shares during the period. Dimensional Fund Advisors LP owned approximately 1.32% of Regions Financial worth $281,327,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Regions Financial by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock valued at $686,398,000 after buying an additional 1,396,647 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Regions Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank's stock valued at $540,284,000 after purchasing an additional 403,283 shares during the period. First Trust Advisors LP lifted its position in shares of Regions Financial by 7.7% during the fourth quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank's stock worth $401,097,000 after purchasing an additional 1,224,645 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Regions Financial by 14.5% in the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock valued at $363,823,000 after purchasing an additional 1,963,954 shares during the period. Finally, Norges Bank purchased a new stake in Regions Financial during the 4th quarter worth $279,103,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Regions Financial Trading Up 2.6 %

Shares of Regions Financial stock traded up $0.52 during trading on Thursday, hitting $20.54. The stock had a trading volume of 8,694,614 shares, compared to its average volume of 8,106,685. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $18.60 billion, a PE ratio of 10.59, a P/E/G 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 stock has a 50 day simple moving average of $21.32 and a 200 day simple moving average of $23.49.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $0.37 earnings per share. On average, research analysts expect that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

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

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.