Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 62,600 Shares of Regions Financial Co. (NYSE:RF)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 240,143 shares of the bank's stock after buying an additional 62,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Regions Financial were worth $5,648,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its holdings in shares of Regions Financial by 16.3% during the third quarter. State Street Corp now owns 55,485,987 shares of the bank's stock worth $1,306,813,000 after buying an additional 7,791,399 shares in the last quarter. National Bank of Canada FI grew its position in Regions Financial by 575.8% during the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank's stock worth $39,784,000 after acquiring an additional 1,452,956 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Regions Financial by 247.0% in the 4th quarter. Allianz Asset Management GmbH now owns 1,738,571 shares of the bank's stock worth $40,891,000 after purchasing an additional 1,237,538 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Regions Financial by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank's stock valued at $648,269,000 after purchasing an additional 816,226 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Regions Financial during the third quarter valued at about $17,589,000. 79.39% of the stock is currently owned by institutional investors.

Regions Financial Stock Up 1.3 %

Shares of Regions Financial stock traded up $0.31 during trading on Friday, reaching $23.71. 8,334,005 shares of the company traded hands, compared to its average volume of 7,967,197. The firm has a market capitalization of $21.47 billion, a PE ratio of 12.22, a P/E/G ratio of 1.93 and a beta of 1.20. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a 50 day moving average price of $24.06 and a 200-day moving average price of $23.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

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

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.22%. Regions Financial's dividend payout ratio (DPR) is presently 51.55%.

Analyst Ratings Changes

RF has been the subject of several recent research reports. Citigroup upped their price objective on Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Barclays upped their price target 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. Wells Fargo & Company lifted their price target on shares of Regions Financial from $24.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, November 15th. Piper Sandler boosted their price objective on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods raised Regions Financial from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.67.

Regions Financial 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.