Guggenheim Capital LLC Increases Holdings in Regions Financial Co. (NYSE:RF)

Guggenheim Capital LLC boosted its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,202 shares of the bank's stock after purchasing an additional 18,311 shares during the period. Guggenheim Capital LLC owned about 0.06% of Regions Financial worth $12,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ballentine Partners LLC raised its stake in Regions Financial by 2.5% in the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after buying an additional 420 shares during the period. Prossimo Advisors LLC raised its stake in Regions Financial by 2.3% in the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock valued at $453,000 after acquiring an additional 430 shares during the period. Greenleaf Trust lifted its holdings in Regions Financial by 1.8% during the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after purchasing an additional 436 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in Regions Financial by 2.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after purchasing an additional 436 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its position in Regions Financial by 0.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank's stock worth $1,666,000 after purchasing an additional 529 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Citigroup lowered their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, March 24th. JPMorgan Chase & Co. dropped their price objective on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Barclays increased their target price on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a report on Monday, January 6th. Finally, Truist Financial dropped their target price on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.42.

Regions Financial Stock Performance

Shares of RF stock traded up $0.09 during trading hours on Friday, hitting $19.26. 18,651,917 shares of the company were exchanged, compared to its average volume of 8,135,804. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $17.44 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 1.93 and a beta of 1.01. The firm has a fifty day simple moving average of $21.59 and a 200 day simple moving average of $23.56. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96.

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, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter in the prior year, the company earned $0.37 EPS. Research analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is presently 51.55%.

Insider Buying and Selling

In other news, Director Joia M. Johnson purchased 2,300 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the transaction, the director now directly owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have purchased 3,343 shares of company stock valued at $74,348. Corporate insiders own 0.29% of the company's stock.

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.