Invesco Ltd. Has $363.82 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

Invesco Ltd. lifted its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,468,674 shares of the bank's stock after acquiring an additional 1,963,954 shares during the quarter. Invesco Ltd. owned approximately 1.70% of Regions Financial worth $363,823,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quarry LP raised its position in Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank's stock valued at $40,000 after purchasing an additional 394 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of 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 last quarter. Prossimo Advisors LLC lifted its position in Regions Financial by 2.3% during the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock worth $453,000 after buying an additional 430 shares in the last quarter. Greenleaf Trust grew its holdings in Regions Financial by 1.8% during the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after acquiring an additional 436 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its position in Regions Financial by 2.3% in the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock valued at $456,000 after acquiring an additional 436 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

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Regions Financial Trading Down 0.2 %

NYSE:RF traded down $0.04 on Friday, reaching $18.96. The company's stock had a trading volume of 13,080,597 shares, compared to its average volume of 8,102,368. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The business's 50-day moving average price is $22.10 and its two-hundred day moving average price is $23.69. The firm has a market cap of $17.17 billion, a PE ratio of 9.77, a PEG 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 (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. Regions Financial's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. Equities research analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.27%. Regions Financial's payout ratio is 51.55%.

Insider Activity at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 3,868 shares of company stock valued at $86,722. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on RF. Citigroup decreased their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Barclays increased their price objective on Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research report on Monday, January 6th. Morgan Stanley dropped their target price on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. Truist Financial reduced their target price on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One research 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. Based on data from MarketBeat, Regions Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.42.

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.