Janus Henderson Group PLC Lowers Stock Position in Regions Financial Co. (NYSE:RF)

Janus Henderson Group PLC trimmed its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 14.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,488 shares of the bank's stock after selling 20,300 shares during the quarter. Janus Henderson Group PLC's holdings in Regions Financial were worth $2,810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its stake in shares of Regions Financial by 1.8% in the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank's stock worth $581,000 after purchasing an additional 429 shares during the last quarter. CWM LLC grew its position in shares of Regions Financial by 1.1% in the 3rd quarter. CWM LLC now owns 42,346 shares of the bank's stock valued at $988,000 after buying an additional 480 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in shares of Regions Financial by 2.4% in the third quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank's stock valued at $515,000 after buying an additional 506 shares during the period. Centaurus Financial Inc. raised its position in shares of Regions Financial by 5.9% during the third quarter. Centaurus Financial Inc. now owns 9,768 shares of the bank's stock worth $228,000 after acquiring an additional 540 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Regions Financial by 2.8% in the third quarter. Sequoia Financial Advisors LLC now owns 20,267 shares of the bank's stock worth $473,000 after acquiring an additional 545 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Down 1.4 %

RF stock traded down $0.35 during mid-day trading on Thursday, reaching $25.05. 9,355,019 shares of the company traded hands, compared to its average volume of 7,881,271. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The firm's 50 day moving average price is $25.07 and its 200 day moving average price is $22.47. The stock has a market cap of $22.77 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 2.72 and a beta of 1.19. Regions Financial Co. has a fifty-two week low of $17.18 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last released its 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 business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. As a group, equities research analysts predict that Regions Financial Co. will post 2.12 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Monday, December 2nd. Regions Financial's dividend payout ratio is presently 56.50%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on RF shares. Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a "hold" rating to a "buy" rating and raised their price target for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. Keefe, Bruyette & Woods raised shares of Regions Financial from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $27.00 to $28.00 in a research note on Thursday, October 31st. Truist Financial upped their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company a "hold" rating in a research report on Monday, October 21st. Piper Sandler lifted their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Finally, StockNews.com upgraded Regions Financial from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $27.61.

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.