KBC Group NV Has $21.33 Million Holdings in Regions Financial Co. (NYSE:RF)

KBC Group NV lessened its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 58.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 914,213 shares of the bank's stock after selling 1,304,161 shares during the period. KBC Group NV owned 0.10% of Regions Financial worth $21,329,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in shares of Regions Financial by 13.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank's stock valued at $201,238,000 after purchasing an additional 1,014,706 shares during the period. Dimensional Fund Advisors LP grew its stake in Regions Financial by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank's stock valued at $285,562,000 after buying an additional 979,597 shares during the last quarter. Swedbank AB bought a new position in Regions Financial in the 1st quarter worth $19,322,000. AE Wealth Management LLC lifted its position in Regions Financial by 1,533.3% during the 2nd quarter. AE Wealth Management LLC now owns 645,659 shares of the bank's stock worth $12,939,000 after acquiring an additional 606,129 shares during the last quarter. Finally, Interval Partners LP bought a new stake in Regions Financial during the second quarter valued at about $11,095,000. 79.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RF. The Goldman Sachs Group lifted their price objective on Regions Financial from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. Barclays raised their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock an "underweight" rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods upgraded shares of Regions Financial from a "market perform" rating to an "outperform" rating and upped their target price for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Citigroup raised their price target on shares of Regions Financial from $25.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Regions Financial from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $24.00 to $26.00 in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Regions Financial has an average rating of "Moderate Buy" and a consensus price target of $26.18.

Regions Financial Price Performance

Shares of Regions Financial stock traded up $0.09 during midday trading on Friday, hitting $26.36. 9,270,689 shares of the company were exchanged, compared to its average volume of 7,954,415. The firm has a 50 day simple moving average of $23.61 and a 200-day simple moving average of $21.58. Regions Financial Co. has a 52 week low of $15.79 and a 52 week high of $26.73. The firm has a market cap of $23.96 billion, a P/E ratio of 14.89, a PEG ratio of 2.73 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The firm's revenue was down 3.7% compared to the same quarter last year. Research analysts forecast that Regions Financial Co. will post 2.1 earnings per share for the current year.

Regions Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 3.79%. Regions Financial's dividend payout ratio is 56.50%.

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.