KBC Group NV Lowers Stake in Regions Financial Co. (NYSE:RF)

KBC Group NV trimmed its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 56.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 397,896 shares of the bank's stock after selling 516,317 shares during the period. KBC Group NV's holdings in Regions Financial were worth $9,359,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Regions Financial by 16.3% in the 3rd quarter. State Street Corp now owns 55,485,987 shares of the bank's stock valued at $1,306,813,000 after buying an additional 7,791,399 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Regions Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank's stock worth $648,269,000 after purchasing an additional 816,226 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Regions Financial by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank's stock worth $526,118,000 after acquiring an additional 315,605 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Regions Financial by 0.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,226,353 shares of the bank's stock worth $191,921,000 after acquiring an additional 61,426 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Analyst Upgrades and Downgrades

RF has been the topic of a number of research reports. Barclays raised their price target on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research note on Monday, January 6th. Wells Fargo & Company lifted their price objective on shares of Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, November 15th. Compass Point raised their price target on Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods raised Regions Financial from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.67.

Regions Financial Price Performance

RF stock traded up $0.20 on Thursday, reaching $24.78. The company had a trading volume of 3,172,518 shares, compared to its average volume of 8,375,258. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The company's fifty day moving average is $24.83 and its 200 day moving average is $23.64. The company has a market cap of $22.52 billion, a P/E ratio of 12.82, a PEG ratio of 1.94 and a beta of 1.21. Regions Financial Co. has a 1 year low of $17.42 and a 1 year high of $27.96.

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 for the quarter, compared to the consensus estimate of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. On average, research analysts forecast that Regions Financial Co. will post 2.27 earnings per share for the current year.

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.