Regions Financial Co. (NYSE:RF) Shares Bought by Marshall Wace LLP

Marshall Wace LLP boosted its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 1,862.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 692,502 shares of the bank's stock after acquiring an additional 657,222 shares during the quarter. Marshall Wace LLP owned 0.08% of Regions Financial worth $16,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LBP AM SA lifted its position in Regions Financial by 149.4% in the 4th quarter. LBP AM SA now owns 730,614 shares of the bank's stock worth $17,184,000 after buying an additional 437,691 shares during the last quarter. Aigen Investment Management LP bought a new position in Regions Financial in the 4th quarter worth $1,965,000. Aprio Wealth Management LLC purchased a new stake in shares of Regions Financial in the 4th quarter worth about $1,247,000. Nordea Investment Management AB boosted its stake in shares of Regions Financial by 60.4% during the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock valued at $6,220,000 after purchasing an additional 99,115 shares in the last quarter. Finally, Vest Financial LLC increased its position in shares of Regions Financial by 20.4% during the fourth quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock valued at $34,806,000 after buying an additional 250,729 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Stock Performance

RF traded up $0.52 on Thursday, reaching $20.54. The stock had a trading volume of 8,694,614 shares, compared to its average volume of 8,106,685. The company has a market cap of $18.60 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The business's 50-day moving average price is $21.32 and its two-hundred day moving average price is $23.49. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period in the previous year, the firm posted $0.37 EPS. Sell-side analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio is presently 48.08%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays dropped their price target on Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research report on Monday. The Goldman Sachs Group reduced their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday. Stephens lowered their price target on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research report on Monday. Keefe, Bruyette & Woods cut their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.53.

Insider Buying and Selling at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.29% of the company's stock.

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.