Regions Financial Co. (NYSE:RF) Position Trimmed by Prudential Financial Inc.

Prudential Financial Inc. cut its stake in shares of Regions Financial Co. (NYSE:RF - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 543,135 shares of the bank's stock after selling 75,904 shares during the quarter. Prudential Financial Inc. owned 0.06% of Regions Financial worth $12,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd increased its holdings in shares of Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after purchasing an additional 634 shares in the last quarter. Sierra Ocean LLC acquired a new position in Regions Financial during the fourth quarter worth $28,000. Picton Mahoney Asset Management increased its position in shares of Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after buying an additional 1,201 shares in the last quarter. Millstone Evans Group LLC purchased a new position in Regions Financial during the 4th quarter valued at about $32,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Regions Financial in the third quarter valued at approximately $37,000. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on RF. Citigroup 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 report on Monday, March 24th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Wells Fargo & Company decreased their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday. Barclays upped their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. Finally, Compass Point boosted their target price on shares of Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.17.

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Insider Activity

In other news, Director Joia M. Johnson purchased 2,300 shares of the firm's stock in a transaction 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 owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have acquired 3,868 shares of company stock valued at $86,722. Company insiders own 0.29% of the company's stock.

Regions Financial Stock Performance

Shares of NYSE:RF traded up $0.27 on Monday, reaching $21.69. 2,658,043 shares of the company's stock were exchanged, compared to its average volume of 7,778,452. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The business's 50-day moving average is $23.25 and its two-hundred day moving average is $23.95. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $19.64 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.93 and a beta of 1.19.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Monday, March 3rd. Regions Financial's dividend payout ratio (DPR) is 51.55%.

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.