GAM Holding AG Increases Position in Regions Financial Co. (NYSE:RF)

GAM Holding AG increased its position in Regions Financial Co. (NYSE:RF - Free Report) by 28.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,063 shares of the bank's stock after buying an additional 15,100 shares during the period. GAM Holding AG's holdings in Regions Financial were worth $1,601,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Quarry LP grew its stake in shares of Regions Financial by 29.5% in the 3rd quarter. Quarry LP now owns 1,729 shares of the bank's stock valued at $40,000 after buying an additional 394 shares during the period. Ballentine Partners LLC lifted its position in Regions Financial by 2.5% in the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after acquiring an additional 420 shares in the last quarter. Private Advisor Group LLC lifted its position in Regions Financial by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank's stock valued at $581,000 after acquiring an additional 429 shares in the last quarter. Greenleaf Trust lifted its position in Regions Financial by 1.8% in the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after acquiring an additional 436 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in Regions Financial by 2.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 21,845 shares of the bank's stock valued at $515,000 after acquiring an additional 506 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Regions Financial from a "market perform" rating to an "outperform" rating and raised their price target for the company from $27.00 to $28.00 in a research report on Thursday, October 31st. Citigroup raised their price target on shares of Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Piper Sandler raised their price target on shares of Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Stephens raised shares of Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price target on the stock in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Regions Financial from a "hold" rating to a "buy" rating and raised their price target for the company from $24.00 to $26.00 in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $27.67.

Regions Financial Price Performance

Shares of Regions Financial stock traded down $0.67 during trading on Friday, hitting $23.39. The stock had a trading volume of 9,066,371 shares, compared to its average volume of 7,953,631. The firm has a market cap of $21.26 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 1.96 and a beta of 1.20. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The business's 50-day moving average is $24.15 and its 200 day moving average is $23.88. 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 (NYSE:RF - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, sell-side analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.28%. Regions Financial's payout ratio is currently 51.55%.

Regions Financial Company 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.