Regions Financial Co. (NYSE:RF) Stock Holdings Increased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 149.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,419 shares of the bank's stock after buying an additional 13,423 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Regions Financial were worth $527,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Regions Financial by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock valued at $686,398,000 after purchasing an additional 1,396,647 shares during the period. Geode Capital Management LLC lifted its holdings in Regions Financial by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank's stock worth $526,118,000 after buying an additional 315,605 shares in the last quarter. Norges Bank purchased a new position in Regions Financial in the 4th quarter valued at about $279,103,000. Allspring Global Investments Holdings LLC grew its stake in shares of Regions Financial by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank's stock valued at $203,273,000 after acquiring an additional 112,885 shares in the last quarter. Finally, abrdn plc increased its position in shares of Regions Financial by 4.7% during the fourth quarter. abrdn plc now owns 2,565,516 shares of the bank's stock worth $60,533,000 after acquiring an additional 114,279 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages recently commented on RF. Citigroup reduced their price target on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a report on Monday, March 24th. Morgan Stanley decreased their price target on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. Barclays increased their target price on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Wells Fargo & Company dropped their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $26.42.

Insider Activity

In related news, Director Joia M. Johnson purchased 2,300 shares of Regions Financial stock in a transaction dated Tuesday, March 11th. The stock was bought 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 approximately $370,353.48. The trade was a 15.15 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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

NYSE RF traded down $0.04 on Friday, hitting $18.96. The stock had a trading volume of 13,080,597 shares, compared to its average volume of 8,102,368. The company's 50-day moving average is $22.10 and its two-hundred day moving average is $23.69. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 1.93 and a beta of 1.01. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

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, topping the consensus estimate 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 the consensus estimate of $1.86 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The business's revenue was up .2% on a year-over-year basis. On average, analysts expect 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 was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 5.27%. Regions Financial's payout ratio is 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.