Regions Financial Co. (NYSE:RF) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its position in Regions Financial Co. (NYSE:RF - Free Report) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 554,554 shares of the bank's stock after selling 13,846 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of Regions Financial worth $13,043,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. AMF Tjanstepension AB bought a new stake in Regions Financial during the 3rd quarter valued at about $6,281,000. Vontobel Holding Ltd. lifted its holdings in Regions Financial by 15.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 12,445 shares of the bank's stock valued at $290,000 after buying an additional 1,620 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Regions Financial by 2.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 35,200 shares of the bank's stock valued at $821,000 after buying an additional 751 shares in the last quarter. Blue Trust Inc. lifted its holdings in Regions Financial by 46.6% during the 3rd quarter. Blue Trust Inc. now owns 23,194 shares of the bank's stock valued at $541,000 after buying an additional 7,378 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in Regions Financial by 2.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 26,327 shares of the bank's stock valued at $614,000 after buying an additional 702 shares in the last quarter. Institutional investors own 79.39% of the company's stock.

Regions Financial Stock Performance

NYSE RF traded down $0.47 on Thursday, hitting $24.06. 8,375,260 shares of the company's stock traded hands, compared to its average volume of 7,919,897. 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 1-year low of $17.72 and a 1-year high of $27.96. The firm's 50-day moving average price is $24.17 and its two-hundred day moving average price is $23.88. The firm has a market capitalization of $21.86 billion, a PE ratio of 12.40, a P/E/G ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the previous year, the business posted $0.39 EPS. The business's quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts expect 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. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.16%. The ex-dividend date is Monday, March 3rd. Regions Financial's payout ratio is 51.55%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stephens upgraded shares of Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 price target for the company in a report on Tuesday, October 29th. The Goldman Sachs Group boosted their price target on shares of Regions Financial from $29.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Citigroup boosted their price target on shares of Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Wells Fargo & Company boosted their price target on shares of Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, November 15th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $32.00 price target (up previously from $28.00) on shares of Regions Financial in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.67.

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.