Morningstar Investment Management LLC Has $276,000 Holdings in Regions Financial Co. (NYSE:RF)

Morningstar Investment Management LLC lessened its stake in Regions Financial Co. (NYSE:RF - Free Report) by 70.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,736 shares of the bank's stock after selling 27,984 shares during the period. Morningstar Investment Management LLC's holdings in Regions Financial were worth $276,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings 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 raised its stake in Regions Financial by 2.5% during 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 increased its stake in Regions Financial by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 24,928 shares of the bank's stock valued at $581,000 after buying an additional 429 shares during the period. Prossimo Advisors LLC raised its stake in shares of Regions Financial by 2.3% in the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock worth $453,000 after buying an additional 430 shares in the last quarter. Finally, Greenleaf Trust boosted its position in shares of Regions Financial by 1.8% during the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after purchasing an additional 436 shares in the last quarter. 79.39% of the stock is owned by institutional investors and hedge funds.

Regions Financial Stock Performance

Shares of RF traded up $0.09 during trading hours on Monday, reaching $23.48. 4,851,721 shares of the company traded hands, compared to its average volume of 7,855,345. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The stock's fifty day moving average is $24.11 and its 200 day moving average is $23.95. The stock has a market cap of $21.34 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

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

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.26%. Regions Financial's dividend payout ratio is currently 51.55%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RF shares. Stephens upgraded Regions Financial from an "equal weight" rating to an "overweight" rating and set a $26.00 target price on the stock in a report on Tuesday, October 29th. Barclays boosted their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a report on Monday, January 6th. Keefe, Bruyette & Woods raised shares of Regions Financial from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $27.00 to $28.00 in a research note on Thursday, October 31st. Piper Sandler boosted their target price on shares of Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Finally, Compass Point raised their target price on Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. One equities 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.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.