XTX Topco Ltd Sells 83,980 Shares of Regions Financial Co. (NYSE:RF)

XTX Topco Ltd reduced its stake in Regions Financial Co. (NYSE:RF - Free Report) by 67.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,706 shares of the bank's stock after selling 83,980 shares during the period. XTX Topco Ltd's holdings in Regions Financial were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Regions Financial in the fourth quarter valued at about $279,103,000. Invesco Ltd. increased its stake in shares of Regions Financial by 14.5% in the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock valued at $363,823,000 after buying an additional 1,963,954 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Regions Financial by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock valued at $686,398,000 after buying an additional 1,396,647 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Regions Financial during the 4th quarter worth approximately $31,480,000. Finally, Allianz Asset Management GmbH grew its holdings in Regions Financial by 247.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,738,571 shares of the bank's stock worth $40,891,000 after acquiring an additional 1,237,538 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Regions Financial

In other news, Director Joia M. Johnson bought 2,300 shares of Regions Financial stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased a total of 3,343 shares of company stock valued at $74,348 over the last ninety days. 0.29% of the stock is currently owned by insiders.

Regions Financial Stock Up 0.5 %

Regions Financial stock traded up $0.09 during mid-day trading on Friday, reaching $19.26. The stock had a trading volume of 18,651,917 shares, compared to its average volume of 8,135,804. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a fifty-two week low of $17.72 and a fifty-two week high of $27.96. The stock's 50-day simple moving average is $21.59 and its 200-day simple moving average is $23.56. The firm has a market capitalization of $17.44 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same quarter in the prior year, the company posted $0.37 earnings per share. On average, sell-side analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio is currently 48.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Citigroup dropped their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Truist Financial lowered their target price on Regions Financial from $26.00 to $24.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Wells Fargo & Company cut their target price on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Morgan Stanley decreased their price target on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their price objective on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.42.

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.