Royal London Asset Management Ltd. Boosts Holdings in Regions Financial Co. (NYSE:RF)

Royal London Asset Management Ltd. boosted its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 354,631 shares of the bank's stock after purchasing an additional 23,323 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Regions Financial were worth $8,341,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Y.D. More Investments Ltd grew its holdings in Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after buying an additional 634 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Regions Financial during the 4th quarter valued at approximately $28,000. Picton Mahoney Asset Management grew its holdings in shares of Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after purchasing an additional 1,201 shares in the last quarter. Truvestments Capital LLC bought a new stake in Regions Financial in the third quarter worth $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Regions Financial during the third quarter valued at $37,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RF has been the topic of a number of research reports. Compass Point boosted their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Citigroup reduced their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday. Barclays raised their price objective on Regions Financial from $25.00 to $26.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. Piper Sandler boosted their target price on Regions Financial from $25.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Finally, Truist Financial lowered their price target 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. One equities research 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, the company has an average rating of "Moderate Buy" and a consensus price target of $27.28.

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Insider Activity at Regions Financial

In related news, Director Joia M. Johnson acquired 2,300 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the purchase, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired a total of 3,993 shares of company stock valued at $89,682 over the last ninety days. 0.29% of the stock is owned by company insiders.

Regions Financial Trading Down 1.4 %

NYSE:RF traded down $0.31 during midday trading on Thursday, hitting $21.93. The stock had a trading volume of 5,411,051 shares, compared to its average volume of 7,470,507. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a market capitalization of $19.86 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.93 and a beta of 1.19. The stock has a 50-day moving average of $23.35 and a 200 day moving average of $23.94. 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 released its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating 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 firm 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 company posted $0.39 earnings per share. The firm's quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts forecast 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. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.56%. Regions Financial's dividend payout ratio is presently 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.