Schroder Investment Management Group Has $26.69 Million Holdings in Regions Financial Co. (NYSE:RF)

Schroder Investment Management Group grew its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 21.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,128,242 shares of the bank's stock after purchasing an additional 196,328 shares during the period. Schroder Investment Management Group owned about 0.12% of Regions Financial worth $26,694,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. MV Capital Management Inc. raised its holdings in Regions Financial by 158.0% during the fourth quarter. MV Capital Management Inc. now owns 3,782 shares of the bank's stock worth $89,000 after acquiring an additional 2,316 shares in the last quarter. Allstate Corp acquired a new position in shares of Regions Financial during the 4th quarter worth approximately $641,000. Orion Portfolio Solutions LLC raised its stake in shares of Regions Financial by 149.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 22,419 shares of the bank's stock worth $527,000 after purchasing an additional 13,423 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Regions Financial by 1.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 277,934 shares of the bank's stock valued at $6,537,000 after buying an additional 3,155 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Regions Financial in the fourth quarter valued at $279,103,000. Institutional investors own 79.39% of the company's stock.

Regions Financial Stock Performance

Regions Financial stock traded down $0.97 during midday trading on Friday, hitting $18.64. The company's stock had a trading volume of 14,885,113 shares, compared to its average volume of 7,879,903. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market cap of $16.88 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The company has a 50-day moving average price of $23.00 and a two-hundred day moving average price of $23.90.

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Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, beating 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 quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. As a group, sell-side analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.36%. The ex-dividend date was Monday, March 3rd. Regions Financial's dividend payout ratio (DPR) is currently 51.55%.

Insider Transactions at Regions Financial

In other news, Director Joia M. Johnson purchased 2,300 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the acquisition, 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 legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have purchased 3,868 shares of company stock valued at $86,722. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on RF shares. Wells Fargo & Company dropped their price target on shares of 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. Morgan Stanley reaffirmed an "equal weight" rating and issued a $32.00 target price (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. 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. Barclays boosted their price target on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research report on Monday, January 6th. Finally, Truist Financial cut their price objective 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, eight have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $26.95.

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.