Sei Investments Co. Has $15.96 Million Stock Position in Regions Financial Co. (NYSE:RF)

Sei Investments Co. lifted its position in Regions Financial Co. (NYSE:RF - Free Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 678,633 shares of the bank's stock after acquiring an additional 43,737 shares during the period. Sei Investments Co. owned approximately 0.07% of Regions Financial worth $15,962,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Regions Financial by 16.3% in the third quarter. State Street Corp now owns 55,485,987 shares of the bank's stock worth $1,306,813,000 after acquiring an additional 7,791,399 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Regions Financial by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock worth $686,398,000 after purchasing an additional 1,396,647 shares in the last quarter. Geode Capital Management LLC increased its stake in Regions Financial by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank's stock worth $526,118,000 after purchasing an additional 315,605 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Regions Financial by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank's stock worth $203,273,000 after buying an additional 112,885 shares during the period. Finally, FMR LLC lifted its stake in Regions Financial by 8.4% in the third quarter. FMR LLC now owns 3,109,633 shares of the bank's stock valued at $72,548,000 after buying an additional 241,838 shares in the last quarter. Institutional investors own 79.39% of the company's stock.

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Regions Financial Stock Performance

RF traded up $0.35 during trading hours on Monday, reaching $21.77. The company's stock had a trading volume of 9,062,206 shares, compared to its average volume of 7,802,565. The firm has a market cap of $19.71 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. 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 company's 50-day moving average is $23.25 and its 200-day moving average is $23.95. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $0.39 earnings per share. The business's revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts forecast that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 4.59%. Regions Financial's dividend payout ratio (DPR) is presently 51.55%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RF. Truist Financial cut their price objective on shares of Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Citigroup reduced their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 24th. 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 note on Tuesday, December 3rd. Morgan Stanley reiterated an "equal weight" rating and issued a $32.00 price objective (up from $28.00) on shares of Regions Financial in a report on Monday, December 9th. Finally, Wells Fargo & Company reduced their target price on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $27.17.

Insider Buying and Selling at Regions Financial

In other Regions Financial news, Director Joia M. Johnson acquired 2,300 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the acquisition, the director now directly owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 3,868 shares of company stock valued at $86,722 in the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

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.