Regions Financial Co. (NYSE:RF) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 195.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,514 shares of the bank's stock after buying an additional 88,274 shares during the quarter. SG Americas Securities LLC's holdings in Regions Financial were worth $3,140,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Citigroup Inc. raised its stake in shares of Regions Financial by 20.0% in the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank's stock valued at $35,445,000 after acquiring an additional 253,708 shares during the period. Aprio Wealth Management LLC bought a new stake in Regions Financial in the fourth quarter worth about $1,247,000. Nordea Investment Management AB boosted its position in shares of Regions Financial by 60.4% during the fourth quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock valued at $6,220,000 after buying an additional 99,115 shares during the period. Commerce Bank grew its stake in shares of Regions Financial by 392.5% during the third quarter. Commerce Bank now owns 248,325 shares of the bank's stock valued at $5,793,000 after buying an additional 197,900 shares during the last quarter. Finally, National Pension Service raised its holdings in shares of Regions Financial by 6.3% in the third quarter. National Pension Service now owns 1,722,024 shares of the bank's stock worth $40,175,000 after buying an additional 102,380 shares during the period. Institutional investors own 79.39% of the company's stock.

Regions Financial Stock Up 0.9 %

RF stock traded up $0.22 on Friday, hitting $24.48. 5,209,577 shares of the company's stock were exchanged, compared to its average volume of 7,380,478. The firm has a 50 day moving average price of $24.93 and a two-hundred day moving average price of $23.57. Regions Financial Co. has a 12-month low of $17.42 and a 12-month high of $27.96. The stock has a market cap of $22.25 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. 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 (NYSE:RF - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1,857,300 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company's revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, equities research analysts expect that Regions Financial Co. will post 2.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on RF shares. Barclays increased their target price on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research note on Monday, January 6th. Wedbush raised their price target on shares of Regions Financial from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of Regions Financial from $24.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, November 15th. Compass Point raised their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, Citigroup boosted their price target on Regions Financial from $26.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Regions Financial has an average rating of "Moderate Buy" and a consensus target price of $27.67.

About Regions Financial

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.