Wellington Management Group LLP Sells 207,699 Shares of Regions Financial Co. (NYSE:RF)

Wellington Management Group LLP cut its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 42,649,050 shares of the bank's stock after selling 207,699 shares during the quarter. Wellington Management Group LLP owned 4.71% of Regions Financial worth $1,003,106,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of RF. LBP AM SA grew its position in Regions Financial by 149.4% in the fourth quarter. LBP AM SA now owns 730,614 shares of the bank's stock worth $17,184,000 after buying an additional 437,691 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Regions Financial during the fourth quarter worth $1,965,000. Aprio Wealth Management LLC purchased a new stake in shares of Regions Financial during the fourth quarter valued at $1,247,000. Nordea Investment Management AB increased its stake in Regions Financial by 60.4% in the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank's stock worth $6,220,000 after purchasing an additional 99,115 shares in the last quarter. Finally, Vest Financial LLC raised its holdings in Regions Financial by 20.4% during the 4th quarter. Vest Financial LLC now owns 1,479,865 shares of the bank's stock worth $34,806,000 after buying an additional 250,729 shares during the period. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Stock Performance

RF stock traded down $0.73 during mid-day trading on Friday, reaching $18.88. 10,736,762 shares of the stock traded hands, compared to its average volume of 7,855,256. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average of $23.00 and a two-hundred day moving average of $23.90. The firm has a market capitalization of $17.09 billion, a PE ratio of 9.70, a P/E/G ratio of 1.93 and a beta of 1.19. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96.

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Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping 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 company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business posted $0.39 EPS. The company's revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts predict that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.30%. The ex-dividend date was Monday, March 3rd. Regions Financial's payout ratio is currently 51.55%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RF. Truist Financial dropped their target price 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. Morgan Stanley reissued an "equal weight" rating and set a $32.00 target price (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. Barclays raised their target price on Regions Financial from $25.00 to $26.00 and gave the stock an "underweight" rating in a research report on Monday, January 6th. Wells Fargo & Company reduced their price objective on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Finally, Compass Point lifted their target price on Regions Financial from $25.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.95.

Insider Buying and Selling at Regions Financial

In other news, Director Joia M. Johnson purchased 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 in the company, valued at approximately $370,353.48. The trade was a 15.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased a total of 3,868 shares of company stock valued at $86,722 in the last ninety days. Company insiders own 0.29% of the company's stock.

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.