Barclays PLC Has $62.05 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

Barclays PLC lessened its position in Regions Financial Co. (NYSE:RF - Free Report) by 31.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,638,291 shares of the bank's stock after selling 1,238,346 shares during the quarter. Barclays PLC owned approximately 0.29% of Regions Financial worth $62,052,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd lifted its position in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after purchasing an additional 634 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Regions Financial during the 4th quarter valued at $28,000. Picton Mahoney Asset Management boosted its position in Regions Financial by 2,354.9% during 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 during the last quarter. Millstone Evans Group LLC acquired a new position in Regions Financial in the 4th quarter worth about $32,000. Finally, Creative Capital Management Investments LLC purchased a new stake in shares of Regions Financial during the 4th quarter worth about $44,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Insider Activity

In related news, Director Joia M. Johnson acquired 2,300 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the completion of 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased 3,343 shares of company stock worth $74,348 over the last quarter. 0.29% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on RF shares. Barclays lowered their target price on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research report on Monday. 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. Stephens lowered their target price on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a research note on Monday. Morgan Stanley reduced their target price on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Finally, Truist Financial decreased their price target on Regions Financial from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Regions Financial presently has an average rating of "Moderate Buy" and an average price target of $26.11.

Regions Financial Trading Up 1.5 %

RF traded up $0.29 during mid-day trading on Tuesday, hitting $19.38. The stock had a trading volume of 1,093,817 shares, compared to its average volume of 9,385,118. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The stock's fifty day simple moving average is $21.49 and its 200-day simple moving average is $23.54. The firm has a market capitalization of $17.54 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01.

Regions Financial (NYSE:RF - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period in the previous year, the firm earned $0.37 earnings per share. As a group, research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's payout ratio is currently 48.08%.

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.