Caisse DE Depot ET Placement DU Quebec Has $13.82 Million Stock Position in Regions Financial Co. (NYSE:RF)

Caisse DE Depot ET Placement DU Quebec grew its holdings in Regions Financial Co. (NYSE:RF - Free Report) by 39.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 587,545 shares of the bank's stock after purchasing an additional 166,101 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of Regions Financial worth $13,819,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC raised its position in shares of Regions Financial by 2.5% during the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after buying an additional 420 shares during the last quarter. Prossimo Advisors LLC raised its holdings in Regions Financial by 2.3% in the 4th quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock valued at $453,000 after acquiring an additional 430 shares in the last quarter. Greenleaf Trust lifted its position in shares of Regions Financial by 1.8% in the 4th quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after acquiring an additional 436 shares during the period. Lake Street Advisors Group LLC grew its holdings in shares of Regions Financial by 2.3% during the 4th quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after purchasing an additional 436 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Regions Financial by 0.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank's stock valued at $1,666,000 after purchasing an additional 529 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors.

Insider Activity at Regions Financial

In other news, Director Joia M. Johnson bought 2,300 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were bought 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 owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Regions Financial Trading Down 0.5 %

NYSE RF traded down $0.10 during trading hours on Friday, hitting $21.20. The company's stock had a trading volume of 2,662,867 shares, compared to its average volume of 8,068,389. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The firm has a market capitalization of $19.20 billion, a P/E ratio of 10.93, a PEG ratio of 1.93 and a beta of 0.97. 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 stock has a fifty day moving average of $20.65 and a 200 day moving average of $23.28.

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

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.72%. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RF shares. Barclays decreased 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, April 21st. Keefe, Bruyette & Woods dropped their target price on Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Morgan Stanley decreased their price target on 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. Wells Fargo & Company reduced their target price on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Finally, The Goldman Sachs Group dropped their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Regions Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.53.

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.