GTS Securities LLC Sells 75,230 Shares of Regions Financial Co. (NYSE:RF)

GTS Securities LLC cut its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 53.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,591 shares of the bank's stock after selling 75,230 shares during the quarter. GTS Securities LLC's holdings in Regions Financial were worth $1,543,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Regions Financial by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock worth $686,398,000 after buying an additional 1,396,647 shares in the last quarter. Geode Capital Management LLC grew its stake in Regions Financial by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank's stock valued at $540,284,000 after purchasing an additional 403,283 shares in the last quarter. First Trust Advisors LP grew its stake in Regions Financial by 7.7% in the fourth quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank's stock valued at $401,097,000 after purchasing an additional 1,224,645 shares in the last quarter. Invesco Ltd. grew its stake in Regions Financial by 14.5% in the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock valued at $363,823,000 after purchasing an additional 1,963,954 shares in the last quarter. Finally, Norges Bank bought a new position in Regions Financial in the fourth quarter valued at approximately $279,103,000. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RF has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target 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. Morgan Stanley reduced their target price on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. The Goldman Sachs Group reduced their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Citigroup reduced their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. reduced their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.80.

Insider Activity

In other news, Director Joia M. Johnson acquired 2,300 shares of Regions Financial stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the transaction, the director now directly owns 17,486 shares of the company's stock, valued at approximately $370,353.48. The trade was a 15.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.29% of the company's stock.

Regions Financial Price Performance

NYSE RF traded up $0.43 during midday trading on Tuesday, hitting $21.67. The company had a trading volume of 5,924,065 shares, compared to its average volume of 8,133,130. The company has a market capitalization of $19.48 billion, a PE ratio of 11.17, a P/E/G ratio of 1.93 and a beta of 0.97. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $20.73 and a 200-day moving average price of $23.08. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 EPS. As a group, analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 4.61%. Regions Financial's payout ratio is 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.