IFM Investors Pty Ltd Has $4.67 Million Stock Position in Regions Financial Corporation (NYSE:RF)

IFM Investors Pty Ltd lifted its position in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 11.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 199,962 shares of the bank's stock after buying an additional 21,200 shares during the quarter. IFM Investors Pty Ltd's holdings in Regions Financial were worth $4,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management raised its holdings in Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after acquiring an additional 1,201 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Regions Financial in the 4th quarter valued at $32,000. Rossby Financial LCC acquired a new position in Regions Financial in the 1st quarter valued at $36,000. Grove Bank & Trust raised its stake in Regions Financial by 76.6% in the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock valued at $41,000 after purchasing an additional 814 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in Regions Financial by 181.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,225 shares of the bank's stock valued at $76,000 after purchasing an additional 2,078 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on RF shares. Cowen assumed coverage on Regions Financial in a research note on Wednesday, May 14th. They issued a "buy" rating for the company. Wall Street Zen upgraded shares of Regions Financial from a "sell" rating to a "hold" rating in a research report on Saturday. Keefe, Bruyette & Woods lowered their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Morgan Stanley boosted their price objective on shares of Regions Financial from $22.00 to $27.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $26.15.

Regions Financial Stock Performance

Regions Financial stock opened at $24.68 on Monday. The business has a 50 day moving average of $22.00 and a 200-day moving average of $22.35. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market capitalization of $22.19 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.97 and a beta of 0.98.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 21.43% and a return on equity of 13.04%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the prior year, the company posted $0.37 EPS. On average, equities research analysts predict that Regions Financial Corporation will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, May 2nd were issued a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.05%. Regions Financial's payout ratio is 48.08%.

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.

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