California State Teachers Retirement System Has $33.56 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

California State Teachers Retirement System cut its stake in Regions Financial Co. (NYSE:RF - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,427,036 shares of the bank's stock after selling 192,464 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Regions Financial worth $33,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Y.D. More Investments Ltd raised its holdings in shares of Regions Financial by 122.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC bought a new stake in shares of Regions Financial in the 4th quarter valued at about $28,000. Picton Mahoney Asset Management raised its holdings in shares of 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 purchasing an additional 1,201 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Regions Financial in the 4th quarter valued at about $32,000. Finally, Creative Capital Management Investments LLC bought a new stake in shares of Regions Financial in the 4th quarter valued at about $44,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RF. Citigroup dropped their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Cowen started coverage on shares of Regions Financial in a report on Wednesday, May 14th. They issued a "buy" rating on the stock. Jefferies Financial Group started coverage on shares of Regions Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price target on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Regions Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.80.

Insider Activity

In related news, Director Joia M. Johnson acquired 2,300 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 of the company's stock, valued at approximately $370,353.48. This trade represents a 15.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.

Regions Financial Price Performance

NYSE RF traded down $0.15 on Friday, hitting $21.42. 12,193,658 shares of the company's stock were exchanged, compared to its average volume of 8,156,345. The stock has a 50-day moving average of $20.69 and a 200-day moving average of $22.99. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The stock has a market cap of $19.26 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.93 and a beta of 0.97.

Regions Financial (NYSE:RF - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. 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 earned $0.37 earnings per share. Analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The company 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's payout ratio is 48.08%.

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.