SG Americas Securities LLC Sells 37,926 Shares of Regions Financial Co. (NYSE:RF)

SG Americas Securities LLC trimmed its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 28.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,588 shares of the bank's stock after selling 37,926 shares during the quarter. SG Americas Securities LLC's holdings in Regions Financial were worth $2,077,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of RF. Norges Bank acquired a new stake in Regions Financial in the 4th quarter valued at $279,103,000. Invesco Ltd. increased its position in shares of 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 acquiring an additional 1,963,954 shares during the last quarter. Deutsche Bank AG raised its holdings in Regions Financial by 52.7% during the fourth quarter. Deutsche Bank AG now owns 5,522,612 shares of the bank's stock worth $129,892,000 after acquiring an additional 1,907,121 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 valued at $686,398,000 after purchasing an additional 1,396,647 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Regions Financial in the fourth quarter valued at approximately $31,480,000. 79.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RF has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Stephens reiterated an "overweight" rating and issued a $24.00 price target on shares of Regions Financial in a research note on Tuesday, June 3rd. Wall Street Zen upgraded shares of Regions Financial from a "sell" rating to a "hold" rating in a research note on Sunday. Keefe, Bruyette & Woods cut their target price on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Finally, TD Cowen assumed coverage on Regions Financial in a report on Thursday, May 15th. They set a "buy" rating and a $31.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Regions Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.80.

Regions Financial Price Performance

Shares of NYSE:RF traded up $0.13 during trading on Monday, reaching $21.64. 12,151,324 shares of the company traded hands, compared to its average volume of 8,210,543. The firm has a market capitalization of $19.46 billion, a PE ratio of 11.16, a PEG ratio of 1.93 and a beta of 0.96. The company's 50 day moving average is $20.92 and its two-hundred day moving average is $22.59. Regions Financial Co. has a 52 week low of $17.74 and a 52 week high of $27.96. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

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 (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business posted $0.37 EPS. As a group, sell-side analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

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 of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.62%. 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.