Asset Management One Co. Ltd. Raises Stock Holdings in Regions Financial Corporation (NYSE:RF)

Asset Management One Co. Ltd. lifted its position in Regions Financial Corporation (NYSE:RF - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,566 shares of the bank's stock after purchasing an additional 37,057 shares during the period. Asset Management One Co. Ltd.'s holdings in Regions Financial were worth $8,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management increased its position in shares of Regions Financial by 2,354.9% in the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock valued at $29,000 after buying an additional 1,201 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Regions Financial in the 4th quarter valued at $32,000. Grove Bank & Trust increased its holdings in Regions Financial by 76.6% in the 1st quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock worth $41,000 after acquiring an additional 814 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in Regions Financial by 181.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,225 shares of the bank's stock worth $76,000 after acquiring an additional 2,078 shares in the last quarter. Finally, Proathlete Wealth Management LLC acquired a new position in Regions Financial during the first quarter worth $77,000. 79.39% of the stock is owned by hedge funds and other institutional investors.

Regions Financial Trading Up 2.7%

Shares of RF traded up $0.65 during mid-day trading on Tuesday, reaching $24.17. The stock had a trading volume of 11,081,561 shares, compared to its average volume of 8,368,284. Regions Financial Corporation has a 52-week low of $17.74 and a 52-week high of $27.96. The firm has a market cap of $21.72 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 1.87 and a beta of 0.98. The business's fifty day moving average is $21.74 and its 200 day moving average is $22.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.84 and a quick ratio of 0.83.

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 the consensus estimate of $0.51 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Regions Financial had a net margin of 21.43% and a return on equity of 13.04%. During the same quarter in the prior year, the company posted $0.37 EPS. On average, sell-side analysts predict that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.14%. Regions Financial's dividend payout ratio (DPR) is 48.08%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RF shares. Wells Fargo & Company dropped 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 report on Friday, March 28th. Wall Street Zen lowered shares of Regions Financial from a "hold" rating to a "sell" rating in a research note on Friday. JPMorgan Chase & Co. cut their price objective 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. TD Cowen initiated coverage on Regions Financial in a report on Thursday, May 15th. They set a "buy" rating and a $31.00 target price for the company. Finally, Keefe, Bruyette & Woods lowered their price target on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $25.80.

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.