Regions Financial Corporation (NYSE:RF) Shares Sold by GAM Holding AG

GAM Holding AG lowered its stake in Regions Financial Corporation (NYSE:RF - Free Report) by 49.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,438 shares of the bank's stock after selling 33,625 shares during the period. GAM Holding AG's holdings in Regions Financial were worth $748,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Regions Financial during the fourth quarter worth $279,103,000. Invesco Ltd. raised its holdings in Regions Financial by 14.5% during the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock worth $363,823,000 after buying an additional 1,963,954 shares during the period. Deutsche Bank AG lifted its stake in Regions Financial by 52.7% during the fourth quarter. Deutsche Bank AG now owns 5,522,612 shares of the bank's stock valued at $129,892,000 after buying an additional 1,907,121 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 1,396,647 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Regions Financial in the fourth quarter worth about $31,480,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Regions Financial Trading Up 1.0%

Shares of NYSE:RF opened at $22.18 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $19.94 billion, a PE ratio of 10.67, a P/E/G ratio of 1.77 and a beta of 0.96. Regions Financial Corporation has a 1 year low of $17.74 and a 1 year high of $27.96. The firm has a fifty day moving average price of $21.18 and a 200 day moving average price of $22.46.

Regions Financial (NYSE:RF - Get Free Report) last released 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 return on equity of 13.04% and a net margin of 21.43%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company posted $0.37 EPS. Analysts expect that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.51%. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price target on shares of Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a report on Monday, April 7th. Barclays reduced their target price on Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. lowered their price target on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Keefe, Bruyette & Woods dropped their price target on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Finally, Citigroup decreased their price objective on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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