TD Asset Management Inc Sells 145,989 Shares of Regions Financial Corporation (NYSE:RF)

TD Asset Management Inc trimmed its stake in Regions Financial Corporation (NYSE:RF - Free Report) by 20.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 555,802 shares of the bank's stock after selling 145,989 shares during the period. TD Asset Management Inc owned 0.06% of Regions Financial worth $12,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Regions Financial by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank's stock valued at $540,284,000 after acquiring an additional 403,283 shares in the last quarter. First Trust Advisors LP lifted its position in Regions Financial by 7.7% in the fourth quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank's stock worth $401,097,000 after purchasing an additional 1,224,645 shares during the period. Invesco Ltd. boosted its stake in Regions Financial by 14.5% during the fourth 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 in the last quarter. Northern Trust Corp increased its holdings in Regions Financial by 14.8% in the 4th quarter. Northern Trust Corp now owns 9,658,858 shares of the bank's stock valued at $227,176,000 after buying an additional 1,247,882 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Regions Financial by 11.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,369,608 shares of the bank's stock worth $220,373,000 after acquiring an additional 931,875 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Trading Down 1.8%

Shares of RF stock traded down $0.46 on Friday, hitting $24.87. The stock had a trading volume of 14,880,768 shares, compared to its average volume of 14,065,126. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96. The company has a fifty day moving average price of $23.48 and a two-hundred day moving average price of $22.58. The firm has a market cap of $22.36 billion, a P/E ratio of 11.57, a PEG ratio of 1.46 and a beta of 1.01.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.265 per share. This is an increase from Regions Financial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.06 dividend on an annualized basis and a yield of 4.3%. Regions Financial's payout ratio is currently 46.51%.

Analyst Ratings Changes

RF has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price target on shares of Regions Financial from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Citigroup increased their price objective on Regions Financial from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Jefferies Financial Group assumed coverage on Regions Financial in a report on Wednesday, May 21st. They set a "hold" rating and a $24.00 price objective for the company. Stephens increased their target price on shares of Regions Financial from $24.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Wall Street Zen raised shares of Regions Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.33.

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.