Robeco Institutional Asset Management B.V. Raises Position in Regions Financial Corporation (NYSE:RF)

Robeco Institutional Asset Management B.V. grew its stake in shares of Regions Financial Corporation (NYSE:RF - Free Report) by 40.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 115,210 shares of the bank's stock after buying an additional 33,397 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Regions Financial were worth $2,504,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of Regions Financial by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock worth $686,398,000 after buying an additional 1,396,647 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Regions Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank's stock valued at $540,284,000 after purchasing an additional 403,283 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Regions Financial by 7.7% in the 4th quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank's stock worth $401,097,000 after buying an additional 1,224,645 shares during the last quarter. Invesco Ltd. boosted its holdings in Regions Financial by 14.5% in the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock worth $363,823,000 after acquiring an additional 1,963,954 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Regions Financial in the fourth quarter worth $279,103,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on RF. JPMorgan Chase & Co. dropped their price target on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. The Goldman Sachs Group reduced their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on 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. Barclays cut their target price on Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Finally, Citigroup boosted their price objective on shares of Regions Financial from $26.00 to $27.00 and gave the company a "buy" rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $25.90.

Regions Financial Price Performance

Shares of NYSE RF traded up $0.40 during midday trading on Wednesday, reaching $24.57. The stock had a trading volume of 8,658,898 shares, compared to its average volume of 8,369,442. The company has a market capitalization of $22.09 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 1.87 and a beta of 0.98. Regions Financial Corporation has a 12-month low of $17.74 and a 12-month high of $27.96. The stock has a 50-day moving average of $21.74 and a 200-day moving average of $22.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.84.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Regions Financial had a return on equity of 13.04% and a net margin of 21.43%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the firm earned $0.37 earnings per share. As a group, research analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.07%. Regions Financial's dividend payout ratio is currently 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.