Toronto Dominion Bank Purchases 34,898 Shares of Regions Financial Co. (NYSE:RF)

Toronto Dominion Bank grew its position in Regions Financial Co. (NYSE:RF - Free Report) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 487,152 shares of the bank's stock after acquiring an additional 34,898 shares during the period. Toronto Dominion Bank owned 0.05% of Regions Financial worth $11,458,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Parr Mcknight Wealth Management Group LLC bought a new stake in Regions Financial during the 4th quarter worth about $1,545,000. Vise Technologies Inc. lifted its position in shares of Regions Financial by 51.6% during the fourth quarter. Vise Technologies Inc. now owns 13,431 shares of the bank's stock worth $316,000 after purchasing an additional 4,569 shares in the last quarter. Highview Capital Management LLC DE bought a new stake in shares of Regions Financial during the fourth quarter valued at approximately $1,002,000. Novem Group bought a new stake in shares of Regions Financial during the fourth quarter valued at approximately $338,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Regions Financial by 11.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,369,608 shares of the bank's stock valued at $220,373,000 after purchasing an additional 931,875 shares in the last quarter. Institutional investors own 79.39% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on RF shares. Jefferies Financial Group began coverage on Regions Financial in a research report on Wednesday, May 21st. They issued a "hold" rating and a $24.00 price objective on the stock. Wells Fargo & Company cut their price target on Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Stephens lowered their price objective on Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group lowered 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 Tuesday, April 22nd. Finally, Morgan Stanley lowered their price objective on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.80.

Regions Financial Stock Down 1.7%

NYSE RF traded down $0.36 during trading hours on Monday, reaching $21.09. 6,311,834 shares of the company's stock were exchanged, compared to its average volume of 8,128,182. The company's 50-day moving average is $20.67 and its two-hundred day moving average is $22.91. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market capitalization of $18.95 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data 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 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 firm earned $0.37 earnings per share. On average, analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors 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 dividend on an annualized basis and a dividend yield of 4.74%. Regions Financial's payout ratio is presently 48.08%.

Insider Buying and Selling

In other Regions Financial news, Director Joia M. Johnson bought 2,300 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by corporate insiders.

About Regions Financial

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.