UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Regions Financial Co. (NYSE:RF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Regions Financial Co. (NYSE:RF - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,369,608 shares of the bank's stock after acquiring an additional 931,875 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.03% of Regions Financial worth $220,373,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of RF. Ballentine Partners LLC boosted its position in Regions Financial by 2.5% in the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock worth $411,000 after purchasing an additional 420 shares during the last quarter. Prossimo Advisors LLC boosted its position in Regions Financial by 2.3% in the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock worth $453,000 after purchasing an additional 430 shares during the last quarter. Greenleaf Trust boosted its position in Regions Financial by 1.8% in the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after purchasing an additional 436 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in Regions Financial by 2.3% in the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after purchasing an additional 436 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in Regions Financial by 2.6% in the fourth quarter. Lido Advisors LLC now owns 22,291 shares of the bank's stock worth $530,000 after purchasing an additional 558 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RF has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective 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. Cowen initiated coverage on Regions Financial in a research note on Wednesday, May 14th. They issued a "buy" rating on the stock. JPMorgan Chase & Co. decreased their price objective on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Citigroup decreased their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Finally, The Goldman Sachs Group decreased their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.80.

Regions Financial Price Performance

NYSE:RF traded down $0.20 during trading hours on Wednesday, reaching $21.48. The stock had a trading volume of 1,857,851 shares, compared to its average volume of 8,108,492. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 52 week low of $17.72 and a 52 week high of $27.96. The company has a 50 day moving average price of $20.73 and a two-hundred day moving average price of $23.07. The stock has a market capitalization of $19.30 billion, a PE ratio of 11.07, a PEG ratio of 1.93 and a beta of 0.97.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same quarter in the previous year, the company posted $0.37 EPS. As a group, sell-side analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio is currently 48.08%.

Insider Activity

In related news, Director Joia M. Johnson bought 2,300 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.29% of the company's stock.

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.