UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $197.64 Million Position in Regions Financial Corporation $RF

Key Points

• UBS Asset Management decreased its holdings in Regions Financial Corporation by 2.9%, owning approximately 9.1 million shares valued at $197.6 million as of the latest SEC filing.
• Regions Financial reported earnings per share of $0.60 for the latest quarter, surpassing analysts' expectations and showing a 10.1% increase in revenue year-over-year.
• The company announced a quarterly dividend increase to $0.265 per share, reflecting a yield of 3.9%, with the prior dividend being $0.25.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its holdings in Regions Financial Corporation (NYSE:RF - Free Report) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,095,432 shares of the bank's stock after selling 274,176 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.01% of Regions Financial worth $197,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RF. Bayforest Capital Ltd boosted its stake in Regions Financial by 637.3% in the first quarter. Bayforest Capital Ltd now owns 1,224 shares of the bank's stock valued at $27,000 after acquiring an additional 1,058 shares during the last quarter. Rossby Financial LCC bought a new position in Regions Financial in the first quarter valued at approximately $36,000. Grove Bank & Trust boosted its stake in Regions Financial by 76.6% in the first quarter. Grove Bank & Trust now owns 1,876 shares of the bank's stock valued at $41,000 after acquiring an additional 814 shares during the last quarter. Groupe la Francaise bought a new position in Regions Financial in the first quarter valued at approximately $41,000. Finally, Wealth Preservation Advisors LLC bought a new position in Regions Financial in the first quarter valued at approximately $58,000. 79.39% of the stock is owned by institutional investors.

Regions Financial Stock Up 0.6%

Shares of NYSE:RF traded up $0.15 during midday trading on Friday, reaching $27.19. 17,753,369 shares of the company were exchanged, compared to its average volume of 16,921,250. Regions Financial Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $27.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $25.91 and a two-hundred day simple moving average of $22.99. The firm has a market cap of $24.26 billion, a PE ratio of 12.65, a P/E/G ratio of 1.56 and a beta of 1.02.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The bank reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the business posted $0.52 earnings per share. The firm's quarterly revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts forecast that Regions Financial Corporation will post 2.26 earnings per share for the current 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 3.9%. Regions Financial's payout ratio is currently 49.30%.

Insider Buying and Selling

In other Regions Financial news, EVP David R. Keenan sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the transaction, the executive vice president owned 90,915 shares of the company's stock, valued at $2,273,784.15. This represents a 24.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Roger W. Jenkins purchased 4,000 shares of Regions Financial stock in a transaction on Wednesday, August 13th. The shares were purchased at an average cost of $25.48 per share, with a total value of $101,920.00. Following the transaction, the director owned 6,383 shares in the company, valued at approximately $162,638.84. The trade was a 167.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on RF. Wall Street Zen raised shares of Regions Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. 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 report on Monday, July 21st. DA Davidson increased their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Morgan Stanley increased their target price on shares of Regions Financial from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Barclays reiterated an "underweight" rating and issued a $27.00 target price (up from $24.00) on shares of Regions Financial in a report on Monday, July 21st. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.47.

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.