Unigestion Holding SA Has $1.17 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

Unigestion Holding SA increased its stake in Regions Financial Co. (NYSE:RF - Free Report) by 107.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,857 shares of the bank's stock after purchasing an additional 27,857 shares during the quarter. Unigestion Holding SA's holdings in Regions Financial were worth $1,170,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RF. Charles Schwab Investment Management Inc. raised its stake in 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 valued at $686,398,000 after purchasing an additional 1,396,647 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Regions Financial by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 23,028,497 shares of the bank's stock valued at $540,284,000 after buying an additional 403,283 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Regions Financial by 7.7% during the fourth quarter. First Trust Advisors LP now owns 17,053,457 shares of the bank's stock valued at $401,097,000 after buying an additional 1,224,645 shares during the period. Invesco Ltd. lifted its stake in shares of Regions Financial by 14.5% during the 4th quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock worth $363,823,000 after purchasing an additional 1,963,954 shares during the period. Finally, Norges Bank acquired a new stake in shares of Regions Financial in the fourth quarter worth approximately $279,103,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RF. The Goldman Sachs Group cut their price target on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Stephens reissued an "overweight" rating and issued a $24.00 target price on shares of Regions Financial in a research note on Tuesday. Cowen began coverage on shares of Regions Financial in a research report on Wednesday, May 14th. They set a "buy" rating for the company. 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. Finally, Citigroup decreased their target price on Regions Financial from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $25.80.

Regions Financial Stock Performance

Shares of NYSE RF traded down $0.00 during midday trading on Thursday, hitting $21.30. 5,007,141 shares of the company's stock were exchanged, compared to its average volume of 8,122,360. Regions Financial Co. has a twelve month low of $17.72 and a twelve month high of $27.96. The firm has a market cap of $19.15 billion, a P/E ratio of 10.98, a PEG ratio of 1.93 and a beta of 0.97. The stock's 50 day moving average price is $20.66 and its 200-day moving average price is $22.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83.

Regions Financial (NYSE:RF - Get Free Report) last issued 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. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. During the same period last year, the company earned $0.37 earnings per share. Equities research analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Monday, June 2nd. Regions Financial's dividend payout ratio is presently 48.08%.

Insider Activity

In related news, Director Joia M. Johnson bought 2,300 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. The trade was a 15.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.29% of the company's stock.

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.