Universal Beteiligungs und Servicegesellschaft mbH Acquires New Stake in Regions Financial Co. (NYSE:RF)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 698,192 shares of the bank's stock, valued at approximately $16,421,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Regions Financial at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Regions Financial by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank's stock valued at $686,398,000 after buying an additional 1,396,647 shares during the period. Geode Capital Management LLC increased its stake 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 buying an additional 403,283 shares during the period. First Trust Advisors LP increased 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. increased its stake in shares of Regions Financial by 14.5% during the fourth quarter. Invesco Ltd. now owns 15,468,674 shares of the bank's stock valued at $363,823,000 after buying an additional 1,963,954 shares during the period. Finally, Norges Bank purchased a new position in shares of Regions Financial during the fourth quarter valued at approximately $279,103,000. 79.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their target price on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Truist Financial reissued a "hold" rating on shares of Regions Financial in a research note on Friday, May 23rd. Morgan Stanley reduced their target price on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. TD Cowen started coverage on Regions Financial in a research note on Thursday, May 15th. They issued a "buy" rating and a $31.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price target 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $25.80.

Regions Financial Stock Up 2.0%

Regions Financial stock traded up $0.43 during mid-day trading on Tuesday, hitting $21.54. The company had a trading volume of 5,752,529 shares, compared to its average volume of 8,129,252. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The stock's 50 day moving average price is $20.66 and its two-hundred day moving average price is $22.90. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96. The company has a market capitalization of $19.36 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97.

Regions Financial (NYSE:RF - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $0.54 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the company posted $0.37 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's payout ratio is currently 48.08%.

Insider Activity

In other Regions Financial news, Director Joia M. Johnson purchased 2,300 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the acquisition, the director now directly owns 17,486 shares in the company, valued at $370,353.48. This trade represents a 15.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company's stock.

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.