USS Investment Management Ltd Sells 133,728 Shares of Regions Financial Co. (NYSE:RF)

USS Investment Management Ltd lowered its position in Regions Financial Co. (NYSE:RF - Free Report) by 43.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 174,778 shares of the bank's stock after selling 133,728 shares during the quarter. USS Investment Management Ltd's holdings in Regions Financial were worth $4,110,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RF. Y.D. More Investments Ltd boosted its position in shares of Regions Financial by 122.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock valued at $27,000 after acquiring an additional 634 shares during the last quarter. Sierra Ocean LLC bought a new stake in Regions Financial in the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management lifted its position in Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after buying an additional 1,201 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Regions Financial in the 4th quarter worth approximately $32,000. Finally, Creative Capital Management Investments LLC bought a new stake in Regions Financial in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 79.39% of the company's stock.

Insider Activity

In related news, Director Joia M. Johnson acquired 2,300 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $21.18 per share, with a total value of $48,714.00. Following the completion of the purchase, the director now owns 17,486 shares of the company's stock, valued at approximately $370,353.48. This 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 the SEC website. Company insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on RF. The Goldman Sachs Group dropped 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 Tuesday, April 22nd. Barclays dropped their target price on Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Truist Financial lowered their price objective on Regions Financial from $24.00 to $21.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. 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. Finally, JPMorgan Chase & Co. decreased their target price on Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. 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. According to MarketBeat, Regions Financial has an average rating of "Moderate Buy" and an average target price of $25.80.

Regions Financial Trading Up 0.2%

Shares of NYSE:RF opened at $21.37 on Friday. Regions Financial Co. has a 52-week low of $17.72 and a 52-week high of $27.96. The stock has a market cap of $19.21 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 1.93 and a beta of 0.97. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $20.75 and a 200-day moving average price of $23.17.

Regions Financial (NYSE:RF - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations 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 business earned $0.37 earnings per share. Equities analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio (DPR) is presently 48.08%.

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.

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