Regions Financial Co. (NYSE:RF) Shares Sold by Ossiam

Ossiam cut its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 68.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,803 shares of the bank's stock after selling 53,258 shares during the quarter. Ossiam's holdings in Regions Financial were worth $583,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RF. Norges Bank acquired a new position in Regions Financial in the 4th quarter worth about $279,103,000. Invesco Ltd. raised 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 buying an additional 1,963,954 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Regions Financial by 5.0% during 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 buying an additional 1,396,647 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Regions Financial in the 4th quarter valued at $31,480,000. Finally, Allianz Asset Management GmbH increased its holdings in Regions Financial by 247.0% in the 4th quarter. Allianz Asset Management GmbH now owns 1,738,571 shares of the bank's stock worth $40,891,000 after acquiring an additional 1,237,538 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Regions Financial Stock Down 0.1 %

Shares of NYSE RF traded down $0.02 during midday trading on Monday, hitting $20.26. The company's stock had a trading volume of 889,878 shares, compared to its average volume of 8,079,003. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market capitalization of $18.35 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The business's fifty day simple moving average is $21.16 and its two-hundred day simple moving average is $23.47. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96.

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 the consensus estimate of $0.51 by $0.03. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter last year, the company posted $0.37 EPS. On average, equities analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The business 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio is presently 48.08%.

Insider Buying and Selling

In other news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $21.18 per share, for a total transaction of $48,714.00. Following the completion of the purchase, the director now owns 17,486 shares in the company, valued at approximately $370,353.48. This trade represents a 15.15 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.29% of the company's stock.

Analyst Ratings Changes

RF has been the topic of several research reports. Barclays decreased their target price on Regions Financial from $26.00 to $24.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Keefe, Bruyette & Woods lowered their target price on shares of Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Stephens cut their price objective on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, Morgan Stanley reduced their price objective on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Regions Financial currently has an average rating of "Moderate Buy" and a consensus price target of $25.53.

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.