Oxford Asset Management LLP Makes New $335,000 Investment in Regions Financial Co. (NYSE:RF)

Oxford Asset Management LLP acquired a new position in shares of Regions Financial Co. (NYSE:RF - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,264 shares of the bank's stock, valued at approximately $335,000.

Other large investors also recently modified their holdings of the company. Ballentine Partners LLC raised its stake in Regions Financial by 2.5% during the 4th quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock worth $411,000 after buying an additional 420 shares during the period. Prossimo Advisors LLC raised its stake in shares of Regions Financial by 2.3% in the fourth quarter. Prossimo Advisors LLC now owns 19,270 shares of the bank's stock worth $453,000 after purchasing an additional 430 shares during the last quarter. Greenleaf Trust raised its stake in shares of Regions Financial by 1.8% in the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock worth $573,000 after purchasing an additional 436 shares during the last quarter. Lake Street Advisors Group LLC raised its stake in shares of Regions Financial by 2.3% in the fourth quarter. Lake Street Advisors Group LLC now owns 19,173 shares of the bank's stock worth $456,000 after purchasing an additional 436 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in shares of Regions Financial by 0.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 70,822 shares of the bank's stock valued at $1,666,000 after acquiring an additional 529 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. The Goldman Sachs Group 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 Tuesday, April 22nd. Barclays dropped their price objective on Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. reduced their price target on shares of Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Stephens reduced their price target on shares of Regions Financial from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Morgan Stanley reduced their price target on shares of 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Regions Financial presently has an average rating of "Moderate Buy" and a consensus price target of $25.53.

Regions Financial Stock Down 0.6 %

RF traded down $0.12 during trading on Wednesday, reaching $20.40. The stock had a trading volume of 6,629,559 shares, compared to its average volume of 8,104,277. The stock's 50 day moving average is $21.01 and its two-hundred day moving average is $23.42. 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 company has a market capitalization of $18.47 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 1.93 and a beta of 1.01. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The business had revenue of $1.81 billion during 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 quarter in the prior year, the company earned $0.37 earnings per share. As a group, analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Monday, June 2nd. Regions Financial's dividend payout ratio is presently 48.08%.

Insider Transactions at Regions Financial

In related news, Director Joia M. Johnson bought 2,300 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost 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. The trade was a 15.15 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

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.