Public Employees Retirement Association of Colorado Increases Stock Position in Regions Financial Co. (NYSE:RF)

Public Employees Retirement Association of Colorado grew its position in shares of Regions Financial Co. (NYSE:RF - Free Report) by 771.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 775,742 shares of the bank's stock after buying an additional 686,733 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.09% of Regions Financial worth $18,245,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in RF. Y.D. More Investments Ltd raised its holdings in Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank's stock worth $27,000 after purchasing an additional 634 shares in the last quarter. Sierra Ocean LLC acquired a new position in Regions Financial during the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management raised its stake in shares of Regions Financial by 2,354.9% during 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 in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Regions Financial in the 4th quarter valued at approximately $32,000. Finally, Creative Capital Management Investments LLC purchased a new stake in shares of Regions Financial in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 79.39% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced 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. Wells Fargo & Company decreased their price objective on shares of Regions Financial from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Stephens dropped their target price 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. Keefe, Bruyette & Woods decreased their price target 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. Finally, Morgan Stanley reduced their price objective on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.53.

Regions Financial Trading Down 0.6 %

Regions Financial stock traded down $0.12 during trading on Wednesday, hitting $20.40. The company's stock had a trading volume of 6,629,559 shares, compared to its average volume of 8,104,277. The stock's fifty day moving average is $21.01 and its 200 day moving average is $23.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96. The stock 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 (NYSE:RF - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. During the same quarter last year, the firm posted $0.37 earnings per share. As a group, equities research analysts predict that Regions Financial Co. will post 2.26 EPS for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 4.90%. Regions Financial's dividend payout ratio is presently 48.08%.

Insider Transactions at Regions Financial

In related news, Director Joia M. Johnson acquired 2,300 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $21.18 per share, with a total value of $48,714.00. Following the completion of the transaction, the director now directly owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.29% of the company's stock.

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.