Northern Trust Corp Has $227.18 Million Stock Position in Regions Financial Co. (NYSE:RF)

Northern Trust Corp raised its position in Regions Financial Co. (NYSE:RF - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,658,858 shares of the bank's stock after buying an additional 1,247,882 shares during the quarter. Northern Trust Corp owned approximately 1.06% of Regions Financial worth $227,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of RF. Y.D. More Investments Ltd boosted its stake 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 worth $27,000 after acquiring an additional 634 shares in the last quarter. Sierra Ocean LLC acquired a new position in Regions Financial during the fourth quarter worth $28,000. Picton Mahoney Asset Management boosted its position in Regions Financial by 2,354.9% during the fourth quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank's stock worth $29,000 after purchasing an additional 1,201 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of Regions Financial during the 4th quarter worth $32,000. Finally, Creative Capital Management Investments LLC acquired a new stake in Regions Financial in the 4th quarter valued at about $44,000. 79.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Regions Financial

In other news, Director Joia M. Johnson acquired 2,300 shares of the firm's stock in a transaction dated 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 acquisition, the director now owns 17,486 shares of the company's stock, valued at $370,353.48. This trade represents a 15.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

Regions Financial Stock Up 1.3 %

RF stock traded up $0.28 during trading hours on Wednesday, hitting $20.99. The company's stock had a trading volume of 935,375 shares, compared to its average volume of 9,062,188. The company has a market capitalization of $19.00 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97. The stock has a 50 day moving average price of $20.74 and a two-hundred day moving average price of $23.31. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96.

Regions Financial (NYSE:RF - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company earned $0.37 earnings per share. On average, equities research analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

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 paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 4.77%. Regions Financial's payout ratio is 48.08%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley dropped their price target 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. Wells Fargo & Company reduced their target price 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. Truist Financial cut their price objective on Regions Financial from $24.00 to $21.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Stephens lowered their target price on Regions Financial from $26.00 to $24.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Citigroup dropped their price objective on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.53.

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.