XTX Topco Ltd Sells 83,980 Shares of Regions Financial Co. (NYSE:RF)

XTX Topco Ltd lessened its holdings in shares of Regions Financial Co. (NYSE:RF - Free Report) by 67.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 39,706 shares of the bank's stock after selling 83,980 shares during the period. XTX Topco Ltd's holdings in Regions Financial were worth $934,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Ballentine Partners LLC raised its stake in shares of Regions Financial by 2.5% in the fourth quarter. Ballentine Partners LLC now owns 17,458 shares of the bank's stock valued at $411,000 after acquiring an additional 420 shares during the last quarter. Prossimo Advisors LLC increased 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 valued at $453,000 after buying an additional 430 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Regions Financial by 1.8% in the fourth quarter. Greenleaf Trust now owns 24,382 shares of the bank's stock valued at $573,000 after buying 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 acquiring an additional 436 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in 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 during 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 research analysts have recently weighed in on the company. Morgan Stanley cut their price target on Regions Financial from $29.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Keefe, Bruyette & Woods dropped their price target on Regions Financial from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Monday. Citigroup dropped their target price on shares of Regions Financial from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Barclays lowered their price objective on shares of Regions Financial from $26.00 to $24.00 and set an "underweight" rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price target on Regions Financial from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.68.

Insider Buying and Selling

In related news, Director Joia M. Johnson purchased 2,300 shares of the firm's stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have bought 3,343 shares of company stock worth $74,348. Corporate insiders own 0.29% of the company's stock.

Regions Financial Stock Performance

NYSE:RF traded up $0.50 during mid-day trading on Tuesday, reaching $19.59. 1,531,830 shares of the company's stock were exchanged, compared to its average volume of 8,113,075. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market capitalization of $17.74 billion, a PE ratio of 10.10, a price-to-earnings-growth 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. The business's fifty day simple moving average is $21.49 and its two-hundred day simple moving average is $23.54.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings results 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 for 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 business posted $0.37 earnings per share. Analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.10%. 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.