RWC Asset Management LLP Acquires 100,032 Shares of Regions Financial Corporation (RF)

RWC Asset Management LLP boosted its stake in shares of Regions Financial Corporation (NYSE:RF) by 63.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 256,795 shares of the company’s stock after buying an additional 100,032 shares during the period. RWC Asset Management LLP’s holdings in Regions Financial Corporation were worth $2,535,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RF. Dorsey & Whitney Trust CO LLC increased its position in shares of Regions Financial Corporation by 0.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 10,847 shares of the company’s stock valued at $108,000 after buying an additional 48 shares during the period. MCF Advisors LLC increased its position in shares of Regions Financial Corporation by 0.6% in the second quarter. MCF Advisors LLC now owns 14,243 shares of the company’s stock valued at $121,000 after buying an additional 85 shares during the period. Moors & Cabot Inc. increased its position in shares of Regions Financial Corporation by 0.4% in the third quarter. Moors & Cabot Inc. now owns 44,839 shares of the company’s stock valued at $446,000 after buying an additional 180 shares during the period. Lbmc Investment Advisors LLC increased its position in shares of Regions Financial Corporation by 0.5% in the third quarter. Lbmc Investment Advisors LLC now owns 36,018 shares of the company’s stock valued at $356,000 after buying an additional 197 shares during the period. Finally, Investors Capital Advisory Services increased its position in shares of Regions Financial Corporation by 0.5% in the second quarter. Investors Capital Advisory Services now owns 42,678 shares of the company’s stock valued at $363,000 after buying an additional 224 shares during the period. 74.09% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Regions Financial Corporation (NYSE:RF)

Shares of Regions Financial Corporation (NYSE:RF) opened at 15.15 on Tuesday. The company has a 50 day moving average price of $14.45 and a 200 day moving average price of $11.90. The company has a market cap of $18.41 billion, a PE ratio of 17.33 and a beta of 1.37. Regions Financial Corporation has a 52 week low of $7.20 and a 52 week high of $15.34.

Regions Financial Corporation (NYSE:RF) last issued its earnings results on Friday, January 20th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. Regions Financial Corporation had a return on equity of 7.09% and a net margin of 19.49%. The business earned $1.39 billion during the quarter. During the same period in the previous year, the company earned $0.21 EPS. Regions Financial Corporation’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts expect that Regions Financial Corporation will post $0.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $0.26 dividend on an annualized basis and a yield of 1.72%. Regions Financial Corporation’s payout ratio is presently 29.89%.

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Several brokerages have recently issued reports on RF. Sandler O’Neill downgraded shares of Regions Financial Corporation from a “buy” rating to a “hold” rating and set a $11.50 price target for the company. in a report on Tuesday, November 8th. Compass Point downgraded shares of Regions Financial Corporation from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Monday, January 23rd. Jefferies Group LLC downgraded shares of Regions Financial Corporation from a “buy” rating to a “hold” rating and upped their price objective for the stock from $11.50 to $14.00 in a report on Monday, November 28th. Evercore ISI upped their price objective on shares of Regions Financial Corporation from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, December 5th. Finally, Deutsche Bank AG upped their price objective on shares of Regions Financial Corporation from $10.50 to $13.00 and gave the stock a “hold” rating in a report on Wednesday, November 30th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.07.

In other Regions Financial Corporation news, EVP C. Matthew Lusco sold 43,000 shares of the company’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $14.52, for a total value of $624,360.00. Following the completion of the transaction, the executive vice president now owns 59,960 shares of the company’s stock, valued at approximately $870,619.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William E. Horton sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $12.99, for a total value of $649,500.00. Following the completion of the transaction, the executive vice president now directly owns 81,434 shares of the company’s stock, valued at approximately $1,057,827.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 205,848 shares of company stock valued at $2,892,215. Insiders own 0.88% of the company’s stock.

About Regions Financial Corporation

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

5 Day Chart for NYSE:RF

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