1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC increased its position in shares of Regions Financial Co. ( NYSE:RF – Free Report ) by 149.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 22,419 shares of the bank’s stock after purchasing an additional 13,423 shares during the period. Orion Portfolio Solutions LLC’s holdings in Regions Financial were worth $527,000 at the end of the most recent quarter. Several other large investors have also recently bought and sold shares of the business.
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 stake in Regions Financial during the 4th quarter worth $28,000. Picton Mahoney Asset Management raised its stake in 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 acquiring an additional 1,201 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in Regions Financial in the fourth quarter valued at $32,000.
Finally, Legacy Investment Solutions LLC acquired a new position in Regions Financial in the third quarter valued at $37,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.
Regions Financial Stock Down 0.1 % Shares of NYSE RF opened at $18.65 on Tuesday.
The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.
37. The firm has a 50-day moving average price of $22.76 and a 200 day moving average price of $23.
86. Regions Financial Co. has a 52 week low of $17.
72 and a 52 week high of $27.96. The stock has a market capitalization of $16.
89 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 1.93 and a beta of 1.
01. Regions Financial Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were paid a dividend of $0.
25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.
36%. The ex-dividend date was Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is presently 51.
55%. Insider Buying and Selling In related news, Director Joia M. Johnson acquired 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th.
The stock was purchased at an average cost of $21.18 per share, for a total transaction of $48,714.00.
Following the transaction, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $370,353.48. This trade represents a 15.
15 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Insiders have acquired 3,868 shares of company stock worth $86,722 in the last three months.
Corporate insiders own 0.29% of the company’s stock. Analysts Set New Price Targets RF has been the subject of several research reports.
Compass Point boosted their target price on Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th.
Wells Fargo & Company reduced their price objective on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th.
Barclays raised their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th.
Morgan Stanley reduced their price target on shares of Regions Financial from $29.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday.
Finally, Citigroup lowered 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 report on Monday, March 24th.
One investment analyst has rated the stock with a sell rating, eight have issued 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 price target of $26.
42. Read Our Latest Research Report on RF Regions Financial Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding RF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regions Financial Co.
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