Regions Financial Co. (NYSE:RF) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in Regions Financial Co. (NYSE:RF) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,882 shares of the bank’s stock after selling 11,018 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Regions Financial were worth $3,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Citigroup Inc. raised its holdings in Regions Financial by 20.0% in the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after acquiring an additional 253,708 shares in the last quarter. Aprio Wealth Management LLC purchased a new stake in shares of Regions Financial in the 4th quarter valued at approximately $1,247,000. Nordea Investment Management AB raised its holdings in shares of Regions Financial by 60.4% in the 4th quarter. Nordea Investment Management AB now owns 263,131 shares of the bank’s stock valued at $6,220,000 after purchasing an additional 99,115 shares in the last quarter. Commerce Bank raised its holdings in shares of Regions Financial by 392.5% in the 3rd quarter. Commerce Bank now owns 248,325 shares of the bank’s stock valued at $5,793,000 after purchasing an additional 197,900 shares in the last quarter. Finally, National Pension Service lifted its position in shares of Regions Financial by 6.3% during the 3rd quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock worth $40,175,000 after purchasing an additional 102,380 shares during the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RF has been the topic of a number of analyst reports. StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Barclays raised their target price on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. The Goldman Sachs Group upped their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Compass Point raised their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Wedbush upped their target price on shares of Regions Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.67.

Regions Financial Trading Down 0.8 %

Shares of Regions Financial stock opened at $24.45 on Monday. Regions Financial Co. has a 1 year low of $17.61 and a 1 year high of $27.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The business has a 50 day moving average price of $24.45 and a 200 day moving average price of $23.76. The company has a market capitalization of $22.22 billion, a P/E ratio of 12.60, a P/E/G ratio of 1.97 and a beta of 1.20.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. Sell-side analysts anticipate that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

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.