American Century Companies Inc. Sells 114,617 Shares of Regions Financial Co. (NYSE:RF)

American Century Companies Inc. trimmed its position in shares of Regions Financial Co. (NYSE:RF) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,651,058 shares of the bank’s stock after selling 114,617 shares during the quarter. American Century Companies Inc. owned 0.29% of Regions Financial worth $62,353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its stake in Regions Financial by 16.3% in the third quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock valued at $1,306,813,000 after buying an additional 7,791,399 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Regions Financial by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,183,580 shares of the bank’s stock valued at $686,398,000 after acquiring an additional 1,396,647 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Regions Financial by 1.4% in the third quarter. Geode Capital Management LLC now owns 22,625,214 shares of the bank’s stock worth $526,118,000 after purchasing an additional 315,605 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Regions Financial by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,738,619 shares of the bank’s stock valued at $203,273,000 after purchasing an additional 112,885 shares in the last quarter. Finally, FMR LLC grew its position in Regions Financial by 8.4% in the third quarter. FMR LLC now owns 3,109,633 shares of the bank’s stock valued at $72,548,000 after purchasing an additional 241,838 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Insiders Place Their Bets

In related news, Director Joia M. Johnson bought 2,300 shares of the business’s stock in a transaction dated 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 owns 17,486 shares in the company, valued at $370,353.48. The trade was a 15.15 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 3,993 shares of company stock worth $89,682 in the last quarter. Corporate insiders own 0.29% of the company’s stock.

Regions Financial Price Performance

Shares of NYSE RF opened at $22.44 on Wednesday. The firm has a market cap of $20.32 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The business’s 50 day moving average is $23.40 and its 200-day moving average is $23.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. Regions Financial Co. has a 1-year low of $17.72 and a 1-year high of $27.96.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $1.82 billion for 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 company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. Equities research analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Monday, March 3rd. Regions Financial’s dividend payout ratio is currently 51.55%.

Analyst Ratings Changes

RF has been the subject of a number of recent research reports. Morgan Stanley restated an “equal weight” rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. The Goldman Sachs Group increased their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Barclays boosted their price target on Regions Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Truist Financial cut their price objective on Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a report on Friday, March 21st. Finally, Compass Point boosted their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $27.28.

Regions Financial 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.