Schroder Investment Management Group Has $45.90 Million Position in Regions Financial Corporation $RF

Schroder Investment Management Group increased its holdings in shares of Regions Financial Corporation (NYSE:RF) by 11.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,732,045 shares of the bank’s stock after acquiring an additional 173,871 shares during the quarter. Schroder Investment Management Group’s holdings in Regions Financial were worth $45,899,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Darwin Wealth Management LLC acquired a new stake in Regions Financial in the 2nd quarter valued at approximately $25,000. United Community Bank bought a new stake in shares of Regions Financial in the third quarter valued at approximately $30,000. Salomon & Ludwin LLC bought a new stake in shares of Regions Financial in the third quarter valued at approximately $32,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Regions Financial in the second quarter worth $33,000. Finally, Clearstead Trust LLC grew its stake in shares of Regions Financial by 574.5% in the second quarter. Clearstead Trust LLC now owns 1,430 shares of the bank’s stock worth $34,000 after acquiring an additional 1,218 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

Regions Financial stock opened at $26.76 on Wednesday. The business has a 50 day simple moving average of $28.66 and a 200 day simple moving average of $26.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $23.10 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 0.95 and a beta of 1.02. Regions Financial Corporation has a one year low of $17.74 and a one year high of $31.53.

Regions Financial (NYSE:RF) last released its quarterly earnings data on Friday, January 16th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.04). Regions Financial had a return on equity of 12.55% and a net margin of 22.44%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that Regions Financial Corporation will post 2.26 EPS for the current fiscal year.

Regions Financial announced that its board has authorized a share buyback plan on Wednesday, December 10th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the bank to repurchase up to 12.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Regions Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, March 2nd. Regions Financial’s dividend payout ratio is currently 46.29%.

Insiders Place Their Bets

In other news, EVP William D. Ritter sold 36,000 shares of Regions Financial stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $28.78, for a total value of $1,036,080.00. Following the completion of the transaction, the executive vice president owned 17,569 shares in the company, valued at approximately $505,635.82. The trade was a 67.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on RF. Barclays upped their target price on shares of Regions Financial from $27.00 to $30.00 and gave the company an “underweight” rating in a research note on Monday, January 5th. Wall Street Zen downgraded shares of Regions Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Regions Financial in a research report on Monday, December 29th. Evercore cut shares of Regions Financial from an “in-line” rating to an “underperform” rating and increased their target price for the company from $27.00 to $29.00 in a research note on Tuesday, January 6th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $32.00 target price on shares of Regions Financial in a research report on Tuesday, March 3rd. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Regions Financial has a consensus rating of “Hold” and an average price target of $29.97.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.