Gallagher Fiduciary Advisors LLC Invests $552,000 in Regions Financial Corporation $RF

Gallagher Fiduciary Advisors LLC acquired a new position in Regions Financial Corporation (NYSE:RF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,284 shares of the bank’s stock, valued at approximately $552,000.

A number of other hedge funds also recently bought and sold shares of RF. Charles Schwab Investment Management Inc. boosted its position in Regions Financial by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,837,339 shares of the bank’s stock worth $862,792,000 after purchasing an additional 215,061 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Regions Financial by 68.9% during the 4th quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock valued at $618,860,000 after purchasing an additional 9,312,449 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Regions Financial by 3.1% in the 4th quarter. Invesco Ltd. now owns 19,348,237 shares of the bank’s stock worth $524,337,000 after purchasing an additional 573,659 shares during the period. Morgan Stanley lifted its stake in shares of Regions Financial by 1.3% in the 4th quarter. Morgan Stanley now owns 18,356,400 shares of the bank’s stock worth $497,459,000 after purchasing an additional 231,924 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Regions Financial by 75.7% in the 1st quarter. First Trust Advisors LP now owns 13,358,969 shares of the bank’s stock worth $348,936,000 after purchasing an additional 5,754,487 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RF. Cantor Fitzgerald boosted their target price on shares of Regions Financial from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods increased their price target on shares of Regions Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, July 20th. Robert W. Baird reiterated an “underperform” rating and issued a $28.00 price target on shares of Regions Financial in a research report on Monday, July 6th. DA Davidson raised their price objective on shares of Regions Financial from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Finally, Evercore restated an “underperform” rating and set a $31.00 target price on shares of Regions Financial in a research note on Monday, July 6th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Regions Financial currently has a consensus rating of “Hold” and a consensus target price of $32.24.

Regions Financial Trading Up 0.1%

Shares of RF opened at $30.66 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.81 and a quick ratio of 0.81. Regions Financial Corporation has a 1 year low of $22.70 and a 1 year high of $32.47. The company has a 50 day simple moving average of $30.73 and a two-hundred day simple moving average of $28.80. The firm has a market cap of $26.12 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.17 and a beta of 1.00.

Regions Financial (NYSE:RF) last released its earnings results on Friday, July 17th. The bank reported $0.68 EPS for the quarter, topping the consensus estimate of $0.63 by $0.05. Regions Financial had a net margin of 23.33% and a return on equity of 12.88%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts expect that Regions Financial Corporation will post 2.63 earnings per share for the current fiscal year.

Regions Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. This is a positive change from Regions Financial’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, September 1st. Regions Financial’s payout ratio is presently 43.27%.

Regions Financial Company 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.