New England Research & Management Inc. grew its holdings in Regions Financial Corporation (NYSE:RF) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,115 shares of the bank’s stock after acquiring an additional 5,850 shares during the period. Regions Financial accounts for approximately 1.1% of New England Research & Management Inc.’s holdings, making the stock its 24th largest position. New England Research & Management Inc.’s holdings in Regions Financial were worth $1,557,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of RF. Janus Henderson Group PLC grew its position in Regions Financial by 8,065.3% in the second quarter. Janus Henderson Group PLC now owns 13,067,310 shares of the bank’s stock worth $191,306,000 after acquiring an additional 12,907,276 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its position in Regions Financial by 257.2% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 9,538,317 shares of the bank’s stock worth $145,268,000 after acquiring an additional 6,868,243 shares in the last quarter. Samlyn Capital LLC grew its position in Regions Financial by 63.0% in the second quarter. Samlyn Capital LLC now owns 9,074,895 shares of the bank’s stock worth $132,856,000 after acquiring an additional 3,506,995 shares in the last quarter. Shapiro Capital Management LLC bought a new stake in Regions Financial in the second quarter worth approximately $47,308,000. Finally, Parametric Portfolio Associates LLC grew its position in Regions Financial by 66.2% in the second quarter. Parametric Portfolio Associates LLC now owns 6,319,165 shares of the bank’s stock worth $92,513,000 after acquiring an additional 2,517,411 shares in the last quarter. 75.25% of the stock is owned by institutional investors.

Several analysts have commented on RF shares. Goldman Sachs Group raised shares of Regions Financial from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, November 16th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.50 target price on shares of Regions Financial in a research report on Friday, September 15th. JPMorgan Chase & Co. boosted their target price on shares of Regions Financial from $15.50 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Citigroup reaffirmed a “neutral” rating and set a $16.00 price objective (up from $15.00) on shares of Regions Financial in a report on Monday, October 9th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $19.00 price objective on shares of Regions Financial in a report on Wednesday, November 29th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Regions Financial currently has an average rating of “Hold” and an average target price of $16.65.

In related news, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total transaction of $255,600.00. Following the completion of the transaction, the director now directly owns 59,436 shares in the company, valued at approximately $1,012,789.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John B. Owen sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total transaction of $626,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,000 shares of company stock valued at $1,278,400. Corporate insiders own 0.52% of the company’s stock.

Regions Financial Corporation (NYSE:RF) traded down $0.02 during midday trading on Tuesday, hitting $17.47. 8,292,199 shares of the company traded hands, compared to its average volume of 9,535,180. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39. The company has a market cap of $20,500.00, a P/E ratio of 18.39, a P/E/G ratio of 1.23 and a beta of 1.30. Regions Financial Corporation has a fifty-two week low of $13.00 and a fifty-two week high of $17.73.

Regions Financial (NYSE:RF) last released its earnings results on Tuesday, October 24th. The bank reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Regions Financial had a net margin of 20.14% and a return on equity of 7.56%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. sell-side analysts anticipate that Regions Financial Corporation will post 0.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.06%. The ex-dividend date was Thursday, December 7th. Regions Financial’s payout ratio is currently 37.89%.

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About Regions Financial

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

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Institutional Ownership by Quarter for Regions Financial (NYSE:RF)

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