Schroder Investment Management Group decreased its position in Regions Financial Corp (NYSE:RF) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,197 shares of the bank’s stock after selling 3,240 shares during the period. Schroder Investment Management Group’s holdings in Regions Financial were worth $813,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Millennium Management LLC increased its stake in shares of Regions Financial by 52.7% during the 2nd quarter. Millennium Management LLC now owns 19,743,411 shares of the bank’s stock worth $351,038,000 after purchasing an additional 6,813,530 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Regions Financial by 4.6% during the 2nd quarter. Bank of Montreal Can now owns 17,179,629 shares of the bank’s stock worth $305,453,000 after purchasing an additional 754,073 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Regions Financial by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 12,496,685 shares of the bank’s stock worth $222,190,000 after purchasing an additional 95,653 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Regions Financial by 135.1% during the 2nd quarter. Janus Henderson Group PLC now owns 7,807,580 shares of the bank’s stock worth $138,818,000 after purchasing an additional 4,486,512 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Regions Financial by 1.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,047,523 shares of the bank’s stock worth $107,525,000 after purchasing an additional 61,567 shares during the last quarter. Hedge funds and other institutional investors own 74.79% of the company’s stock.

Regions Financial stock opened at $16.39 on Tuesday. Regions Financial Corp has a 1-year low of $15.01 and a 1-year high of $20.21. The company has a market capitalization of $18.63 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 0.95 and a beta of 1.29. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.66.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 7th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 3.42%. Regions Financial’s dividend payout ratio is 56.00%.

In related news, EVP C. Keith Herron sold 23,186 shares of Regions Financial stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $18.76, for a total value of $434,969.36. Following the completion of the transaction, the executive vice president now directly owns 204,537 shares in the company, valued at approximately $3,837,114.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan W. Matlock sold 24,000 shares of Regions Financial stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $18.50, for a total transaction of $444,000.00. Following the completion of the transaction, the director now owns 14,914 shares of the company’s stock, valued at $275,909. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by insiders.

Several equities research analysts have recently issued reports on the stock. Wedbush set a $22.00 price target on shares of Regions Financial and gave the stock a “buy” rating in a research note on Friday, September 7th. Robert W. Baird upgraded shares of Regions Financial from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 28th. B. Riley set a $20.00 price target on shares of Regions Financial and gave the stock a “hold” rating in a research note on Monday, October 15th. Finally, Vining Sparks reiterated a “buy” rating and issued a $22.00 price objective on shares of Regions Financial in a research note on Tuesday, October 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Regions Financial has a consensus rating of “Hold” and an average price target of $18.23.

About Regions Financial

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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

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