Quantinno Capital Management LP Has $7.96 Million Stock Holdings in Regions Financial Co. (NYSE:RF)

Quantinno Capital Management LP grew its position in Regions Financial Co. (NYSE:RF) by 1.5% during the 3rd quarter, Holdings Channel reports. The firm owned 341,024 shares of the bank’s stock after purchasing an additional 5,109 shares during the quarter. Quantinno Capital Management LP’s holdings in Regions Financial were worth $7,956,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Citigroup Inc. raised its holdings in shares of Regions Financial by 20.0% in the third quarter. Citigroup Inc. now owns 1,519,299 shares of the bank’s stock valued at $35,445,000 after buying an additional 253,708 shares during the last quarter. Commerce Bank raised its holdings in shares of Regions Financial by 392.5% in the third quarter. Commerce Bank now owns 248,325 shares of the bank’s stock valued at $5,793,000 after buying an additional 197,900 shares during the last quarter. National Pension Service raised its holdings in shares of Regions Financial by 6.3% in the third quarter. National Pension Service now owns 1,722,024 shares of the bank’s stock valued at $40,175,000 after buying an additional 102,380 shares during the last quarter. DRW Securities LLC bought a new position in shares of Regions Financial in the third quarter valued at about $1,659,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Regions Financial in the third quarter valued at about $3,451,000. 79.39% of the stock is owned by institutional investors.

Regions Financial Trading Down 0.0 %

Shares of RF stock opened at $26.29 on Friday. The company has a market cap of $23.89 billion, a P/E ratio of 14.85, a PEG ratio of 2.73 and a beta of 1.19. The stock has a 50 day simple moving average of $24.79 and a two-hundred day simple moving average of $22.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84. Regions Financial Co. has a fifty-two week low of $16.86 and a fifty-two week high of $27.96.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, October 18th. The bank reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Research analysts forecast that Regions Financial Co. will post 2.12 earnings per share for the current year.

Regions Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.80%. Regions Financial’s payout ratio is currently 56.50%.

Analysts Set New Price Targets

RF has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods raised Regions Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $27.00 to $28.00 in a report on Thursday, October 31st. Argus raised Regions Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Thursday, October 24th. The Goldman Sachs Group upped their price target on Regions Financial from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com upgraded Regions Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Regions Financial has a consensus rating of “Moderate Buy” and an average price target of $27.18.

Regions Financial Company 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.