Schroder Investment Management Group Has $26.69 Million Stock Position in Regions Financial Co. (NYSE:RF)

Schroder Investment Management Group lifted its stake in Regions Financial Co. (NYSE:RF) by 21.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,128,242 shares of the bank’s stock after buying an additional 196,328 shares during the period. Schroder Investment Management Group owned about 0.12% of Regions Financial worth $26,694,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of RF. Y.D. More Investments Ltd boosted its position in Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after buying an additional 634 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Regions Financial in the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management grew its position in Regions Financial by 2,354.9% during the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after acquiring an additional 1,201 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in Regions Financial during the 4th quarter valued at $32,000. Finally, Legacy Investment Solutions LLC bought a new position in Regions Financial in the 3rd quarter valued at $37,000. Institutional investors own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RF. Barclays raised their target price on Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Citigroup reduced their target price on shares of Regions Financial from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Compass Point boosted their price objective on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company decreased their price objective on Regions Financial from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Finally, Truist Financial dropped their target price on Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.17.

Insider Buying and Selling

In other news, Director Joia M. Johnson bought 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $21.18 per share, with a total value of $48,714.00. Following the transaction, the director now owns 17,486 shares in the company, valued at $370,353.48. This represents a 15.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased a total of 3,868 shares of company stock worth $86,722 over the last ninety days. Company insiders own 0.29% of the company’s stock.

Regions Financial Stock Up 2.1 %

NYSE:RF opened at $22.03 on Thursday. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96. The stock has a 50-day moving average price of $23.09 and a two-hundred day moving average price of $23.93. The stock has a market cap of $19.95 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.93 and a beta of 1.19. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. Regions Financial’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. As a group, equities analysts expect that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Monday, March 3rd. Regions Financial’s dividend payout ratio is 51.55%.

About Regions Financial

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.