Regions Financial Corporation $RF Holdings Boosted by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Regions Financial Corporation (NYSE:RF) by 13.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 175,133 shares of the bank’s stock after acquiring an additional 21,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Regions Financial were worth $4,119,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Regions Financial by 3.7% during the first quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank’s stock worth $960,717,000 after purchasing an additional 1,562,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Regions Financial by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,092,742 shares of the bank’s stock worth $675,645,000 after purchasing an additional 1,909,162 shares in the last quarter. Invesco Ltd. raised its holdings in Regions Financial by 35.7% during the first quarter. Invesco Ltd. now owns 20,990,446 shares of the bank’s stock worth $456,122,000 after purchasing an additional 5,521,772 shares in the last quarter. Amundi raised its holdings in Regions Financial by 20.4% during the first quarter. Amundi now owns 10,010,267 shares of the bank’s stock worth $198,721,000 after purchasing an additional 1,696,347 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Regions Financial by 3.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 8,972,531 shares of the bank’s stock valued at $216,866,000 after purchasing an additional 325,382 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Up 0.5%

NYSE RF opened at $24.18 on Friday. Regions Financial Corporation has a twelve month low of $17.74 and a twelve month high of $27.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market cap of $21.58 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.24 and a beta of 1.02. The firm’s 50 day moving average price is $25.98 and its two-hundred day moving average price is $24.00.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 earnings per share for the quarter. Regions Financial had a net margin of 22.49% and a return on equity of 13.05%. The firm had revenue of $1.81 billion for the quarter. Equities analysts anticipate that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, December 1st. Regions Financial’s dividend payout ratio is 46.70%.

Insider Buying and Selling

In related news, Director Roger W. Jenkins purchased 4,000 shares of Regions Financial stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average cost of $25.48 per share, with a total value of $101,920.00. Following the completion of the transaction, the director directly owned 6,383 shares of the company’s stock, valued at $162,638.84. This trade represents a 167.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David R. Keenan sold 30,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the sale, the executive vice president directly owned 90,915 shares of the company’s stock, valued at $2,273,784.15. This trade represents a 24.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RF shares. Truist Financial reduced their price objective on shares of Regions Financial from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Regions Financial in a report on Wednesday, October 8th. Morgan Stanley set a $32.00 price target on Regions Financial in a report on Monday, September 29th. DA Davidson upped their price target on Regions Financial from $25.00 to $29.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Keefe, Bruyette & Woods upped their price target on Regions Financial from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $28.19.

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.