Regions Financial Corporation $RF Shares Bought by TD Asset Management Inc

TD Asset Management Inc raised its holdings in Regions Financial Corporation (NYSE:RF) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 560,213 shares of the bank’s stock after purchasing an additional 34,159 shares during the period. TD Asset Management Inc owned about 0.06% of Regions Financial worth $15,182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its holdings in Regions Financial by 85.9% in the 3rd quarter. American Century Companies Inc. now owns 4,625,557 shares of the bank’s stock worth $121,976,000 after acquiring an additional 2,137,062 shares in the last quarter. Stevens Capital Management LP increased its holdings in Regions Financial by 355.9% in the 3rd quarter. Stevens Capital Management LP now owns 42,850 shares of the bank’s stock worth $1,130,000 after acquiring an additional 33,450 shares in the last quarter. ABC Arbitrage SA purchased a new stake in Regions Financial in the 3rd quarter worth $860,000. Schroder Investment Management Group increased its holdings in Regions Financial by 11.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,732,045 shares of the bank’s stock worth $45,899,000 after acquiring an additional 173,871 shares in the last quarter. Finally, Swiss Life Asset Management Ltd increased its holdings in Regions Financial by 244.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,255,888 shares of the bank’s stock worth $61,135,000 after acquiring an additional 1,600,926 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $27.91, for a total transaction of $195,760.74. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

RF has been the subject of several recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $32.00 price target on shares of Regions Financial in a report on Tuesday, March 3rd. JPMorgan Chase & Co. decreased their target price on Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Brean Capital assumed coverage on Regions Financial in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. Morgan Stanley decreased their target price on Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Finally, Royal Bank Of Canada raised their target price on Regions Financial from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.47.

Regions Financial Stock Performance

NYSE RF opened at $28.59 on Tuesday. The company has a market cap of $24.39 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. The stock’s 50 day simple moving average is $27.54 and its 200-day simple moving average is $27.54. Regions Financial Corporation has a 1-year low of $21.40 and a 1-year high of $31.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80.

Regions Financial (NYSE:RF) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a return on equity of 12.70% and a net margin of 23.13%.The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the business posted $0.54 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.265 per share. The ex-dividend date is Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a yield of 3.7%. Regions Financial’s dividend payout ratio (DPR) is presently 44.17%.

Regions Financial Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.