The World Asset Management Inc Has $1.83 Million Stake in Regions Financial Corp (RF)

The World Asset Management Inc Has $1.83 Million Stake in Regions Financial Corp (RF)

Several other hedge funds and other institutional investors have also bought and sold shares of RF. Algebris Investments UK LLP bought a new stake in Regions Financial Corp during the third quarter worth approximately $1,477,000. Nomura Asset Management Co. Ltd. increased its stake in Regions Financial Corp by 0.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 183,896 shares of the bank’s stock worth $1,815,000 after buying an additional 1,100 shares during the last quarter. Principal Financial Group Inc. increased its stake in Regions Financial Corp by 1.4% in the third quarter. Principal Financial Group Inc. now owns 1,997,726 shares of the bank’s stock worth $19,718,000 after buying an additional 27,384 shares during the last quarter. Suntrust Banks Inc. increased its stake in Regions Financial Corp by 8.3% in the third quarter. Suntrust Banks Inc. now owns 71,392 shares of the bank’s stock worth $703,000 after buying an additional 5,446 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Regions Financial Corp by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 1,070,760 shares of the bank’s stock worth $10,590,000 after buying an additional 83,313 shares during the last quarter. 74.09% of the stock is owned by institutional investors and hedge funds.

World Asset Management Inc raised its stake in shares of Regions Financial Corp (NYSE:RF) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,129 shares of the bank’s stock after buying an additional 9,258 shares during the period. World Asset Management Inc’s holdings in Regions Financial Corp were worth $1,833,000 as of its most recent filing with the SEC.

Regions Financial Corp (RF) opened at 13.54 on Monday. Regions Financial Corp has a 52 week low of $7.80 and a 52 week high of $16.03. The stock has a 50 day moving average of $14.00 and a 200 day moving average of $14.35. The company has a market cap of $16.28 billion, a price-to-earnings ratio of 14.88 and a beta of 1.37.

Regions Financial Corp (NYSE:RF) last released its quarterly earnings results on Tuesday, April 18th. The bank reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Regions Financial Corp had a return on equity of 7.09% and a net margin of 19.49%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 earnings per share. Equities research analysts predict that Regions Financial Corp will post $0.98 earnings per share for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be issued a dividend of $0.07 per share. This is a boost from Regions Financial Corp’s previous quarterly dividend of $0.07. This represents a $0.28 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, June 7th. Regions Financial Corp’s payout ratio is 29.89%.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated a “hold” rating and set a $15.00 price target on shares of Regions Financial Corp in a report on Thursday, May 18th. FBR & Co set a $18.00 price target on shares of Regions Financial Corp and gave the company a “buy” rating in a report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $16.00 price objective on shares of Regions Financial Corp in a research report on Friday, May 5th. SunTrust Banks, Inc. raised shares of Regions Financial Corp from a “hold” rating to a “buy” rating in a research report on Thursday, February 16th. Finally, Wedbush downgraded shares of Regions Financial Corp from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Regions Financial Corp presently has a consensus rating of “Hold” and an average target price of $13.87. In related news, EVP William D. Ritter sold 39,258 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $13.82, for a total value of $542,545.56. Following the sale, the executive vice president now directly owns 195,423 shares in the company, valued at $2,700,745.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Fournier J. Gale III sold 14,498 shares of the stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $13.65, for a total value of $197,897.70. Following the transaction, the executive vice president now owns 205,143 shares in the company, valued at $2,800,201.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 396,176 shares of company stock worth $5,418,986. Company insiders own 0.88% of the company’s stock.

About Regions Financial Corp Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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