Global Retirement Partners LLC Sells 1,691 Shares of Regions Financial Co. (NYSE:RF)

Global Retirement Partners LLC lowered its position in shares of Regions Financial Co. (NYSE:RF) by 24.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,302 shares of the bank’s stock after selling 1,691 shares during the quarter. Global Retirement Partners LLC’s holdings in Regions Financial were worth $125,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RF. State Street Corp increased its holdings in shares of Regions Financial by 16.3% in the third quarter. State Street Corp now owns 55,485,987 shares of the bank’s stock worth $1,306,813,000 after acquiring an additional 7,791,399 shares in the last quarter. National Bank of Canada FI increased its stake in Regions Financial by 575.8% during the 3rd quarter. National Bank of Canada FI now owns 1,705,273 shares of the bank’s stock worth $39,784,000 after purchasing an additional 1,452,956 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Regions Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 27,786,933 shares of the bank’s stock worth $648,269,000 after buying an additional 816,226 shares during the period. Point72 Asset Management L.P. acquired a new stake in Regions Financial during the 3rd quarter worth approximately $17,589,000. Finally, Assenagon Asset Management S.A. lifted its stake in Regions Financial by 2,309.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 653,963 shares of the bank’s stock valued at $15,381,000 after buying an additional 626,820 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on RF. The Goldman Sachs Group raised their price objective on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Citigroup increased their target price on Regions Financial from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 price objective (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Compass Point increased their price objective on Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods upgraded Regions Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $27.00 to $28.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

Regions Financial Stock Down 0.0 %

Shares of RF opened at $23.38 on Friday. The firm has a 50 day simple moving average of $24.06 and a two-hundred day simple moving average of $23.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial Co. has a one year low of $17.72 and a one year high of $27.96. The company has a market cap of $21.17 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.93 and a beta of 1.20.

Regions Financial (NYSE:RF) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. Regions Financial’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. Research analysts forecast that Regions Financial Co. will post 2.26 EPS for the current fiscal year.

Regions Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s payout ratio is currently 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.