Bank of New York Mellon Corp Has $140.11 Million Position in Regions Financial Co. (NYSE:RF)

Bank of New York Mellon Corp lessened its holdings in Regions Financial Co. (NYSE:RF) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,957,241 shares of the bank’s stock after selling 269,658 shares during the period. Bank of New York Mellon Corp owned 0.66% of Regions Financial worth $140,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB bought a new position in shares of Regions Financial during the 3rd quarter worth about $6,281,000. Private Advisor Group LLC increased its stake in Regions Financial by 1.8% in the third quarter. Private Advisor Group LLC now owns 24,928 shares of the bank’s stock valued at $581,000 after acquiring an additional 429 shares during the period. International Assets Investment Management LLC increased its stake in Regions Financial by 2,128.2% in the third quarter. International Assets Investment Management LLC now owns 98,797 shares of the bank’s stock valued at $2,305,000 after acquiring an additional 94,363 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Regions Financial by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 151,663 shares of the bank’s stock valued at $3,538,000 after buying an additional 7,811 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Regions Financial by 1.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 277,006 shares of the bank’s stock valued at $6,367,000 after buying an additional 4,963 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RF. Piper Sandler upped their target price on shares of Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Compass Point increased their price target on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Barclays increased their price target on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Citigroup increased their price target on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley restated an “equal weight” rating and set a $32.00 target price (up previously from $28.00) on shares of Regions Financial in a research note on Monday, December 9th. One investment 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. Based on data from MarketBeat.com, Regions Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

Regions Financial Trading Up 1.3 %

Shares of Regions Financial stock opened at $23.71 on Friday. The firm has a market capitalization of $21.47 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $24.06 and its 200 day moving average is $24.00. Regions Financial Co. has a 1 year low of $17.72 and a 1 year high of $27.96.

Regions Financial (NYSE:RF) last announced its quarterly earnings results 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 company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. Equities research analysts forecast that Regions Financial Co. will post 2.26 earnings per share for the current fiscal year.

Regions Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Monday, March 3rd. Regions Financial’s dividend payout ratio (DPR) is presently 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.