Jones Financial Companies Lllp Acquires 158,829 Shares of Regions Financial Co. (NYSE:RF)

Jones Financial Companies Lllp lifted its stake in Regions Financial Co. (NYSE:RF) by 54.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 450,348 shares of the bank’s stock after buying an additional 158,829 shares during the period. Jones Financial Companies Lllp’s holdings in Regions Financial were worth $10,592,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd grew its stake in Regions Financial by 122.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock worth $27,000 after buying an additional 634 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Regions Financial during the 4th quarter worth approximately $28,000. Truvestments Capital LLC acquired a new stake in shares of Regions Financial during the 3rd quarter worth approximately $37,000. Legacy Investment Solutions LLC bought a new position in Regions Financial in the third quarter valued at approximately $37,000. Finally, Quarry LP raised its position in Regions Financial by 29.5% during the third quarter. Quarry LP now owns 1,729 shares of the bank’s stock valued at $40,000 after purchasing an additional 394 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Regions Financial Stock Down 2.5 %

Shares of NYSE:RF opened at $23.12 on Tuesday. The firm has a market cap of $20.93 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.93 and a beta of 1.20. Regions Financial Co. has a 12-month low of $17.72 and a 12-month high of $27.96. The business has a fifty day simple moving average of $24.04 and a 200 day simple moving average of $24.05. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.37.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Regions Financial had a return on equity of 12.83% and a net margin of 20.20%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company earned $0.39 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. Analysts predict that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.33%. Regions Financial’s dividend payout ratio (DPR) is currently 51.55%.

Analyst Ratings Changes

Several equities research analysts have weighed in on RF shares. Wells Fargo & Company upped their target price on Regions Financial from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, November 15th. The Goldman Sachs Group upped their price objective on Regions Financial from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley reissued 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. Truist Financial increased their target price on shares of Regions Financial from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Finally, Citigroup lifted their price target on shares of Regions Financial from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.67.

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.