QRG Capital Management Inc. Has $3.33 Million Stock Position in Regions Financial Corporation $RF

QRG Capital Management Inc. lifted its position in Regions Financial Corporation (NYSE:RF) by 24.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 127,424 shares of the bank’s stock after buying an additional 24,957 shares during the quarter. QRG Capital Management Inc.’s holdings in Regions Financial were worth $3,328,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Regions Financial by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,837,339 shares of the bank’s stock valued at $862,792,000 after purchasing an additional 215,061 shares during the last quarter. Victory Capital Management Inc. increased its position in Regions Financial by 68.9% in the 4th quarter. Victory Capital Management Inc. now owns 22,836,163 shares of the bank’s stock worth $618,860,000 after purchasing an additional 9,312,449 shares during the last quarter. Invesco Ltd. raised its stake in shares of Regions Financial by 3.1% during the 4th quarter. Invesco Ltd. now owns 19,348,237 shares of the bank’s stock worth $524,337,000 after purchasing an additional 573,659 shares in the last quarter. Morgan Stanley raised its stake in shares of Regions Financial by 1.3% during the 4th quarter. Morgan Stanley now owns 18,356,400 shares of the bank’s stock worth $497,459,000 after purchasing an additional 231,924 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Regions Financial during the 4th quarter valued at about $254,564,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on RF shares. Stephens assumed coverage on Regions Financial in a research note on Monday, June 15th. They issued an “equal weight” rating and a $31.00 price target for the company. DA Davidson lowered shares of Regions Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $35.00 to $33.00 in a research report on Monday. Robert W. Baird reiterated an “underperform” rating and issued a $28.00 target price on shares of Regions Financial in a research note on Monday. UBS Group boosted their target price on shares of Regions Financial from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Brean Capital assumed coverage on shares of Regions Financial in a research note on Thursday, March 12th. They set a “neutral” rating on the stock. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.16.

Regions Financial Stock Up 0.5%

Shares of RF traded up $0.17 during trading hours on Tuesday, hitting $30.65. 727,843 shares of the company were exchanged, compared to its average volume of 12,815,045. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $26.15 billion, a PE ratio of 12.78, a PEG ratio of 1.15 and a beta of 1.00. The firm’s 50 day moving average is $28.42 and its 200-day moving average is $28.03. Regions Financial Corporation has a 52 week low of $22.70 and a 52 week high of $31.53.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.62 earnings per share for the quarter, beating 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 business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the business earned $0.54 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts forecast that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a $0.265 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.5%. Regions Financial’s dividend payout ratio (DPR) is currently 44.17%.

Insider Buying and Selling at Regions Financial

In other news, EVP Brian R. Willman sold 7,014 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.34% of the company’s stock.

Regions Financial News Summary

Here are the key news stories impacting Regions Financial this week:

• Positive Sentiment: UBS Group raised its price target on Regions Financial to $33 from $29, implying additional upside from current levels, while keeping a neutral rating. UBS price target raise on Regions Financial
• Positive Sentiment: JPMorgan also increased its target to $31.50 from $29, signaling slightly better valuation expectations despite maintaining a neutral stance. JPMorgan price target raise on Regions Financial
• Neutral Sentiment: Zacks highlighted Regions Financial as a possible dividend stock pick, which may support sentiment but did not include any new fundamental catalyst. Zacks article on Regions Financial
• Negative Sentiment: DA Davidson downgraded Regions Financial to neutral from buy and trimmed its target to $33 from $35, suggesting less enthusiasm for the stock’s near-term upside. DA Davidson downgrade on Regions Financial
• Negative Sentiment: Wells Fargo and Robert W. Baird both maintained cautious views, with Wells Fargo reiterating an underweight rating and Baird reaffirming underperform, reinforcing downside concerns among some analysts. Analyst caution on Regions Financial

About Regions Financial

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.