Regions Financial Co. (NYSE:RF) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its stake in shares of Regions Financial Co. (NYSE:RF) by 4.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 49,489 shares of the bank’s stock after selling 2,374 shares during the period. Rockefeller Capital Management L.P.’s holdings in Regions Financial were worth $1,153,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Regions Financial by 13.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,625,734 shares of the bank’s stock valued at $201,238,000 after buying an additional 1,014,706 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Regions Financial by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,252,693 shares of the bank’s stock valued at $285,562,000 after acquiring an additional 979,597 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 816,226 shares during the period. AE Wealth Management LLC boosted its holdings in shares of Regions Financial by 1,533.3% during the second quarter. AE Wealth Management LLC now owns 645,659 shares of the bank’s stock worth $12,939,000 after purchasing an additional 606,129 shares during the last quarter. Finally, Interval Partners LP purchased a new stake in shares of Regions Financial in the second quarter valued at $11,095,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Regions Financial Trading Down 0.1 %

Shares of RF opened at $26.26 on Monday. Regions Financial Co. has a 12 month low of $16.86 and a 12 month high of $27.96. The stock’s 50-day moving average is $24.85 and its two-hundred day moving average is $22.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market cap of $23.87 billion, a PE ratio of 14.84, a P/E/G ratio of 2.72 and a beta of 1.19.

Regions Financial (NYSE:RF) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm posted $0.49 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. Equities analysts forecast that Regions Financial Co. will post 2.12 earnings per share for the current fiscal year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Monday, December 2nd. Regions Financial’s payout ratio is 56.50%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. DA Davidson increased their target price on Regions Financial from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods raised shares of Regions Financial from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $27.00 to $28.00 in a research report on Thursday, October 31st. Barclays upped their price target on shares of Regions Financial from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their price target on shares of Regions Financial from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 15th. Finally, StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.18.

Regions Financial Profile

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.