JPMorgan Chase & Co. raised its stake in shares of Regions Financial Corp. (NYSE:RF) by 46.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 27,096,781 shares of the company’s stock after buying an additional 8,617,323 shares during the period. JPMorgan Chase & Co. owned approximately 2.19% of Regions Financial Corp. worth $267,446,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. TradeLink Capital LLC acquired a new stake in shares of Regions Financial Corp. during the third quarter valued at about $103,000. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Regions Financial Corp. by 6.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,215 shares of the company’s stock valued at $104,000 after buying an additional 710 shares in the last quarter. Paragon Capital Management Ltd boosted its stake in shares of Regions Financial Corp. by 7.9% in the third quarter. Paragon Capital Management Ltd now owns 10,827 shares of the company’s stock valued at $107,000 after buying an additional 796 shares in the last quarter. Kanaly Trust Co boosted its stake in shares of Regions Financial Corp. by 9.6% in the second quarter. Kanaly Trust Co now owns 13,044 shares of the company’s stock valued at $111,000 after buying an additional 1,145 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in shares of Regions Financial Corp. by 14.2% in the second quarter. Wesbanco Bank Inc. now owns 13,329 shares of the company’s stock valued at $114,000 after buying an additional 1,662 shares in the last quarter. Hedge funds and other institutional investors own 72.31% of the company’s stock.

Institutional Ownership by Quarter for Regions Financial Corp. (NYSE:RF)

Regions Financial Corp. (NYSE:RF) opened at 13.18 on Wednesday. Regions Financial Corp. has a 1-year low of $7.00 and a 1-year high of $13.54. The stock’s 50 day moving average is $11.42 and its 200-day moving average is $9.90. The company has a market capitalization of $16.22 billion, a P/E ratio of 15.49 and a beta of 1.35.

Regions Financial Corp. (NYSE:RF) last posted its earnings results on Tuesday, October 18th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.38 billion. Regions Financial Corp. had a net margin of 19.43% and a return on equity of 7.03%. Regions Financial Corp.’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 EPS. On average, analysts expect that Regions Financial Corp. will post $0.87 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be issued a $0.065 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $0.26 annualized dividend and a yield of 1.97%. Regions Financial Corp.’s payout ratio is 30.59%.

ILLEGAL ACTIVITY WARNING: “JPMorgan Chase & Co. Acquires 8,617,323 Shares of Regions Financial Corp. (RF)” was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece on another website, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/30/jpmorgan-chase-co-acquires-8617323-shares-of-regions-financial-corp-rf.html.

Several analysts have recently issued reports on RF shares. TheStreet upgraded shares of Regions Financial Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Sandler O’Neill cut shares of Regions Financial Corp. from a “buy” rating to a “hold” rating and set a $11.50 target price on the stock. in a research report on Tuesday, November 8th. Credit Suisse Group AG set a $9.50 target price on shares of Regions Financial Corp. and gave the company a “hold” rating in a research report on Wednesday, September 14th. Jefferies Group cut shares of Regions Financial Corp. from a “buy” rating to a “hold” rating and upped their target price for the company from $11.50 to $14.00 in a research report on Monday. Finally, Keefe, Bruyette & Woods upgraded shares of Regions Financial Corp. from an “underperform” rating to a “market perform” rating and set a $10.50 target price on the stock in a research report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $10.65.

In other Regions Financial Corp. news, EVP William E. Horton sold 12,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $13.17, for a total value of $158,040.00. Following the transaction, the executive vice president now directly owns 19,434 shares in the company, valued at approximately $255,945.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William D. Ritter sold 69,410 shares of the business’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $10.73, for a total transaction of $744,769.30. Following the completion of the transaction, the executive vice president now owns 321,691 shares in the company, valued at $3,451,744.43. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.

About Regions Financial Corp.

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

5 Day Chart for NYSE:RF

Receive News & Stock Ratings for Regions Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regions Financial Corp. and related stocks with our FREE daily email newsletter.