Financial Counselors Inc. reduced its position in shares of Regions Financial Corporation (NYSE:RF) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 458,239 shares of the bank’s stock after selling 7,719 shares during the quarter. Financial Counselors Inc.’s holdings in Regions Financial Corporation were worth $6,709,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Martingale Asset Management L P boosted its stake in shares of Regions Financial Corporation by 1.7% during the 2nd quarter. Martingale Asset Management L P now owns 114,979 shares of the bank’s stock worth $1,684,000 after acquiring an additional 1,908 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of Regions Financial Corporation by 6.8% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 3,293,363 shares of the bank’s stock worth $48,216,000 after acquiring an additional 208,271 shares in the last quarter. AXA boosted its stake in shares of Regions Financial Corporation by 2.2% during the 2nd quarter. AXA now owns 73,498 shares of the bank’s stock worth $1,076,000 after acquiring an additional 1,600 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Regions Financial Corporation by 98.5% during the 2nd quarter. Private Advisor Group LLC now owns 34,675 shares of the bank’s stock worth $511,000 after acquiring an additional 17,207 shares in the last quarter. Finally, Tredje AP fonden boosted its stake in shares of Regions Financial Corporation by 21.7% during the 2nd quarter. Tredje AP fonden now owns 109,894 shares of the bank’s stock worth $1,615,000 after acquiring an additional 19,590 shares in the last quarter. 75.61% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Fournier J. Gale III sold 35,825 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $14.59, for a total transaction of $522,686.75. Following the transaction, the executive vice president now owns 109,318 shares of the company’s stock, valued at $1,594,949.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David J. Turner, Jr. sold 65,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $14.95, for a total transaction of $971,750.00. Following the transaction, the chief financial officer now directly owns 121,160 shares in the company, valued at approximately $1,811,342. The disclosure for this sale can be found here. Insiders sold 124,514 shares of company stock worth $1,846,733 in the last ninety days. Insiders own 0.52% of the company’s stock.

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Regions Financial Corporation (NYSE RF) traded up 0.68% during mid-day trading on Friday, reaching $13.26. 12,265,438 shares of the company’s stock were exchanged. Regions Financial Corporation has a 1-year low of $9.37 and a 1-year high of $16.03. The stock has a market capitalization of $15.85 billion, a PE ratio of 13.86 and a beta of 1.33. The firm’s 50-day moving average is $14.31 and its 200 day moving average is $14.37.

Regions Financial Corporation (NYSE:RF) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Regions Financial Corporation had a net margin of 20.25% and a return on equity of 7.51%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts forecast that Regions Financial Corporation will post $1.00 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Regions Financial Corporation’s previous quarterly dividend of $0.07. Regions Financial Corporation’s dividend payout ratio is 37.89%.

Regions Financial Corporation declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 28th that permits the company to buyback $1.47 billion in outstanding shares. This buyback authorization permits the bank to reacquire up to 8.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Several equities research analysts have recently issued reports on RF shares. Royal Bank Of Canada reissued a “hold” rating and set a $15.00 target price on shares of Regions Financial Corporation in a research note on Friday, June 23rd. Deutsche Bank AG reissued a “hold” rating on shares of Regions Financial Corporation in a research note on Monday, July 3rd. Jefferies Group LLC reissued a “hold” rating and set a $16.00 target price on shares of Regions Financial Corporation in a research note on Monday, May 15th. Keefe, Bruyette & Woods set a $15.00 target price on shares of Regions Financial Corporation and gave the stock a “hold” rating in a research note on Tuesday, June 20th. Finally, BidaskClub lowered shares of Regions Financial Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.63.

Regions Financial Corporation Company Profile

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.

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

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