Regions Financial Corporation (RF) Holdings Lifted by Caisse DE Depot ET Placement DU Quebec
Caisse DE Depot ET Placement DU Quebec raised its position in Regions Financial Corporation (NYSE:RF) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 259,580 shares of the bank’s stock after buying an additional 5,200 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Regions Financial were worth $3,970,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp purchased a new stake in shares of Regions Financial during the second quarter worth about $1,259,000. Koch Industries Inc. purchased a new stake in shares of Regions Financial during the second quarter worth about $614,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Regions Financial by 17.9% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 295,359 shares of the bank’s stock worth $4,324,000 after purchasing an additional 44,909 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Regions Financial by 35.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 432,686 shares of the bank’s stock worth $6,335,000 after purchasing an additional 113,610 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in shares of Regions Financial by 4.8% during the second quarter. Synovus Financial Corp now owns 155,071 shares of the bank’s stock worth $2,272,000 after purchasing an additional 7,078 shares in the last quarter. 75.70% of the stock is owned by institutional investors.
Shares of Regions Financial Corporation (NYSE RF) traded up $0.11 during midday trading on Monday, reaching $17.08. 8,342,800 shares of the company traded hands, compared to its average volume of 15,083,407. Regions Financial Corporation has a one year low of $13.00 and a one year high of $17.17. The stock has a market cap of $19,810.00, a PE ratio of 17.79, a PEG ratio of 1.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.84 and a current ratio of 0.85.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.36 annualized dividend and a yield of 2.11%. Regions Financial’s payout ratio is 37.89%.
A number of research firms have recently commented on RF. Royal Bank Of Canada reissued a “hold” rating and set a $16.00 target price on shares of Regions Financial in a research note on Wednesday, October 25th. Piper Jaffray Companies reissued a “hold” rating and set a $14.50 target price on shares of Regions Financial in a research note on Thursday, August 17th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.50 target price on shares of Regions Financial in a research note on Wednesday, August 16th. SunTrust Banks reaffirmed a “buy” rating and set a $19.00 price objective on shares of Regions Financial in a research note on Wednesday, November 29th. Finally, Nomura reaffirmed a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Regions Financial in a research note on Thursday, October 26th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $15.63.
In other Regions Financial news, EVP John B. Owen sold 40,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $15.67, for a total value of $626,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John E. D. D. S. Maupin, Jr. sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $17.04, for a total transaction of $255,600.00. Following the completion of the transaction, the director now owns 59,436 shares in the company, valued at $1,012,789.44. The disclosure for this sale can be found here. Insiders sold a total of 80,000 shares of company stock worth $1,278,400 over the last quarter. 0.52% of the stock is currently owned by company insiders.
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Regions Financial 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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